From ArticleWorld

The most happening magazine that contributes to the updating and upgrading of society is Business Week. Founded in 1929 under the direction of the president of McGraw-Hill publication house, Malcolm Muir started this magazine which has changed the outlook of the business world. Their up-to-date, impersonal information about the business world around the globe to the common masses has made people aware of business events and the economic conditions in and around the world. This has brought the masses to take part in the business world by reading the business news weekly.

This new awareness is necessary to improve and develop the economic growth of all the countries.

Apart from delivering current news on business matters, members of Business Week have initiated a lot more in the basic development of society. Some of them are discussed below:

Ranking of top MBA schools of the U.S.A

Involving themselves in the task of producing eligible Management students, this magazine began rating the leading business schools of the U.S.A. so that the best schools are given acknowledgement and the poorer ones are degraded to lower ranks. Thereafter, it has become famous for its gradings on MBA schools, with people relying on their objective and close scrutiny of each school.

This task was taken up in 1988, as the body of professionals graded each B-school every 2 years. Up to today the practise is in full force, with grading having become more rigorous with time and improved. Between the rankings, these B-schools try to improve on their infra-structure, updating their curriculum and trying to attract lost recruits so that they may climb to the top of the chart. Thus, through such an innovative idea, Business Week has prompted the significant move upwards of B-schools.

Industrial Design Excellence Awards, 2005

Receiving an Industrial Design Excellence Award is among the most prestigious of honors for a company or individual. In 2005, Business Week gave out Industrial Design Excellence Awards to all the leading men and companies who are running ahead of their competitors in their respective fields. It is of great prestige and dignity in the business world to be awarded by the 'Idea' jury, and achievement of such a distinction brands one the best in the world. The areas in which the awards are judged and given are:

  • On business and industrial products.
  • Computer equipments.
  • Consumer products.
  • Digital Media.
  • Designing.
  • Scientific and Medical equipments.
  • Environment.
  • Furniture.
  • Student Designs.
  • Transportation.
  • Research, and many others.