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Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It owns Harvard Business Publishing, which publishes business books, leadership articles, case studies, and Harvard Business Review, a monthly academic business magazine. It is also home to the Baker Library/Bloomberg Center, the school's primary library.

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The business school pioneered the development of the case method of teaching, drawing inspiration from this approach to legal education at Harvard. Cases are typically descriptions of real events in organizations. Students are positioned as managers and are presented with problems which they need to analyze and provide recommendations on.[6]

From the start the school enjoyed a close relationship with the corporate world. Within a few years of its founding many business leaders were its alumni and were hiring other alumni for starting positions in their firms.[7][8][9]

At its founding, the school accepted only male students. The Training Course in Personnel Administration, founded at Radcliffe College in 1937, was the beginning of business training for women at Harvard. HBS took over administration of that program from Radcliffe in 1954. In 1959, alumnae of the one-year program (by then known as the Harvard-Radcliffe Program in Business Administration) were permitted to apply to join the HBS MBA program as second-years. In December 1962, the faculty voted to allow women to enter the MBA program directly. The first women to apply directly to the MBA program matriculated in September 1963.[10]

Harvard Business School played a role in the founding of the first business schools in the United Kingdom, delivering six-week Advanced Management Program courses alongside local staff at Durham in 1964, Bangor in 1965 and at Strathclyde in 1966.[11] It also brought in professors from the newly founded British business schools to see how teaching was carried out at Harvard via an International Teachers Program.[12]

In future years, though, profit growth accelerates at an even faster rate. In apparel e-tailing, repeat customers spend more than twice as much in months 24-30 of their relationships than they do in the first six months. And since it is relatively easy for Web stores to extend their range of products, they can sell more and more kinds of goods to loyal customers, broadening as well as deepening relationships over time. The evidence indicates, in fact, that Web customers tend to consolidate their purchases with one primary supplier, to the extent that purchasing from the supplier's site becomes part of their daily routine. This phenomenon is particularly apparent in the business-to-business sector. For example, W.W. Grainger, the largest industrial supply company in the United States, discovered that longtime customers, whose volume of purchases through Grainger's traditional branches had stabilized, increased their purchases substantially when they began using Grainger's Web site. Sales to these customers increased at triple the rate of similar customers who used only the physical outlets. [For more on Grainger, see "How Grainger Helps Customers Make Sense of Complexity" below.]

The combination of all these economic factors means that the value of loyalty is often greater on the Internet than in the physical world. For all companies doing business on the Web, the implication is clear: you cannot generate superior long-term profits unless you achieve superior customer loyalty.

The business-to-business powerhouse W.W. Grainger has spent a lot of time thinking about how to help customers make sense of complex offeringsboth in its physical network of branches and on its Web site. One of Grainger's core advantages is the breadth of its selectionit can deliver any product a company needs when it needs it. Totaling some 4,000 pages, Grainger's traditional paper catalog includes almost 90,000 maintenance and repair products. Many customers, however, find the catalog more than a little daunting. They like to have the choice of two or three different motors with the same power rating, but they really don't want to choose from a list of 20. The company therefore encourages customers to discuss their needs with the branch employees who can simplify the choices. And because Grainger recognizes that customers have to trust employees in order to cede power over their purchases, it carefully trains its people to act in their customers' best interests, not to simply maximize the sales commission or branch profitability.

Our world-class Entrepreneurship faculty are the thought leaders with deep understanding of the startup experience. They not only write the cases used in business schools around the world, but they bring the protagonists from those cases into the classroom to share their real-world experience.

Competitive advantage. The value chain. Five forces. Industry structure. Differentiation. Relative cost. If you want to understand how companies achieve and sustain competitive success, Michael Porter's frameworks are the foundation. But while everyone in business may know Porter's name, many managers misunderstand and misuse his concepts. Understanding Michael Porter sets the record straight, providing a concise, accessible summary of Porter's revolutionary thinking.

There is more data available to businesses and organizations today than ever before, offering the potential to quickly and efficiently identify and reach desired business goals and outcomes. What is the best way to access and use this data to help develop business solutions and make decisions? What is data-driven decision making, and how can a better understanding and use of data impact your business or organization?

