Word: first
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Dates: during 1940-1949
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...Harvard's view of business education is the notion that "one must learn to do by doing." Years ago in 1908, when the School first opened, its leaders decided to minimize the study of facts, rules, and routines, and that's the way things have stayed ever since. Meanwhile, what started as a modest, small-scale "problem method of instruction" has evolved through the years into the School's famous "case system...
...corporation programs usually emphasize better preparation for a man's first job. After all, Business School education, intensive as it may be, is developing the "able business administrator," not the salesman or assistant buyer. But while the corporation training programs can and do give non-Business School graduates a bit of a boost at the start, Harvard education can pay off at promotion time. Surveys have shown that the Business School man, even without the training in routines, isn't at all slow in adjusting himself to his first job, thanks to his indirect study of business as a whole...
...whole idea of business at Harvard originated at the turn of the century when the University started taking sharp notice of the rapid expansion of business in the country. First came an experimental course in accounting, and then, in 1907, President Eliot announced the Corporation had voted to set up a School for Public Service and Commerce...
Under its first dean, Edwin F. Gay, the fledging School heard lectures by outside business men and grew from a 33-man class in 1910 to a 156-man class in 1917. But the first world war dispersed both faculty and students, and in 1919 only 68 men were around to receive their M.B.A...
That year Gay resigned to take on the presidency of the New York Evening Post, and Wallace B. Donham left his Old Colony Trust Company vice-presidency to become the Business School's second dean. In his first report Donham hailed his predecessor's ten years of work in launching the School but lashed...