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 :
- Throughout history, people with new ideas—who think differently and try to change things—have always been called troublemakers.
- Business has only two functions – marketing and innovation.
- I’ve long subscribed to the notion that technology is advancing much faster than our ability to understand its implications.
- The future is a direction, not a destination.
- It isn’t all over; everything has not been invented; the human adventure is just beginning.
- Innovation is finding a better way to make things a little better.
- We are not creators; only combiners of the created. Invention isn’t about new ingredients, but new recipes. And innovations taste the best.
- Yielding to convention yields nothing new.
- Most innovation involves doing the things we do every day a little bit better rather than creating something completely new and different.
- We believe constraints bring out creativity. When you raise like $800M, suddenly all that scrappiness… it’s easy to lose.
- Here’s the new reality: evolve or become irrelevant. Innovate or die.
- It always seems impossible until it is done.
- Innovation is the effective application of processes and products new to the organization and designed to benefit it and its stakeholders.
- Changes call for innovation, and innovation leads to progress.
- There’s no good idea that cannot be improved on.
- People think innovation is just having a good idea but a lot of it is just moving quickly and trying a lot of things.
- If leaders don’t change. Change the leaders,
- The way to get good ideas is to get lots of ideas and throw the bad ones away.
- Never fear starting. Fear never starting.
- The greatest discovery is self-discovery.