Data is only as useful as the insights you can collect from it. As a business professional, you can help realize the full potential of your data by building the skills that will help you effectively understand, visualize, and analyze the data available to you.

Data Science for Business will help you appreciate the full benefits of data-driven decision making and teach you the business analytics tools and techniques you need to effectively build better business solutions and become a stronger manager.

"As I work for one of the biggest Fortune 500 SaaS organizations in the US in the sales department, this will leverage my conversations with my management teams to get a better understanding of my pipeline and ability to reach my targets, but also enhance my conversations with my customers to understand their backend of data and what methods they use to help improve their business for their bottom line. From there, as a trusted advisor, this will open doors to ask deeper and more insightful questions to see how I can best support them on their data journey to fully utilize their data with confidence."

For the 2023-2024 academic year, a Harvard MBA costs approximately $115,000. Of this, approximately $75,000 is tuition, with the rest of the costs related to health insurance, books, supplies, and housing."}},{"@type": "Question","name": "What GPA Is Required for Harvard's MBA Program?","acceptedAnswer": {"@type": "Answer","text": "Though Harvard does not say it requires a specific GPA for its MBA program, the class of 2024 had an average GPA of 3.70."}},{"@type": "Question","name": "Why Is Harvard Business School So Famous?","acceptedAnswer": {"@type": "Answer","text": "Harvard Business School is famous for many reasons. It offers students an exceptional education by some of the brightest people in their fields, the school has a large alumni network of graduates with prominent jobs in almost every industry, the school publishes well-respected research papers, and it is competitive, only accepting those with excellent academic and non-academic profiles."}}]}]}] Investing Stocks Bonds ETFs Options and Derivatives Commodities Trading FinTech and Automated Investing Brokers Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Banking Savings Accounts Certificates of Deposit (CDs) Money Market Accounts Checking Accounts View All Personal Finance Budgeting and Saving Personal Loans Insurance Mortgages Credit and Debt Student Loans Taxes Credit Cards Financial Literacy Retirement View All News Markets Companies Earnings CD Rates Mortgage Rates Economy Government Crypto ETFs Personal Finance View All Reviews Best Online Brokers Best Savings Rates Best CD Rates Best Life Insurance Best Personal Loans Best Mortgage Rates Best Money Market Accounts Best Auto Loan Rates Best Credit Repair Companies Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All LiveSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds ETFs Options and Derivatives Commodities Trading FinTech and Automated Investing Brokers Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard BankingBanking Savings Accounts Certificates of Deposit (CDs) Money Market Accounts Checking Accounts View All Personal FinancePersonal Finance Budgeting and Saving Personal Loans Insurance Mortgages Credit and Debt Student Loans Taxes Credit Cards Financial Literacy Retirement View All NewsNews Markets Companies Earnings CD Rates Mortgage Rates Economy Government Crypto ETFs Personal Finance View All ReviewsReviews Best Online Brokers Best Savings Rates Best CD Rates Best Life Insurance Best Personal Loans Best Mortgage Rates Best Money Market Accounts Best Auto Loan Rates Best Credit Repair Companies Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All EconomyEconomy Government and Policy Monetary Policy Fiscal Policy Economics View All Financial Terms Newsletter About Us Follow Us Table of ContentsExpandTable of ContentsHarvard Business SchoolSchool DetailsAcademic ProgramsCostAlumniFAQsThe Bottom LineCareersColleges & UniversitiesHarvard Business School OverviewByJason Fernando Full Bio Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems.Learn about our editorial policiesUpdated August 10, 2023Reviewed byColleen Ramos Reviewed byColleen RamosFull Bio Dr. Ramos works with leadership teams to hire talent that aligns with business strategies, creating alignment between selection and hiring. She helps unlock unique insights that facilitate high-performing teams that meet the organization's strategic goals. She holds a doctoral degree in Human Resource Development, a master's in Counseling Psychology, and certifications as a Gallup Strengths Coach, in Emotional Intelligence and holds her SHRM-CP.Learn about our Financial Review BoardFact checked byKirsten Rohrs Schmitt Investopedia / Yurle Villegas 17dc91bb1f