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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