Historical firms are businesses that have played significant roles in shaping industries or economies over time. These companies often have rich legacies, contributing to technological advancements, cultural shifts, or economic growth. Examples include Ford Motor Company, which revolutionized automobile manufacturing, and IBM, known for its innovations in computing. Many historical firms have adapted to changing markets while maintaining their core values. They often serve as case studies in business education, illustrating lessons in management, innovation, and resilience. Their histories provide insights into the evolution of commerce and the impact of entrepreneurship on society.