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- Also in 1977:
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- A study shows that 43.9% of the Class of '37 own their firms, while 15.8% of the Class of '67 own theirs; Fouraker concludes that HBS graduates are a "major entrepreneurial stream" in the U.S. economy
- A total of 758 new cases are written, representing a "major renewal" of the teaching-program content
- Class of '77 includes 152 women (up from 27 in 1969), 55 minorities (down from 74), 157 foreign students (up from 104), and 494 "U.S. men" (up from 477)
- 42% of graduating class goes into manufacturing, with consulting, commercial banking, and investment banking each claiming 10%
- Abraham Zaleznik publishes "Managers and Leaders: Are they different?", in HBR
- At urging of Richard Rosenbloom, Director of Division of Research, HBS establishes a Post Doctoral Fellowship Program, aimed at bringing new types of researchers to HBS
- Chapman Professorship, honoring banker Richard Chapman (MBA '27), is established; Philip Thurston is named first incumbent
- David Hawkins wins Graham and Dodd Scroll from the Financial Analysts Journal for his study of the use of cash flow data by investors
- Endowment reaches $56.3 million (up from $25.5 million in 1969)
- Faculty generate 29 books, 157 articles, and 40 working papers
- George Lombard -- a member of the faculty since 1940, a founding member of the Human Relations group, and a key faculty administrator -- retires
- HBS Clubs open in Barcelona and Singapore
- Harry Hansen retires; becomes dean of Institut pour l'Enseignement des Methodes de Direction de l'Entreprise (IMEDE) in Lausanne
- Harvard cases account for 88% of the sales of the Intercollegiate Case Clearing House
- Jay Light takes 2-year leave to serve as Ford Foundation's director of investment and financial policies
- Jesse Markham, Tony Hourihan, and Francis Sterling publish Horizontal Divestiture and the Petroleum Industry
- John Kotter receives Exxon Award for innovation in graduate business school curriculum design for his Self-Assessment and Career Development elective
- Robert Anthony and Regina Herzlinger receive the American College of Healthcare Executives' Hamilton Award for their book, Management Control in Nonprofit Organizations
- Social psychologist Raymond Bauer, a pioneer in applying behavioral sciences to business administration and a 20-year veteran of the HBS faculty, dies at age 60
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