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- With Dean Donham's strong urging, Australian researcher Elton Mayo joins faculty; "Industrial Relations" research group is established with a grant from the Rockefeller Foundation, and begins investigating the "human factor" in business.
- Six living halls completed in fall; 521 HBS students move in
- Bureau of Business Research becomes less involved in casewriting
- Developing the "professional side of business" is cited as main aim of HBS
- Donham calls for efforts to "socialize the results of science"
- First volume of Harvard Business Reports is published
- Georges Doriot introduces Manufacturing Industries elective; forerunner to his celebrated Manufacturing course
- HBS loses 4 professors to industry and 1 to Stanford; Donham expresses concern about salaries and competitiveness
- J. Hugh Jackson leaves to teach at new Stanford Business School; eventually becomes school's second dean
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