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- Retailing specialist and recipient of HBS's second doctoral degree, Stanley F. Teele, is named HBS's 4th dean.
- The Harvard Business School Association (HBSA) now includes 52 clubs around the world, and 50 permanent class secretaries (up from 13 in 1949) contribute notes to the alumni Bulletin.
- HBS and Radcliffe formalize their working arrangement in the "Management Training Program" for women
- HBS receives $2 million grant from Ford Foundation in support of two research professorships, later renamed the Thomas Carroll Ford Foundation and Edsel Ford Professorships; Samuel Stouffer (of Harvard's Department of Social Relations) and Bertrand Fox are named first incumbents
- In June, first "Doctorate in Business Administration" is awarded; 41 "provisional candidates" are accepted into the DBA program
- Office of Overseas Relations is established to serve as central point of contact for requests for help from overseas; over next 8 years, OOR hosts 3,000 visitors from 85 countries
- 2 faculty advisory committees -- Domestic Programs and Foreign Programs -- are set up to help HBS choose appropriate partners
- 200,000 HBR reprints are sold
- 25th AMP achieves 99.4% participation in fund drive (lacking only one overseas member)
- Admissions director Lewis Ward leaves HBS to head Educational Testing Service's "Executive Study"; subsequently returns to join faculty
- Baker Library collection comprises some 310,700 books and pamphlets
- Bertrand Fox, Keith Butters, and C. Roland Christensen write report on research challenges at HBS
- Charles C. Abbott resigns from faculty to become first dean of new business school at the University of Virginia
- Faculty Committee on Case Development Policy urges a substantial expansion of case development; results in a doubling of case output
- Grace P. Bowser, head of Baker's Acquisition Division since 1927, retires
- HBS attends October AACSB meeting at Columbia on subject of doctoral programs in business adminstration; School is "now playing a significant role" in training researchers and teachers
- HBS budget exceeds $4 million (up from $1.2 million in 1942)
- Incoming MBA class is first in recent years not to be interviewed
- John Davis and Ray Goldberg inaugurate HBS "agriculture and business" program
- Middle Management Program is shortened to 8 months
- Rockefeller Foundation makes 5-year extension to John Lintner's study of the impact of profits on the economy
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