Why do universities have business schools?

Written by Ashwin Rattan Sunday, 11 March 2012 22:12
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In 2008, Harvard Business School celebrated its 100th birthday. Harvard’s year-long centennial culminated in a two-and–a-half-day global summit in which more than 2000 business leaders, alumni, academics and a select group of invited journalists from around the world gathered to discuss the School’s contributions to American business.

Moreover, in recent years the school had broadened its mission to include not only preparing managers but also producing leaders for society.

The nation’s first twenty-first century president, George W. Bush, was a Harvard Business School graduate. President Bush had taken special pride in describing himself as an MBA president, and had appointed many Harvard Business School alumni to his administration, including Henry Paulson at Treasury; Elaine Chao at Labor; Christopher Cox as commissioner at the SEC, and Paul Bremer as the first U.S. administrator of post-war Iraq.

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