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- Management and the Worker, summarizing findings of research conducted at Western Electric's Hawthorne plant, is published by Professor Fritz J. Roethlisberger and William J. Dickson; it becomes a bestseller (and later, a foundation of the Human Relations movement).
- Since 1920, HBS has collected 14,439 cases
- A Harbus survey reveals that HBS students spend roughly $470,000 per year on non School-related expenses, of which a third is spent in Harvard Square
- Associate Dean Clinton P. Biddle dies unexpectedly, leaving Donham without an obvious successor
- Donham and HBS faculty conclude that war is inevitable; negotiate with Army to relocate Army Industrial College to HBS
- In report to President, Donham discusses the "character of the School's research program," which combines theory and facts
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