Word: gay
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Dates: during 1920-1929
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Former Dean E. F. Gay, Hon. '18, who followed former Bishop William Lawrence '71 on the program of the dedication exercises of the Harvard Business School on Saturday told of the early history of the School of which Professor Gay was the first Dean...
Professor Gay spoke of President Eliot's belief from the very outset in the speedy success of the Harvard Graduate School of Business Administration. Mr. Eliot was confident that by the end of the first five-year period, avowedly experimental, for which a modest financial provision had been made, the new School would have so demonstrated its usefulness that its support would be ensured. The newly appointed dean insisted that it would take at least fifteen years to come to anything like maturity, measured by both qualitative and quantitative tests. That cautious prediction has been abundantly fulfilled...
...Gay then paid tribute to those who from the beginning had made possible the growth of the School, the first donors, the devoted teachers, and the group of business men who, led by Mr. Higginson, contibuted time and interest to the new enterprise...
...speaking of the first, and in fact the continuing task of such a School--to find what essentials should and could be taught, and then learning how they could be taught, Professor Gay told of the skeptical business man, an admirer of West Point methods, who came to visit the School in its early days. The visitor asked what, apart from a certain amount of technical knowledge, were the qualities required for success in business. The answer was: "Judgment, courage, and that combining and balancing quality which may be called resourcefulness of 'gumption'." When he said triumphantly...
...Gay concluded by suggesting that the art and science of management, the nice adjustment of means to end, is not only the chief concern of business, but that, increasingly, business men are coming to look to the professional schools of business for its perfecting. There it can be studied, with the detachment of laboratory specialization--its history and its present manifold forces. And for the business research, as well as for business teaching, to which the Harvard Business School is making such great contributions, there are great possibilities of usefulness which will be developed in the coming years...