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Management article
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Reference no. 86109
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1986
Length: 7 pages
Topics: Business history;

Abstract

History can be a benefit to businesspeople. This larger perspective can help executives form a relevant corporate vision or philosophy. It can point to patterns and trends, make forecasting easier, convince managers that their decisions are not trivial or insular, and help them find some continuity in the chaotic, seemingly random pace of daily life. But managers who learn from history must never rely on it for answers or formulas. From history managers can learn to appreciate ambiguity and to make relevant decisions based on experience while looking ahead. This roundtable discussion was edited by Alan M. Kantrow.

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Abstract

History can be a benefit to businesspeople. This larger perspective can help executives form a relevant corporate vision or philosophy. It can point to patterns and trends, make forecasting easier, convince managers that their decisions are not trivial or insular, and help them find some continuity in the chaotic, seemingly random pace of daily life. But managers who learn from history must never rely on it for answers or formulas. From history managers can learn to appreciate ambiguity and to make relevant decisions based on experience while looking ahead. This roundtable discussion was edited by Alan M. Kantrow.

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