In Salem, Massachusetts, where I live, the National Park Service will a great job on the waterfront talking concerning maritime trade and what that business meant to Salem and the nation. To assist tell the story, they use their duplicate 18th-century ship, Friendship, a warehouse where imported merchandise were stored for weighing and measuring, the Custom House where financial and legal transactions occurred, a dry goods store where items were sold, and the house of America's first millionaire, Elias Hasket Derby, where the results of wealth gained from maritime trade are on display. Nice stuff! But what regarding nowadays's business? Some older businesses, particularly those located in historical communities, understand when they were founded and they will celebrate their anniversary in some way. However the "celebration" is typically restricted to a new tag line for the letterhead or advertisements. They extremely could go a heap any! Soucy Insurance Agency in Salem, Massachusetts, for instance, turned one hundred years old a number of years ago. It's a family owned business that's still owned by the identical family. Rather than just adding a tag line or throwing a celebration, the owner acquired thorough research on his family and business, created a lobby show and brochure, added a history section on his company web site, and published his story (with nice historical photos) in native newspapers. What a nice plan! If you had to choose an insurance agency, would not you respond a lot of to a corporation that presents this sort of company temperament? I certain would. When a corporation understands and promotes its history, its efforts really do add value. Its historical story strengthens the emotional bond it has with its customers, which is what every business wants. Whether or not a business isn't one hundred or additional years old, it can still celebrate milestones - today, even five years is an accomplishment! And this business could suppose beyond its own history and ask queries like: • What's the history of my trade? • How will my business match into that history? • What does my trade mean to my community? • What will my business mean to my community? The business could work with its native historical society or public library to seek out answers to these queries, and publish a writing within the historical society's newsletter. It might sponsor a speak on the subject, create the sorts of materials Soucy Insurance did, and send data to history- and business-related organizations and websites domestically, statewide, and beyond. It might very use the anniversary to decision attention to itself. Individuals who live in an exceedingly historical community LOVE their native history. They also tend to be well educated and well off. A business that's in touch with its history - and how its history factors into the community's history - would impress these folks and attract new customers. The business would raise its stature and set itself except for its competitors. It will surely get my attention, and my business. I very do assume that business history deserves a lot a lot of "press" than it gets. After all, the wealthiest nation in the globe was created by thousands of people who built businesses for centuries. I notice the changes in business, technology, population, and therefore on fascinating. I additionally think it's fun to seem at the same industry then and currently - banking, insurance, the law, retail, restaurants. What has modified and why? And then, what hasn't modified? It's fun stuff, and I'd love to work out more businesses embrace history and teach us all something we don't know.
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Harvard University has a whole library dedicated to business history. It's the Baker Library, located near the Harvard Business Faculty campus. It's a fabulous place, crammed with fascinating info and experienced librarians. As a historian and someone who has perpetually lived in historical communities, I am typically struck by how very few folks "do" business history.
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