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 the commercialization of an enabling technology that provides the customer with new capability.
- Innovation is the first use of a new product, process or system in a commercial context.
- Innovation is an evolutionary process, so it’s not necessary to be radical all the time.
- We believe constraints bring out creativity. When you raise like $800M, suddenly all that scrappiness… it’s easy to lose.
- There is a difference between failing and failure. Failing is trying something that you learn doesn’t work. Failure is throwing in the towel and giving up.
- Innovation is the introduction of new method or procedure for an existing activity to raise productivity.
- Any conversation I have about innovation starts with the ultimate goal.
- Be creative while inventing ideas, but be disciplined while implementing them.
- innovative ideas will be profitable only if they are linked to what buyers are willing to pay for.
- Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell.
- Innovation is the unrelenting drive to break the status quo and develop anew where few have dared to go.
- stop looking to the competition. Value-innovate and let the competition worry about you.
- If an innovative piece of software comes along, Microsoft copies it and makes it part of Windows. This is not innovation; this is the end of innovation.
- Innovation is about moving forward. If you are not moving forward, you are moving backward. There is no standing still.
- Some fish love to swim upstream. Some people love to overcome challenges.
- Innovation is the new ideas or solution proposals to the needs of humans which have not been fulfilled to increase their life standards and welfare.
- A high degree of autonomy is what permits innovation, experimentation and risk taking in a bureaucracy.
- If I have a thousand ideas and only one turns out to be good, I am satisfied.
- Healthy debating enforces critical thinking principles – looking at things from the different angles, with increased perspective and less prejudgment.