Why history matters

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If the quality of executives’ judgment is to improve and if executives are to be able to draw with confidence an intelligence on the experience of others, they must first know how to read the lessons embedded in that experience. In what fashion has the impulse to view future conditions as a simple extrapolation of present trends played havoc with today’s decisions? Huge amounts of what people learn is drawn from the past that has not been forgotten. History can be the vital thread that holds a nation together, as demonstrated most strikingly in the case of Jewish history. It is the same kind of problem we have had before.” It took shock treatment, specifically in the form of miserable earnings reports, to get management to believe that it really was a big problem.You know, when I came back to teaching, it had been 25 years or so since I had left the Business School, and during the time I was away I did not have much contact with the student body.

I am quite astonished that no one has commented on the importance of Dr. Lerner's book. The decision points entirely in the wrong direction. I cannot recommend Gerda Lerner's book highly enough. Instead, it is the ability to keep a firm footing within history's rollercoaster that is so important. The metaphor is not one of fixation, like dropping an anchor or trying to halt the flow of time. Rockefeller made a lot of individual decisions, day by day, which in total enabled him to become a billionaire at a time when the gross national product of the United States was something like Policies change as frequently as markets do. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading.After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in.After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. The first nine pages spell out the underlying assumptions in detail because the answers on the last pages all look so very precise, so real. And it exemplifies a certain no-nonsense approach of the stereotypical go-ahead businessman, unwilling to be hide-bound by old ways.

It is as natural as breathing." A changed competitive world has made answering these, and many other such questions, a matter of no small urgency.On this task, the study and teaching of history have helped shed much light. Hence my twin maxims, If educational systems do not provide a systematic grounding in the study of History, then people will glean some picture of the past and the role of themselves, their families, and their significant associations (which include everything from nations and religions to local clubs and neighbourhood networks) from a medley of other resources – from cultural traditions, from collective memories, from myths, rumours, songs, sagas, from political and religious teachings and customs, from their families, their friends, and from every form of human communication from gossip to the printing press and on to the web.People do learn, in other words, from a miscellany of resources that are assimilated both consciously and unconsciously. Actually, Ford's original comment was not so well phrased and it was a journalist who boiled it down to three unforgettable words.

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Why history matters

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