Evolution of Modern Business Management

This article revisits the origin and growth of business management and its trends. It traces its history from the days of Koutalya of Pataliputra to the modern IT growth management through the Microsoft cloud computing. In Indian chronicle the growth of the branch of study since 1920s. After our independence emphasis shifted to human values and productivity through people. In recent times, HRM is transforming itself to Human Capital Management in Business Management. Globalization has reasonable influence on the Business Management functions. In the Information Technology age the business environment faces many potential challenges and it is compelled to respond suitably. In the age of information flooding the companies are no longer having the luxury of ‘information float’ but it is compelled to respond suitably. The solution to this is Cloud computing-general term for anything that involves delivering hosted services over the Internet.