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 :
- If you are not prepared to take risks, make mistakes, feel your fear and take a bold step forward anyway…you’ll never come up with anything original.
- An entrepreneur is a leader of excellence, trailblazer and pioneer who constantly brings change to their generation.
- Innovation is a change that makes previous products, services and/or processes ineffective.
- Everyone has an idea. But it’s really about executing the idea and attracting other people to help you work on the idea.
- What is now proved was once only imagined
- A business shines brightest when its people are working on problems bigger than themselves
- He who asks a question is a fool for 5 minutes. He who does not ask a question remains a fool forever.
- Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity.
- 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.
- By questioning all the aspects of our business, we continuously inject improvement and innovation into our culture.
- Innovation is to connect the dots – synthesizing that goes in one mind, and teamwork through collective insight.
- 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.
- Innovation is progress when it improves the human experience in the whole
- If I had asked the public what they wanted, they would have said a faster horse.
- The moment you will stop innovating, somebody else will make your product outdated and will become the market leader.
- We believe constraints bring out creativity. When you raise like $800M, suddenly all that scrappiness… it’s easy to lose.
- History is made by those who see beyond what already exists.
- Healthy debating enforces critical thinking principles – looking at things from the different angles, with increased perspective and less prejudgment.
- Innovation is the effective application of processes and products new to the organization and designed to benefit it and its stakeholders.
- Sometimes imagination outsmarts intelligence and enthusiasm outshines experience.