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 :
- You cannot cling to the norm and desire innovation. You must think outside of the box to shake the table – possibly break it to pieces.
- People think innovation is just having a good idea but a lot of it is just moving quickly and trying a lot of things.
- Asking a right question need intelligence and courage. Do you have both?
- Anything beautiful now was just a thought yesterday.
- Innovation is finding a better way to make things a little better.
- The moment you will stop innovating, somebody else will make your product outdated and will become the market leader.
- They did not know it was impossible so they did it.
- Disruptors don’t have to discover something new; they just have to discover a practical use for new discoveries.
- If you must walk in someone’s shadow make sure it’s your own
- Innovation happens when you change the game; you bring a different twist to what is currently established and perceived.
- A mind get its rest when it is meditative and a mind get its respect when it is creative.
- If you are not innovating, you are deteriorating.
- Dreamers are mocked as impractical. The truth is they are the most practical, as their innovations lead to progress and a better way of life for all of us.
- The way to succeed is to double your failure rate.
- Too many rules stifle innovation.
- Throughout history, people with new ideas—who think differently and try to change things—have always been called troublemakers.
- By questioning all the aspects of our business, we continuously inject improvement and innovation into our culture.
- If we all worked on the assumption that what is accepted as true really is true, then there would be little hope for advance.
- Business has only two functions – marketing and innovation.
- Innovation is the effective application of processes and products new to the organization and designed to benefit it and its stakeholders.