The East India Company

The East India Company

Introduction

In 2011, the Economist published a brief article regarding the East Indian Company, a company that had made its mark in the world of business and yet transformed the prevailing trends in the business world. The East India Company initiated the concept of company men and most acutely, it was the foremost “state backed” company to mark its existence on the planet. It was because of these establishments of the East India Company that the world changed to a great extent in the sense of trade and business and the new modern world began. (www.britannica.com).

Synopsis

The core perspective with which the Economist has published this article is that this piece of writing would lend a hand towards state funded firms for learning from the foremost and the supreme of them all; for the reason that because international commerce is once more becoming forced up with the state sponsored firms. The East India Company doled out as the underpinning to the notion of state sponsorship in the business world. Almost twenty years ago, the commanding heights of economy were deserted by the regime in the name of deregulation and privatization subsequent to which these state sponsored organizations had appeared to be damned. Nevertheless, these are prosperous in pulsating economies of the burgeoning world and tramping out onto the worldwide arena. Therefore, The Economist prospects to give lessons to the organizations of today's world and also contemplates their imminent, by writing out regarding the progress, stability and disgrace of the East India Company. This article imparts lessons to government sponsored companies of the modern world regarding the benefits of linking the interests of a company's to those of a nation and further about the perils of doing so (www.economist.com).

The East India Company was keen to assume itself as ...