Entrepreneurship developing its own management
science
In 1602, the Dutch East India Trading company formed the
world’s first multinational corporation. Around three hundred
years later Frederick Taylor, Henry Ford, and Alfred Sloan
invented the foundations of modern Management Science and
disseminated this knowledge in Business schools and MBA
programs throughout the world. The first wave of Information
Era venture backed software companies began in the 1970’s. For
the first few decades many entrepreneurs and investors in the
startup community misapplied the formalized lessons they had
learned in business school to the startups they were running.