The purpose of an organization is to enable ordinary humans beings to do extraordinary things.
Peter DruckerRead
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Interpretation
What this quote means
Innovation is essential for entrepreneurship and creates new opportunities for generating wealth.
In this quote, Peter Drucker emphasizes the critical role of innovation in entrepreneurship. He suggests that innovation not only transforms resources but also enhances their ability to generate wealth, highlighting how creative thinking and new approaches are fundamental to establishing successful business ventures.
Themes
InnovationEntrepreneurshipWealthResourcesChange
In practice
Example use cases
In a business seminar, to illustrate the importance of creativity in growing a startup.
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Similar quotes
Companies over-emphasize idea generation and under-emphasize idea execution when it comes to innovation.
Vijay GovindarajanRead
Japan's very interesting. Some people think it copies things. I don't think that anymore. I think what they do is reinvent things. They will get something that's already been invented and study it until they thoroughly understand it. In some cases, they understand it better than the original inventor.
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Innovation comes ultimately from a diversity of perspectives. So when you combine ideas from different industries or different cultures, that's when you have the best sense of developing groundbreaking ideas.
Frans JohanssonRead
I believe we are in a world where innovation in stuff was outlawed. It was basically outlawed in the last 40 years - part of it was environmentalism, part of it was risk aversion.
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The thing about inventing is you have to be both stubborn and flexible. The hard part is figuring out when to be which.
Jeff BezosRead
Creativity is every company's first driver. It's where everything starts, where energy and forward motion originate. Without that first charge of creativity, nothing else can take place.
Nolan BushnellRead