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By Melvin Thomas Copeland, Stanley F. Teele

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The School. given by was given as a separate course for only the Dean, because of Faculty exigencies, 1916-1917 took over the leading role of instruction in Business Policy. As Mr. Social Factors in Business one year. In Shaw took on new was his wont, his assistant, Dr. Martin, had borne more and more of the responsibility for Business Policy until in 191 5- 1916 he was in full charge. Dr. Martin, however, resigned from the Faculty in 1916 and, as there was no one interests, as else available to take over the Policy course, Dean Gay stepped into the gap despite his heavy administrative burdens and his continuing work in Economic History in Harvard College.

By 1908 the typical firms in many industries had grown to a size which required the setting-up of administrative organizations; they had outgrown the one-man, owner-manager stage. Such administrative organizations needed staffs of competent men, with a capacity for analysis and a broad outlook, who could base their business decisions on a comprehensive understanding of the many factors which commonly were economic and social as well as technical. Comprehensive methods of accounting for corporate affairs were being developed to supplement the earlier book- involved, factors New production ideas, notably the "Taylor scientific factory management, were coming of so-called system" into greater vogue.

Such insistence reflected the be- business administration was a serious matter and for proper conduct required the services of and an inclination for learning. men its with breadth of view One of the circumstances which had induced President Eliot to with the project of founding the Harvard Business School ahead go was his observation that so many college graduates were then going into business. " College graduates, in other words, no longer were entering chiefly the ministry, law, medicine, or education.

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And mark an era;: The story of the Harvard Business School by Melvin Thomas Copeland, Stanley F. Teele

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