Why Harvard Business school is the best in the world ?

Harvard Business School (HBS) was established in 1908 as Harvard Graduate School of Business Administration. It was the world's first business school to offer a Master of Business Administration (MBA) degree.

The school was founded by a group of Harvard professors who believed that management could be taught and studied as a science. They developed a new teaching method called the case method, which is still used at HBS today. The case method involves students discussing and analyzing real-world business cases in order to learn management principles and practices.

HBS quickly became one of the leading business schools in the world. Its graduates went on to become some of the most successful business leaders in history, including CEOs of Fortune 500 companies, entrepreneurs, and government officials.

HBS has continued to innovate and evolve over the years. In the 1950s, the school began to offer executive education programs for experienced managers. In the 1970s, HBS established a doctoral program in business administration. And in the 1990s, the school launched a global initiative to expand its reach and impact around the world.

Today, HBS is one of the most prestigious and selective business schools in the world. It offers a variety of degree and non-degree programs, including the MBA program, the Doctoral Program in Business Administration, and the Executive Education program. HBS also has a number of research centers and institutes that study a wide range of business topics.

HBS has had a profound impact on the business world. Its faculty have developed and disseminated many of the leading management theories and practices that are used by businesses today. And its graduates have gone on to lead and manage some of the most successful businesses in the world.

Here are some of the key milestones in the history of Harvard Business School:

• 1908: Harvard Business School is founded.
• 1910: HBS becomes a separate administrative unit of Harvard University.
• 1922: HBS establishes its Doctoral Program in Business Administration.
• 1924: HBS moves to its current campus in Boston, Massachusetts.
• 1945: HBS launches its Advanced Management Program, its first executive education program.
• 1959: HBS begins to admit women to its MBA program.
• 1970: HBS opens its Baker Library/Bloomberg Center, one of the largest and most comprehensive business libraries in the world.
• 1995: HBS launches its Global Initiative, which expands the school's reach and impact around the world.

HBS continues to be a leader in business education and research. Its faculty and graduates are at the forefront of developing new and innovative ways to manage businesses in a rapidly changing world.

Harvard Business School (HBS) is the most respected business school in the world for a number of reasons, including:

• Academic reputation: HBS is consistently ranked as one of the top business schools in the world. In the 2023 QS Global MBA Rankings, HBS is ranked #1.
• Alumni network: HBS has a powerful alumni network that includes some of the most successful business leaders in the world. HBS graduates often go on to work at top companies in a variety of industries.
• Case study method: HBS uses a unique case study method of teaching. This method forces students to think critically and solve real-world business problems.
• Location: HBS is located in Boston, Massachusetts, which is a major center for business and finance. This gives HBS students access to a wide range of opportunities, including internships and jobs.
• Brand recognition: HBS is one of the most recognizable brands in the world. A Harvard MBA degree is highly valued by employers and can open doors to many career opportunities.
• Creative original management ideas : Many of the original management ideas and concepts have originated from HBS classrooms like given here.

Besides being a pioneer in management education and research for more than a century, Harvard Business School has seen many innovative teaching styles and concepts being introduced to the world. Some of the original management concepts that have originated from Harvard Business School include:

• The case method of teaching: This method is based on the idea that students learn best by studying and discussing real-world business cases. The case method was first developed at Harvard Business School in the early 1900s and is now used in business schools all over the world.
• Management as a science: Harvard Business School professors were among the first to view management as a discipline that could be studied and improved using scientific methods. This led to the development of new management theories and practices, such as Frederick Winslow Taylor's scientific management and Alfred P. Sloan's divisional structure.
• The professionalization of management: Harvard Business School played a key role in establishing management as a profession. The school's MBA program was one of the first to teach students the skills and knowledge they needed to be successful managers.
• The importance of corporate social responsibility: Harvard Business School professors were among the first to argue that businesses have a social responsibility to their employees, customers, and communities. This led to the development of new concepts, such as stakeholder management and sustainable business.

In addition to these general concepts, Harvard Business School faculty have also developed a wide range of specific management theories and tools, such as:

• Porter's Five Forces of Competition: This framework helps businesses understand their competitive landscape and develop strategies for success.
• The Balanced Scorecard: This performance management system helps businesses track their progress towards strategic goals.
• The Value Chain: This framework helps businesses identify and create value for their customers.
• The McKinsey 7S Model: This framework helps businesses align their strategy, structure, systems, staff, skills, style, and shared values.
• Blue Ocean Strategy: This framework helps businesses create new markets where competition is less intense.

These are just a few of the original management concepts that have originated from Harvard Business School. Harvard Business School faculty continue to develop new and innovative management theories and practices that help businesses succeed in a rapidly changing world.

In addition to these reasons, HBS is also known for its innovative and cutting-edge curriculum. The school offers a variety of courses and programs that are designed to prepare students for the challenges of the modern business world. HBS also has a strong focus on social responsibility and ethical leadership.

Overall, HBS is a world-class business school that offers students a unique and valuable educational experience. It is no wonder that HBS is the most coveted business school in the world.

P.S.: my sister and b-I-law being Harvard executive alumni have stronly influenced this writeup ..