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

Similar Peter F. Drucker quotes:
Other Innovation Quotes :
- Innovation is the introduction of new things, ideas or ways of doing something.
- A ship is safe in harbor but the is not what ships are for
- The uncreative mind can spot wrong answers, but it takes a very creative mind to spot wrong questions.
- Of the top 10 sources of innovation, employees are the only resource that you can control and access that your competitors cannot.
- Innovation is an idea, practice or object that is perceived as new by an individual or other unit of adoption.
- Fiscal prudence and continuous innovation are the driving forces for sustainable growth in any industry.
- Innovation is a process of conceiving or gathering new functionalities or characteristics for a product or production method.
- One of the biggest mistakes we made was trying to automate things that are super easy for a person to do, but super hard for a robot to do.
- If you must walk in someone’s shadow make sure it’s your own
- Being creative is a casual thing, being artist is a professional thing.
- Without tradition, art is a flock of sheep without a shepherd. Without innovation, it is a corpse.
- Innovation is implementing new ideas that create value.
- Disruption causes vast sums of money to flow from existing businesses and business models to new entrants.
- The definition of insanity is doing the same thing over and over again, but expecting different results.
- Innovators are inevitably controversial.
- Innovation is starting the use of new methods in social, cultural and administrative environments to adapt to changing conditions.
- The inventor knows HOW to borrow.
- Innovation survives only when people believe in their own ideas.
- Too many rules stifle innovation.