RiseUpp Logo
Educator Logo

Evolution of Business and Markets

Examining the evolution of commerce, trade patterns, and market structures from ancient civilizations through modern global business ecosystems.

Examining the evolution of commerce, trade patterns, and market structures from ancient civilizations through modern global business ecosystems.

Dive into the fascinating journey of how businesses and markets have evolved over time with this comprehensive course from IIMBx. Discover the role of networks, institutions, culture, and technology in shaping the business landscape. From medieval merchant guilds to modern multinational corporations, you'll explore the historical emergence of impersonal markets and their impact on traditional business systems. This course offers a unique perspective on economic development, focusing on overcoming information asymmetry and moral hazards, and includes a special case study on India's economic evolution.

Instructors:

English

English

Powered by

Provider Logo
Evolution of Business and Markets

This course includes

6 Weeks

Of Self-paced video lessons

Beginner Level

Completion Certificate

awarded on course completion

16,041

What you'll learn

  • Understand the role of dense relationship networks in traditional business structures

  • Trace the formalization of business from craft guilds to modern formal markets

  • Analyze how social structures influence market growth and development

  • Gain a historical perspective on market evolution and its driving forces

  • Evaluate the impact of institutions, culture, and technology on business development

  • Explore the evolution of firms from individual merchants to multinational corporations

Skills you'll gain

Business History
Market Evolution
Economic Development
Institutional Economics
Cultural Influences
Technological Impact
Network Analysis
Corporate Evolution

This course includes:

PreRecorded video

Graded assignments, exams

Access on Mobile, Tablet, Desktop

Limited Access access

Shareable certificate

Closed caption

Get a Completion Certificate

Share your certificate with prospective employers and your professional network on LinkedIn.

Certificate

Top companies offer this course to their employees

Top companies provide this course to enhance their employees' skills, ensuring they excel in handling complex projects and drive organizational success.

icon-0icon-1icon-2icon-3icon-4

There are 7 modules in this course

This course offers a comprehensive exploration of the historical evolution of businesses and markets. It covers a wide range of topics, from the persistence of merchant guilds in medieval Europe to the emergence of modern impersonal markets. The curriculum is structured around six themes, each focusing on different aspects of business and market evolution. Students will learn about the role of networks and hierarchies in shaping traditional and modern businesses, the historical progression from individual merchants to multinational corporations, and the impact of formal institutions, trust, and culture on business development. The course also examines how businesses have overcome challenges like information asymmetry and moral hazards. Special attention is given to the influence of communication, transport, and mass-media technologies on market evolution. The course concludes with a focused study on India's economic development, providing a practical case study to reinforce the concepts learned.

Welcome to the Course

Module 1 · 3 Hours to complete

Evolution of Business

Module 2 · 3 Hours to complete

Transformation of Business

Module 3 · 3 Hours to complete

Evolution of Markets

Module 4 · 3 Hours to complete

Democratized Markets

Module 5 · 3 Hours to complete

Forces of Evolution

Module 6 · 3 Hours to complete

India as a Case

Module 7 · 3 Hours to complete

Fee Structure

Instructor

Distinguished Economic Historian and Strategy Scholar

Prateek Raj serves as Assistant Professor of Strategy at IIM Bangalore, where he leads the Inclusive Markets Lab studying the evolution of free and inclusive markets. After earning his BTech from IIT Delhi and PhD in Management from University College London, he has established himself as a leading voice in institutional economics and market evolution. His career includes roles as Research Associate at University of Chicago's Stigler Center, Visiting Pre-Doctoral Fellow at Northwestern's Kellogg School of Management, and operations consultant in the metals and mining industry. Through his research on historical evolution of institutions like caste and guilds, and the role of information technology in developing impersonal markets, he continues to influence understanding of market development. His contributions include developing MOOCs on business and market evolution, teaching Strategic Stewardship at IIMB, and co-founding initiatives like Project Chhaav, which provided healthcare support during the COVID-19 pandemic. As coordinator of IIMB's strategy PhD program and co-chair of the India Strategy Conference, he advances scholarship while promoting inclusive market development.

Evolution of Business and Markets

This course includes

6 Weeks

Of Self-paced video lessons

Beginner Level

Completion Certificate

awarded on course completion

16,041

Testimonials

Testimonials and success stories are a testament to the quality of this program and its impact on your career and learning journey. Be the first to help others make an informed decision by sharing your review of the course.

Frequently asked questions

Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.