Harvard Business School
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Image:Hbs-charles.jpg Image:Harvard shield-Business.png
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 is also one of six Ivy League business schools.
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 MBA program with the Class of 1965.
The school offers a full-time MBA program, a Doctoral program and several executive education programs. 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. The School owns Harvard Business School Publishing, which publishes business books, teaching cases and the monthly Harvard Business Review.Template:Fact
Since 2005, HBS has refused to actively participate in the rankings of business school programs. As such, they have been dropped from several major MBA rankings. 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]."Template:FactIn its rivalry with Stanford, Harvard "may have the advantage of better name recognition than Stanford, and more resources."Template:Ref In 1976, Wharton's then-president 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." Template:RefTemplate:Fact
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Awards
The top academic honor at Harvard Business School is the Baker Scholar designation, given to the top 5% of the graduating MBA class.
Organizational relationships
Harvard Business School has a number of relationships with other leading business schools. It offers its students cross-registration at the MIT Sloan School of Management, one of the only 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 and Stanford Graduate School of Business. It collaborated with the Indian Institutes of Management Ahmedabad in setting up their leading national management program. Faculty at the school 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.)
Campus
Image:Hawes-hbs.jpg 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 connect the basements of nearly every building on the campus.
Owner/President and Advanced Management Program
In addition to Master's and Doctoral degrees, Harvard Business School offers non-degree executive programs called the Owner/President Management Program (OPM) and the Advanced Management Program (AMP) which confers alumni status to all participants.
Graduates and faculty with impact
See also: Harvard University people
Current and past faculty members include:
- Kim B. Clark, former Dean of the Faculty and George F. Baker Professor of AdministrationTemplate:Fact
- Alfred D. Chandler, Jr., business history
- Clayton M. Christensen, technology and general management (originator of the concept "disruptive technology")
- Rosabeth Moss Kanter, management
- Robert S. Kaplan, accounting (originator of the "balanced scorecard" concept)Template:Fact
- Paul Lawrence (also an alum), organizational behavior
- Elton Mayo early researcher of the Hawthorne Effect
- Robert C. Merton, winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for 1997
- Michael E. Porter, University Professor; competitive strategy; co-founder of Monitor GroupTemplate:Fact
- Shashikant Patel, Australian diplomat to the U.S.
- Howard Raiffa, decision analysis
- David Yoffie Strategy
- Ed Zschau, general management
- Rakesh Khurana, organizational behavior, CEO of Labor Market
Alumni include (MBA and executive programs):
- William Anders, former NASA astronaut
- Jim Balsillie, chairman and co-CEO of Research In Motion, which developed the BlackBerry handheld communication device
- Ernesto Bertarelli, CEO of Serono, 'America's Cup' Yacht Race Winner)[1]
- Julie Bishop, Australian politician
- Michael Bloomberg, businessman and Mayor of New York City
- Dan Bricklin, co-creator of the VisiCalc spreadsheet program
- Jon Burgstone, co-founder of SupplierMarket.com
- George W. Bush, 43rd President of the United States
- Liam Byrne, Labour Member of Parliament for Birmingham Hodge Hill and Parliamentary Under Secretary of State at the Department of Health
- Donald J. Carty, former Chairman and CEO of AMR, the parent company of American Airlines
- Elaine Chao, 24th United States Secretary of Labor
- P. Chidambaram, Finance Minister of India
- Scott Cook, founder of Intuit, Inc.
- Stephen Covey, author of The 7 Habits of Highly Effective People and co-founder of Franklin Covey
- Chris Cox, Chairman of the U.S. Securities and Exchange Commission and former U.S. Congressman
- Gurcharan Das, venture capitalist
- Belmiro de Azevedo, Chairman, CEO, and co-founder of Sonae; member of the European Round Table of Industrialists
- Jamie Dimon, CEO of JPMorgan Chase
- John Doerr, leading technology venture capitalist, Kleiner Perkins Caufield & Byers
- Donna Dubinsky, MBA 1981, Direct Report of Bill Campbell at Apple Computer, CEO of Palm, Inc., and co-founder of Handspring
- Victor Kwok-king Fung - Prominent Hong Kong businessman and political figure
- Lou Gerstner, Chairman of the Carlyle Group and former Chairman and CEO of IBM
- Fred Haise, former NASA astronautTemplate:Fact
- H. John Heinz III, former U.S. senator from Pennsylvania
- Jeffrey R Immelt, Chairman and CEO of General Electric
- Kwame Jackson, one of the two final candidates on Donald Trump's American television reality series The Apprentice
- Richard Jenrette, investment banker and co-founder, Donaldson Lufkin & Jenrette
- James Kelly, Assistant U.S. Secretary of State for East Asian and Pacific Affairs
- Herb Kohl, U.S. Senator, President of Kohl's Department Stores, owner of the NBA's Milwaukee Bucks
- Robert Kraft, Owner of the New England Patriots
- Alan Lafley, CEO of Procter & Gamble
- Antony Leung, former Financial Secretary of Hong Kong SAR
- Chai Ling, one of the leaders of the Tiananmen Square protests of 1989
- Peter Lougheed, former leader of the Alberta Progressive Conservative Party and Premier of Alberta from 1971 to 1985
- Robert S. McNamara, US Secretary of Defense, 1961 - 1968, 4th President of the World Bank 1968 - 1981
- W. James McNerney, Jr., Chairman and CEO of Boeing
- Fred Newman, sound effects
- Stan O'Neal, CEO of Merrill Lynch
- Karen A. Page, James Beard Award-winning culinary author
- Henry M. Paulson, Jr., Chairman and CEO Goldman Sachs
- Joseph R. Perella, M&A expert, investment banking executive
- Tom Perkins, venture capitalist, co-founder of Kleiner, Perkins, Caufield & Byers
- Sebastián Piñera, owner of Lan Airlines and former candidate for the Chilean presidency
- William Proxmire, former U.S. senator from Wisconsin
- Donald W. Riegle, Jr., former U.S. senator from Michigan
- Arthur Rock, the father of Venture capital
- Mitt Romney, Governor of Massachusetts
- William Roth, former U.S. Senator from Delaware
- Jack Ryan, former United States Senate candidate
- Stephen A. Schwarzman, co-founder and CEO of the Blackstone GroupTemplate:Fact
- Jeffrey Skilling, former CEO of Enron
- Jan Stenbeck, Swedish capitalist and majority shareholder of Investment AB Kinnevik
- Gérald Tremblay, mayor of Montreal
- Rick Wagoner, Chairman and CEO of General Motors
- Mark Walsh, entrepreneur, venture capitalist, and former CEO of Air America Radio
- Robert D. Walter, Chairman and CEO of Cardinal Health, ranked 16th on the Fortune 500 list in 2005
- Meg Whitman, President and CEO of eBay
- James D. Wolfensohn, 8th President of the World Bank
- George Yeo, Minister of Foreign Affairs, Singapore
See also
References
- Template:Note Leonhardt, David (2000) "California Dreamin'". The New York Times, June 18, 2000 p. BU1. (HBS/Stanford rivalry analyzed)
- Template:Note 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")
External links
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