An Indepth Look Into Business Depth in the Market Place

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.

•Conclusion.

The contribution made by knowledge of history and development of business to understanding business today. History of Business History

History is the study of the past using written records or, chronological record of the past. It is a process that explains and narrates the contents and find out the possibilities hidden in those contents. History is what, that helps to point out the future and helps to shape it.

Understanding history is an important part of managing. Business history is to put modern business in context and right perspective. It is based on researches and efforts.

The term ‘business history' was suggested by Wallace B. Donham, Dean of Harvard University, graduate school of business (1919 to 1942) (Historiography of Business History, 2004). The founding of Business History as an individual, academic pursuit would be credited to Wallace B. Donham.

According to the Business History Review, there are many factors that come together to create the field of study known as ‘business history', which have been formulated and speculated upon for most of the twentieth century.

The emergence of business history as a distinct identifiable branch of learning in business education is a recent development. The business past began to attract meaningful attention only after business education had attained a degree of maturity. Aspects looked at specifically by the Business History Review are the development of administrative methods, the growth of marketing and investment banking in...