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- Aldrich and Kresge Halls, the first major additions to the original HBS campus, are dedicated in June. The total cost of Aldrich (the classroom building cut from the original campus plan for budget reasons) is $3.2 million, and the Rockefellers add a $1.8 million endowment for upkeep; the total cost of Kresge (a dining facility and campus center) is $2.3 million.
- HBS receives requests for assistance from 32 foreign educational institutions, signaling the beginning of almost two decades of active HBS "missionary" work overseas.
- Professor Melvin T. Copeland retires after 45 years on faculty
- With Ford Foundation funding, faculty votes in favor of an enlarged doctoral program, and (with Harvard's permission) to grant a "Doctor in Business Administration" degree instead of the "Doctor of Commercial Science" degree
- At a March meeting in Princeton, HBS and other leading business schools agree to adopt an "Admission Test for Graduate Study in Business"
- Citing financial aid statistics, David refutes idea that HBS is a "rich man's school"
- Dan Smith begins six-year leave to join Treasury Department and help rewrite Internal Revenue Code
- David writes that "business is not yet a profession," and calls for "leadership" to be made a permanent part of the curriculum
- Division of Audio-Visual Education is created to investigate use of media in case development and teaching
- HBR circulation reaches 35,000; 89% of subscribers are in "top management"
- HBS faculty help 12 Canadian universities offer "Atlantic Summer School for Advanced Business Administration" in Halifax
- HBS takes over operation of HBS Fund from alumni
- James Healy and John Dunlop publish Collective Bargaining
- Keith Butters and Lawrence Thompson publish Effects of Taxation on Investments by Individuals
- Moffett Professorship, honoring agribusiness executive George Moffett, is established
- New "Doctoral Lounge" opens in Baker
- New "Office of Case Development" takes over responsibility for case research from Division of Research
- Professor Bertrand Fox succeeds Copeland as head of Division of Research; works with Research Policy Committee to review HBS research program
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