Why is the study of historical management theory important for a manager in today's business environment?

Knowledge gained through past experience can and should be used as a foundation for future success, especially because of complex and changing problems and opportunities facing today's organisations. For example, Mary Follett advocated cooperation and better horizontal relationships in organisations, taught respect for the experience and knowledge workers, warned against the dangers of too much hierarchy, and called for visionary leadership. Management can be traced as far back as 5000BC as when it was important to construction of the Egyptian pyramids, the rise of Roman Empire and the commercial success of 14thVenice.