Word: school
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Despite all this, the Rockefeller pledge has forced the Business School today to show real evidence for its reputation. Under terms of the donation, the $5,000,000 must on July 1, 1950 be matched by an equal amount in gifts or pledges toward the School's $20,000,000 expansion program. "It's a real test for us," one official put it recently. "We feel we've got something that helps American business, and now in our drive for funds we'll see if business really thinks we're worth while...
...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...
Under this system, which has its roots in the Law School's case method as well as medicine's clinical method, each of today's 1,350 Business School students is probing into 500 cases a year. Material is drawn from a Baker Library stock of over 5,000 "active" studies of situations that have actually occurred in business, and before coming to class on each assignment, every student must put himself into the situation and come up with an appropriate decision. There is no right or wrong; it's the business thinking that counts, for after two years...
This is the reason why the School's graduates are so popular in the job market, and it's also the reason why the expensive Harvard education (tuition is $800 a year) can meet the increasing competition of be-paid-as-you-learn corporation training programs...
...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...