Timeline: 1948
John D. Rockefeller pledges $5 million toward new HBS buildings if another $5 million can be raised by July 1950
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- Also in 1948:
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- David defines leadership as including 1) competence, 2) making a business a "good society," and 3) contributing to the affairs of the community and the nation
- Human Relations course is first taught
- Postwar MBA application boom continues; 2,400 people apply for 600 seats
- 98% of students now finish two-year program (in contrast to 56% prewar)
- A "Faculty Committee on Alumni Relations Policy" is created
- Committee on Educational Policy begins review of MBA and AMP
- David asserts that "there is no such thing as the 'economic man'"
- Entering class in fall is first to have "concentration requirements"
- For the first time since 1940, faculty has no summer teaching commitments
- HBR goes from quarterly to bimonthly schedule; circulation reaches 20,000, and 1,200 individuals and companies order 100,000 reprints
- HBS Club of Paris (suspended since 1942) resumes activities; Montreal club is established
- HBS professors help University of Western Ontario establish "Management Training Course," modeled on AMP
- Harvard Research Center in Entrepreneurship is established under direction of Joseph Schumpeter and HBS librarian Arthur Cole
- Harvard authorizes HBS and Dean David to seek $20 million in new funds
- John Lintner publishes Mutual Savings Banks in Savings and Mortgage Markets
- Renovation of six living halls begins at a cost of roughly $200,000 each
- Trade Union Program is shortened to 13 weeks, and is run at same time as AMP to facilitate management-labor interactions
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