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- The first issue of the Harvard Business Review, intended to disseminate the School's research findings, is published in October.
- Harvard Corporate authorizes HBS to grant "Doctor of Commercial Science" (DCS) degree
- 41 universities ask for graduating students to teach business; only 5 graduates do (3 of them at HBS)
- GE pays for HBS to research cases at GE
- HBS abandons the unpopular thesis requirement
- HBS faculty defines itself as a "faculty of applied economics"
- Librarian C. C. Eaton and staff begin reclassification of library collection
- President Lowell approves Donham's plan to substitute loans for scholarships, on theory that HBS students should pay for their education
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