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 taking two things that exist and putting them together in a new way.
- Be bold in pursuing what others believe is unrealistic because this will achieve more than being bland and unimaginative.
- Throughout history, people with new ideas—who think differently and try to change things—have always been called troublemakers.
- Fiscal prudence and continuous innovation are the driving forces for sustainable growth in any industry.
- Every threat to the status quo is an opportunity in disguise.
- The secret of change is to focus all of your energy, not on fighting the old, but building on the new.
- What is now proved was once only imagined.
- We are not creators; only combiners of the created. Invention isn’t about new ingredients, but new recipes. And innovations taste the best.
- Innovators are inevitably controversial.
- Curiosity is crucial for innovation. We are all born curious, but only a small number of people remain curious for a lifetime.
- A high degree of autonomy is what permits innovation, experimentation and risk taking in a bureaucracy.
- Innovation is a process of conceiving or gathering new functionalities or characteristics for a product or production method.
- Innovation is the combination of different ideas and contribution of the different minds.
- Innovation is an idea, practice or object that is perceived as new by an individual or other unit of adoption.
- Innovation is the result of a process that brings radical ideas to create positive change
- Innovation is the transfer of new ideas or the adaptation of new concepts, until the final stage of a product, process or service activity.
- The greatest invention in the world is the mind of a child.
- The only way to discover the limits of the possible is to go beyond them into the impossible.
- Our wretched species is so made that those who walk on the well-trodden path always throw stones at those who are showing a new road.
- Be the initiator of things you wish to see, but can’t see. Be the originator of things you wish you feel but can’t feel.