Dear Alumni and Friends,

As I reflect on the past year, I am struck by a sense of new beginnings. Even an institution with a 100-plus-year history must strive to anticipate and adapt to change—whether in management education, in the practice of business, or in the broader global context—and Harvard Business School is taking important steps to ensure not just its relevance but also its continued leadership.

You can experience this visually as you walk around the HBS campus. In recent years, we have invested significantly in enhancing the residential and learning environment. One key aspect of this was the reshaping of our Executive Education facilities, which included the addition of Tata Hall (providing important living and classroom space) and the Ruth Mulan Chu Chao Center (which quickly has become a vital hub of activity for the entire community), as well as the renovation of Esteves Hall. Our work also
includes the build-out of the Harvard Innovation Lab ecosystem, which now includes, in addition to the i-lab, both the alumni Launch Lab and the new Pagliuca Harvard Life Lab. And this past year we celebrated the topping off for Klarman Hall, slated to open in fall 2018, which will be a remarkable new convening space for the School.

Another area where we have invested significant energy is in developing our relationship with the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS), in anticipation of the School's opening its new facility in Allston in 2020. Last spring, the HBS and SEAS faculties voted to approve two new programs: a joint MS/MBA degree and an online certificate program in business analytics. These efforts reflect the increasing intersection of business, engineering, entrepreneurship, and technology (including big data), and I am delighted to see our students, faculty, and alumni engaging in this arena to push our understanding forward.

Finally, we continue to refine and enhance—so that we can deliver at the highest levels of excellence—our core programs, from FIELD and new capstone offerings in the MBA Program to a dynamic suite of focused programs in Executive Education to curriculum review in the Doctoral Programs to new courses on the HBX platform.

Much of this has been enabled by the incredible support we have received from alumni and friends of the School in conjunction with The Harvard Business School Campaign, which continues through June 2018. I am deeply grateful for the engagement that the Campaign has generated in the School's efforts and for the faith it represents in our strategy.

I encourage you to learn more about the School's activities during 2016–2017 in the following pages.

Thanks to all of you who bring to life the HBS mission of educating leaders who make a difference in the world, each and every day.

Nitin Nohria
Dean of the Faculty