From the Editors. A Less Ferocious Beast. In Harvard Business Review's first issue in 1922, Wallace e. Donham noted that for business to be anything more than "a pathetic gamble," managers must learn from one another's experiences and, in the process, build a more rational foundation for our business system. Today, as we celebrate HBR's 8oth anniversary, we reflect on how the profession of management has shaped commerce and society.