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
Predicting innovation is something of a self-canceling exercise: the most probable innovations are probably the least innovative.
P. J. O'RourkeRead
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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The way innovating companies are designed leaves ambiguities, overlaps, decision conflicts or decision vacuums in some parts of the organisation. People rail at this, curse it-and invent innovative ways to overcome it.
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The culture is what creates the foundation for all future innovation. If you break the culture, you break the machine that creates your products.
Brian CheskyRead
For a long time, I've ranted against naming your startup community 'Silicon Whatever.' Instead, I believe every startup community already has a name. The Boulder startup community is called Boulder. The L.A. startup community is called L.A. The Washington D.C. startup community is called Washington D.C.
Brad FeldRead
Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework.
Clayton M. ChristensenRead