In late 1980s, there is a round table discussion about the business history'. The discussion focuses on the need of business history for the development of the current business. To effectively evaluate the historians that have long studied business history, one must first come to an understanding of what business history is and how it became a field of study unto itself.
The founding of Business History as an individual, academic pursuit would be credited to Wallace B. Donham.
The business education was originated since the Second World War and it was credited to the United States. Many business schools of United States added business history in there academic programs.
The Europe is credited to have produced the first work on company history.
In India business education rooted in 1960s and Indian Institute of Management (IIM), Ahmedabad, was the first to implement this.
This report describes about the business history i.e. why business history is needed and what the importance of business history is.
The need of business history in current business history is very much.
Through the study of company's business history the company could recognize the mistake made in previous business and can make suitable and efficient changes from the previous style of business and can recognize the error in the previous business.
Study of business history helps to analyses the error done in previous business.
It also helps to regain industrial and managerial techniques.
The value of management/business history has long been recognised and effective work towards business history stared in the late 90s. The business history helps to develop the business and economy in a great extent.
Table of Content
History of Business History.
Origin of business.
Business History State in India.
The Emergence of Business Education.
Why Needed Business history?
Importance of Business History.