For Immediate Release: February 21, 2007

Contacts:	Jim Aisner, jaisner@hbs.edu, (617) 495-6157

HARVARD BUSINESS SCHOOL FACULTY MEMBERS HONORED

BOSTON - A number of Harvard Business School Professors have recently won prestigious awards and other recognition from a wide variety of organizations:

• Max H. Bazerman, the School’s Jesse Isidor Straus Professor of Business Administration, has received the 2006 Lifetime Achievement Award from the Aspen Institute’s Business and Society Program. An international nonprofit organization dedicated to fostering enlightened leadership, the Aspen Institute, through its Faculty Pioneer Awards, recognizes exceptional professors who are leaders in integrating social and environmental issues into their teaching and research. Bazerman’s work focuses on decision making in negotiation and on improving decision making in organizations, nations, and society. He is the author, coauthor, or editor of 16 books and more than 180 research articles and chapters. He is also the recipient of numerous other honors, including, most recently, an honorary doctorate from the University of London (London Business School) and the Kulp-Wright Book Award from the American Risk and Insurance Association for Predictable Surprises: The Disasters You Should Have Seen Coming, and How to Prevent Them (Harvard Business School Press).
  
  
• From Resource Allocation to Strategy (Oxford University Press), coedited by Joseph L. Bower, Donald Kirk David Professor of Business Administration, has been named the best management book of 2006 by Strategy + Business magazine. The culmination of research Bower pioneered more than three decades ago, the book examines "how managers actually develop organizational strategy rather than how they ought to develop it." According to the reviewer, the glittering array of contributors to this volume "make a compelling case that executives can shape the bottom-up processes whereby strategies are defined and selected by making changes to the structure of the organization."
  
  
• Managing Customers as Investments: The Strategic Value of Customers in the Long Run (Wharton School Publishing), coauthored by Sunil Gupta, the School's Edward W. Carter Professor of Business Administration, has received the 2006 Berry-AMA Book Prize from the American Marketing Association as the best book in marketing reviewed that year. According to the AMA, the book brings together both customer and financial views of marketing, demonstrating a rigorous yet simple approach to measuring the value of customers, and explaining how the results can be used to improve marketing decisions and return on investment.
  
  
• MBA Class of 1961 Professor of Management Practice Emerita Myra Hart, along with the four other members of the Diana Group, a team of women from several institutions who work together to investigate the unique challenges and opportunities of female entrepreneurs, has received the 2007 FSF-NUTEK Award, an international prize for research on entreneurship and small business. It is given annually by the Swedish Business Development Agency and the Swedish Foundation for Small Business Research (FSF). Together, these researchers have published more than 150 articles, book chapters, and papers on entrepreneurship, including over 35 on women's entrepreneurship. Their most recent book is Clearing the Hurdles: Women Building High-Growth Businesses (Financial Times Prentice Hall).
  
  
• Baker Foundation Professor Robert S. Kaplan has joined the select group of academic, business, and government experts who have been elected to the Accounting Hall of Fame. Kaplan was lauded as an “accounting scholar of international acclaim [who] has given new life to cost accounting and revitalized the role of accounting in business management and strategic planning.” Established in 1950 at Ohio State University’s Fisher College of Business, the Accounting Hall of Fame now comprises 80 honorees chosen annually by the organization’s international board of electors.
  
  
• Tarun Khanna, an authority on strategy and emerging markets and the School's Jorge Paulo Lemann Professor, has been nominated as a Young Global Leader 2007 by the World Economic Forum. The honor, bestowed annually, recognizes a group of 250 top leaders in business, government, academia, and the media--all below the age of 41--for "their professional accomplishments, their commitment to society, and their potential to contribute to shaping the future of the world." This year's group was chosen from a pool of more than 4,000 candidates.
  
  
• Redefining Health Care: Creating Value-Based Competition on Results (Harvard Business School Press), by Michael E. Porter, the Bishop William Lawrence University Professor, based at Harvard Business School, and Elizabeth Olmsted Teisberg, a Senior Institute Associate at the School’s Institute for Strategy and Competitiveness and an associate professor at the University of Virginia’s Darden School, has been awarded the 2007 James A. Hamilton Award by the American College of Healthcare Executives (ACHE). Given annually, the award honors a management or healthcare book deemed most outstanding. Redefining Health Care presents a new model for the ailing U.S. health care system that focuses on improving value for patients as measured by health outcomes per dollar expended.
  
  

About Harvard Business School
Founded in 1908 as part of Harvard University, Harvard Business School (www.hbs.edu) is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 40 Executive Education programs. For almost a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business around the globe.