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 :
- Any conversation I have about innovation starts with the ultimate goal.
- The history of culture is one of negativity towards new work and new ideas, to a point where public annoyance can be seen as an endorsement.
- There is nothing called failure, everything is experience.
- Innovation is about moving forward. If you are not moving forward, you are moving backward. There is no standing still.
- I trust that you are aware that today’s success is tomorrow’s mediocrity. This means anything appealing today will be appalling tomorrow.
- If we all worked on the assumption that what is accepted as true really is true, then there would be little hope for advance.
- Innovation is the process of transforming an idea or concept into a functional and marketable value proposition reflecting creative opportunity.
- Creativity is thinking up new things. Innovation is doing new things
- It’s comfortable and easy to stick with the things we believe, but by doing so we’re also stifling our ability to be innovative.
- What good is an idea if it remains an idea? Try. Experiment. Fail. Try again. Change the world.
- Innovation is to connect the dots – synthesizing that goes in one mind, and teamwork through collective insight.
- When haters start to rear their ugly head, just play around with them and throw them a bone so they can go away and chew on it.
- Those who disrupt their industries change consumer behavior, alter economics, and transform lives.
- Anything beautiful now was just a thought yesterday.
- Business has only two functions – marketing and innovation.
- Innovation is the commercialization of an enabling technology that provides the customer with new capability.
- The world needs dreamers and the world needs doers. But above all what the world needs most are dreamers that do.
- A pile of rocks ceases to be a rock pile when somebody contemplates it with the idea of a cathedral in mind.
- If it were considered smart, it would be done already.
- Innovation is the process of moving an initial invention through research and development to the eventual market introduction.