Question

How is the method of history useful in the research of management studies?

Answer 1

1. Management studies include the study of various factors involved in the chain of production, like the means of production, human resources, processes of production, the chain of market & sales management, etc. In order to understand these factors, it is necessary to have knowledge of similar functional systems of the past.
2. The psychological character of people working at various levels in the chain of production and marketing is dependent on the understanding of the social and economic institutions that support the industrial and commercial processes.