Why studying management history is important?

because is help understand today's management theory and practice. Moreover, it helps us see what did and did not work in the past.

For lesson learnt, continous improvement and decision making.

Management studies with out historical review will be more complicated, and less chance of understanding. The management History studies give clear vision of the basics of the management techniques, and clear answer of What/Way for each development process in management methodologies, tools, and techniques.