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- Faculty approves a massive expansion of doctoral program to meet burgeoning demand for business educators; Ford Foundation funds this expansion
- HBS observes 50th anniversary with "rededication service" in Memorial Church and a celebratory dinner
- Professor Melvin T. Copeland publishes And Mark an Era, first HBS history, on occasion of School's 50th anniversary
- 20 faculty members participate in programs in 11 countries around the world
- Due to economic recession, average starting salary (for MBA students) drops from $6,505 to $6,455
- Faculty approves "Business, Society, and the Individual" elective, aimed at encouraging student scrutiny of "proper ends and means of business"
- Faculty votes to support a mix of students, including foreign students, in MBA class, in effect setting a quota for foreign students
- Gifts received through HBS Fund exceed $332,000, up from $62,000 in 1950
- HBSA holds two-day conference -- Management's Mission in a New Society -- commemorating HBS's 50 anniversary, and including historian Arnold Toynbee and U.S. Vice President Richard Nixon
- In December, faculty votes to support both (limited) basic research program with seven concentrations and a larger general-interest effort
- MBA tuition increases to $1,200
- McKinsey Foundation for Management Research establishes annual "McKinsey Awards" for best articles published each year in HBR
- Middle Management Program is suspended after its fifth session
- New "International Teachers Program" enrolls 18 teachers from 12 foreign countries
- Paul Cherington publishes Airline Price Policy
- Teele writes that there is a "growing demand for graduate training for women in the field of business administration," and for advanced degrees
- Three long-time members of HBS Visiting Committee -- Lincoln Filene, Walter C. Teagle, and William Ziegler, Jr. -- die
- Windsor Hosmer first offers "Small Manufacturing Enterprises"
- With Ford Foundation and AID support, the International Teachers Program is established to help train foreign teachers; 18 teachers from 12 countries begin arriving at HBS
- With addition of 6 local AMP associations, total number of HBS clubs reaches 62
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