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 :
- Being right keeps you in place. Being wrong forces you to explore.
- Healthy debating enforces critical thinking principles – looking at things from the different angles, with increased perspective and less prejudgment.
- You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.
- Customers often know more about your products than you do. Use them as a source of inspiration and ideas for product development.
- Innovation is about practical creativity – it’s about making new ideas useful.
- Purpose driven technology will continue to flourish, whereas profit driven technology will either perish or destroy the world.
- If you know one thing very well and the rest only superficially, that one thing will always appear to be more ‘unique.
- The competition is out to get you. Are you a moving target or a sitting duck? Innovate or die.
- Vision without action is a daydream, but action without vision is a nightmare.
- Innovators make the previously impossible possible.
- Vulnerability is the birthplace of innovation, creativity and change.
- Here’s the new reality: evolve or become irrelevant. Innovate or die.
- Of the top 10 sources of innovation, employees are the only resource that you can control and access that your competitors cannot.
- It takes people from the outside to change things on the inside. Innovation happens from outsiders.
- Being innovative is more important than any specific innovation. Innovativeness is a way of thinking.
- 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.
- The greatest invention in the world is the mind of a child.
- You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
- A pile of rocks ceases to be a rock pile when somebody contemplates it with the idea of a cathedral in mind.
- Innovation is progress when it improves the human experience in the whole