There is another innovation at Harvard which I think made a tremendous difference and that is the decision to try to recruit the very best person in the field for an available faculty position. In the period after World War II Harvard literally engaged in world-wide searches for the very best and created a culture in which it was simply unacceptable to hire friends and associates, to make decisions based on personal affections or inclinations.

But, before we in America critique East Asia, we must also recognize that we are - unfortunately - taking on some of the same characteristics. Getting in the top institutions has become far more difficult and the value placed on one school over another in terms of education and careers has been much exaggerated.

I would not say that Harvard possesses any sort of absolute dominance. And I personally do not take the rankings of schools all that seriously. However, I think that Harvard's global visibility increased significantly in the 1930s and 1940s and that the new commitment to excellence at Harvard spread to other institutions.

Never underestimate the difficulty of changing false beliefs by facts

I focus on faculty, as opposed to facilities, budgets, endowments or students. I do so because I believe, based on many decades of work as a teacher, a scholar and an administrator, that the quality of the faculty determines the quality of the university. Everything else flows from the quality of the faculty. If the faculty are good, you will attract good students and you will have alumni who will raise funds for you.

Public image is extremely important in American society and I observed personally that the Presidency of John F. Kennedy did much in the public mind for Harvard. Harvard was an excellent school before Kennedy, but Kennedy embodied a new vision for the United States: a leader who caught the world's imagination and that reflected on his alma mater, Harvard.

The president [of American research institute] can act as the CEO and make a firm decision about the long-term development of the institution, but he or she does so in constant consultation with the faculty. It may not always work this way, but the greatest advances occur when governance is truly shared.