Informed by the efforts of AASU, HBS invested in outreach throughout the country. In 1971, HBS jointly established the Council for Opportunity in Graduate Management Education (COGME) with nine other leading graduate business programs. Funded initially by the Alfred P. Sloan Foundation, these schools agreed on a mandate to increase student diversity. Management Formation, Inc., headed by Ulric St. Clair Haynes Jr., a former visiting lecturer at HBS, consulted on the endeavor. Its subsequent report was authored by AASU founding member E. Theodore Lewis Jr. (MBA '69). COGME funded the educational endeavors of nearly two thousand African Americans and other non-white MBA students for almost two decades.23
Summer Venture in Management Program (SVMP)
The HBS Summer Venture in Management Program (SVMP), established in 1983, continues today. SVMP began as a joint enterprise of HBS, the Executive Council of the Harvard Business School Association, the Harvard Business School Black Alumni Association , and corporate sponsors. During a one-week residency at HBS, college seniors from underrepresented groups in business education become acquainted with the challenges and opportunities presented by a career in business. Professor James L. Heskett spearheaded the SVMP initiative and served as its first faculty chairman. Dean John McArthur, Associate Dean Dean Currie, Associate Professor James I. Cash Jr., and Director of Admissions John Lynch also played a vital role in the creation and early success of the program. By 1990 around five hundred students had attended SVMP.24