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Harvard Business School

Encyclopedia : H : HA : HAR : Harvard Business School

HBS, as seen from across the Charles River. In the background is the steeple of Baker Library.
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HBS, as seen from across the Charles River. In the background is the steeple of Baker Library.

Harvard Business School
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Harvard Business School

Harvard Business School, officially named the Harvard University Graduate School of Business Administration: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University.

The school was founded in 1908 with an initial class of 59 students. Its first location was in Cambridge, Massachusetts.

In the 1920s, the class size reached 500 students. In 1927, the School moved across the Charles River to its present location in Allston (part of Boston) - hence the custom of faculty and students of referring to the rest of Harvard University as "across the river." Women were first admitted to its regular two-year Master of Business Administration program with the Class of 1965. HBS is led by Dean Jay O. Light, appointed by Harvard President Lawrence Summers on April 24, 2006.

The school offers a full-time MBA program, a Doctoral program and many executive education programs, although none of them is an Executive MBA. Current MBA classes have a size of approximately 911 students, divided into ten sections (A-J). Each section takes classes together the first year, with the intention of forming deep social bonds. Graduation rates are approximately 99.5%. Teaching is almost exclusively (95%) done through case teaching (also referred to as the Socratic method), where the students prepare teaching cases and discuss them in class, with a professor as moderator and facilitator. The School owns Harvard Business School Publishing (www.hbsp.harvard.edu), which publishes business books, teaching cases and the monthly Harvard Business Review.[[Citing sources citation needed]]

Contents

Academic honors

The top academic honor at Harvard Business School is the Baker Scholar designation (High Distinction), given to the top 5% of the graduating MBA class. Students receiving honors (top 20%) in both their first and second years are awarded the MBA degree with Distinction.

The student (or students) receiving a full complement of top grades in their first year classes is designated a Ford Scholar.

Organizational relationships

Harvard Business School has a number of relationships with other leading business schools, most notably Wharton of the University of Pennsylvania and the Isenberg School of Management in Amherst, Massachusetts. It offers its students cross-registration at the MIT Sloan School of Management, one of the few leading pairs of business schools to offer such an arrangement. It also offers a number of Executive Education programs jointly with Wharton School of Business, Stanford Graduate School of Business, and Isenberg School of Management. It collaborated with the Indian Institutes of Management Ahmedabad in setting up their leading national management program. Faculty (and research associates at the school's Division of Research) author a large portion of the case studies used at many other business schools around the world. (Case studies are a type of teaching material used at many business schools; each shows a particular situation at a company and asks students to analyze its major issues.)

Reputation

In 2000, The New York Times commented that Harvard was by reputation "one of the two best business schools in the country, a notch above Pennsylvania's Wharton School [and others]," and also noted that in its rivalry with Stanford, Harvard "may have the advantage of better name recognition than Stanford, and more resources."Leonhardt, David (2000) "California Dreamin'". The New York Times, June 18, 2000 p. BU1. (HBS/Stanford rivalry analyzed) In 1976, Wharton's then-dean Donald C. Carroll said that "The great secret of the Harvard Business School's success has been its great emphasis on executive education, which has kept the school very much tied into corporate America. They have reaped the benefit of that," and acknowledged that Wharton was "playing catch-up." Abrams, William (1976) "Spotlight: Wharton's Master of Growth", The New York Times, November 21, 1976, p. 129. Profile of Wharton's Donald C. Carroll (Secret of HBS success; Wharton playing "catchup")

Campus

Hawes Hall at Harvard Business School.
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Hawes Hall at Harvard Business School.

The Harvard Business School campus is located in Allston, across the Charles River from the main Harvard campus in Cambridge. Many of the buildings have red-brick exteriors, as do many buildings in Harvard Yard. HBS maintains a number of facilities, including a sports center and chapel, that are dedicated for the exclusive use of its community. A series of underground tunnels connects the basements of nearly every building on the campus. Spangler Hall is widely considered HBS' main building with student lounges, administration, cafeteria, and grille. Most classrooms are located in Aldrich and Hawes, most of which are 100-student "amphi-theatre" rooms with approximately five rows in a half circle. This design facilitates the teaching of the case method. Baker Library was reopened in 2005 after several years of renovation. The new building features student study spaces as well as faculty offices. The fitness center is located in Shad Hall, across from Morgan Hall, which houses the majority of the faculty. Shad Hall is also the location of the Computer Lab where many studies of psychology in business are conducted. Closest to Charles River are the Executive Education halls as well as student dormitories.

Owner/President and Advanced Management Program

In addition to Master's and Doctoral degrees, the Harvard Business School (HBS) offers three non-degree executive programs which confer alumni status to graduates called the Owner/President Management Program (OPM), Advanced Management Program (AMP) and General Management Program (GMP). Other Executive Education programs at HBS also award certificates to attendees, but do not confer alumni status (an exception is the Leadership Development Program, which also confers HBS alumni status if 10 extra dates (2 weeks of HBS executive education) are completed).

Academic Units

The school's faculty are divided into ten academic units. The units are Accounting and Management; Business, Government and the International Economy; Entrepreneurial Management; Finance; General Management; Marketing; Negotiation, Organizations & Markets; Organizational Behavior; Strategy; and Technology and Operations Management.

Notable Harvard Business School people

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See also: Harvard University people

Current and past faculty members

Alumni (MBA and executive programs)

See also

References

External links

Schools of Harvard University
Harvard Faculty of Arts and Sciences>Faculty of Arts and Sciences: College • Graduate School of Arts and Sciences • Division of Engineering and Applied Sciences • Continuing Education
Faculty of Medicine: Harvard Medical School>Medical School • School of Dental Medicine
Harvard Divinity School>Divinity School • Law School • Business School • Graduate School of Design
Harvard Graduate School of Education>Graduate School of Education • School of Public Health • Kennedy School of Government
Radcliffe Institute for Advanced Study (successor to Radcliffe College)

 

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