History of business Essay Example | Topics and Well Written Essays - 2000 words

History of note - Essay ExampleIn the next segment, historical perspectives of marketing, consumerism and entrepreneurship bring in been discussed. Further by discussing the impact of technology, changing nature of work and the concept of deindustrialization, an attempt has been made to play up the historical evolution and portrait of the current business scenario.The term is specially referred to huge sized organizations or multinational businesses either in individual or collective sense. Today Microsoft, Google, General Motors, and Wal-Mart are prima(p) organizations that are the leading Big pipelinees.The term came on the horizon just after the American elegant War along with the combination movement when the US Congress passed the legislation to allow the individual business entities to form up corporations. From 1895 to 1905, small organizations or firms took benefits from new legislation and consolidated into huge corporation finished mergers and acquisitions processes. During the early phase of the Big Business, the US government had a lenient policy toward the business. Along with oversize public opinion, the government also believed on the laissez-fair theory that demands big economic markets without the government intervention. Therefore free developing market environment created a competition that led to fair prices for consumers. But it was a fly-by-night phase. Within few years, these corporations became dominant on the American industries. They quickly gained control of all the aspects of the market of their individual industry and set new business trends and American life styles. Such corporations and their owners became exceedingly rich and authoritative mostly at the cost of numerous poor workers. For example during that era, Andrew Carnegies Carnegie Steel, John D. Rockefellers mensuration Oil Company, J.P. Morgans Banking House, and Cornelius Vanderbilts New York Central Railroad System were the leading Big Business organization s. The owners of Big Business were