Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Quote by Peter Drucker

Topics: Peter Drucker Quotes

Efficiency is doing things right; effectiveness is doing the right things.

Efficiency is doing things right; effectiveness is doing the right things.

Never mind your happiness; do your duty.

Never mind your happiness; do your duty.

Objectives are not fate; they are direction. They are not commands; they are commitments. They...

Objectives are not fate; they are direction. They are not commands; they are commitments. They...

The purpose of a business is to create a customer.

The purpose of a business is to create a customer.

The aim of marketing is to know and understand the customer so well the product...

The aim of marketing is to know and understand the customer so well the product...

Accept the fact that we have to treat almost anybody as a volunteer.

Accept the fact that we have to treat almost anybody as a volunteer.

Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility,...

Charisma becomes the undoing of leaders. It makes them inflexible, convinced of their own infallibility,...

The computer is a moron.

The computer is a moron.

Plans are only good intentions unless they immediately degenerate into hard work.

Plans are only good intentions unless they immediately degenerate into hard work.

Company cultures are like country cultures. Never try to change one. Try, instead, to work...

Company cultures are like country cultures. Never try to change one. Try, instead, to work...

Trying to predict the future is like trying to drive down a country road at...

Trying to predict the future is like trying to drive down a country road at...

The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.

The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.

The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.

The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.

The most important thing in communication is hearing what isn't said.

The most important thing in communication is hearing what isn't said.

Most discussions of decision making assume that only senior executives make decisions or that only...

Most discussions of decision making assume that only senior executives make decisions or that only...

The only thing we know about the future is that it will be different.

The only thing we know about the future is that it will be different.

Everybody has accepted by now that change is unavoidable. But that still implies that change...

Everybody has accepted by now that change is unavoidable. But that still implies that change...

I have always argued that change becomes stressful and overwhelming only when you've lost any...

I have always argued that change becomes stressful and overwhelming only when you've lost any...

Innovationthe heart of the knowledge economyis fundamentally social.

Innovationthe heart of the knowledge economyis fundamentally social.

Do not brood over your past mistakes and failures as this will only fill your...

Do not brood over your past mistakes and failures as this will only fill your...