Word: methodism
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Dates: during 1980-1989
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Researchers at the Medical School and the Children's Hospital Medical Center last week announced that they had perfected a method for inducing bone growth by using crushed cadaver bones instead of bones removed from patients' bodies. Osteoinduction--the name of the new process--should be 100-per-cent effective, compared to grafting's success rate of 65 per cent, Julie Glowacki, head of the research team that developed the new process and an associate in surgery at the Med School, said last week. Using the new process, doctors implant demineralized bone matter into the site where bone growth...
...comes the work, endless work. The first-year student stays at his desk for three hours in the morning and 1½ hours in the afternoon while the different professors come and go. They teach all the required basic courses-finance, marketing, production and operations management-by the case method that Harvard pioneered in 1924 and still considers fundamental (see box). These real-life cases are complex: 20 to 30 pages each, requiring two or three hours of preliminary study. The students usually have to analyze three a day in class-more than 800 in all during the two-year...
...case method forces the student to think like a chief executive -this is its strength but also its weakness. It forces him to argue his views like an executive, and to bear up under executive pressure. "When I saw the first 'decision tree' they drew in my managerial economics class, the only thing I could think of was that it looked like lightning going across the chalk board," says Deborah Widener, 28, now an associate for the Wall Street investment firm of Salomon Bros." I had no idea what was going on for at least a week because...
...Harvard is the temple of the case method, the Gothic towers at the University of Chicago form the shrine of pure theory. "The case-study method is only a concoction that looks realistic," scoffs Eugene Fama, who teaches a notoriously tough lecture course in finance. "It's like an electronic hockey game that can never produce real hockey players." Chicago's first-year core courses cover statistics, managerial accounting, microeconomics and macroeconomics. The second-year electives put the theories to work: applied econometrics, financial instruments, application of finance theory. Though the emphasis on theory is heavy, Chicago officials...
...pint cartons of orange juice. This morning's object of study is Waffle House, Inc., a chain of 425 fast-food restaurants, roughly half of them franchised, that began in Georgia and spread across much of the Southeast. Like most examples in Harvard's celebrated case-study method, Waffle House does not simply present some problem to be solved. Instead, the goal here is to assess the critical details in what makes a business a success-or a failure. TIME Correspondent Jeff Melvoin reports...