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 :
- The only thing that makes sense to do is strive for greater collective enlightenment.
- A high degree of autonomy is what permits innovation, experimentation and risk taking in a bureaucracy.
- I believe you have to be willing to be misunderstood if you’re going to innovate.
- There is no innovation and creativity without failure. Period.
- Innovation is the introduction of new method or procedure for an existing activity to raise productivity.
- Creativity is thinking up new things. Innovation is doing new things
- A mind get its rest when it is meditative and a mind get its respect when it is creative.
- You cannot make omelets without breaking some eggs.
- Innovation is born out of imagination and ambition
- Innovation is an evolutionary process, so it’s not necessary to be radical all the time.
- We are not creators; only combiners of the created. Invention isn’t about new ingredients, but new recipes. And innovations taste the best.
- Innovation is finding a better way to make things a little better.
- If you know one thing very well and the rest only superficially, that one thing will always appear to be more ‘unique.
- The future is a direction, not a destination.
- They did not know it was impossible so they did it.
- Honor the old but allow for innovation.
- The uncreative mind can spot wrong answers, but it takes a very creative mind to spot wrong questions.
- The competition is out to get you. Are you a moving target or a sitting duck? Innovate or die.
- They always say time changes things, but you actually have to change them yourself.
- The greatest invention in the world is the mind of a child.