Peter Drucker Quotes About Innovation

Quotes about: Innovation

• People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.

  Peter Drucker

  Inspirational, Leadership, Mistake

• If you want something new, you have to stop doing something old

  Peter Drucker

  Inspiring, Business, Creativity

• The best way to predict the future is to create it.

  Peter Drucker

  Inspirational, Life, Motivational

• Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

  Peter Drucker

  Inspirational, Wise, Entrepreneur

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.46, Routledge

• Since we live in an age of innovation, a practical education must prepare a man for work that does not yet exist and cannot yet be clearly defined.

  Peter Drucker

  Education, Work, Men

  Peter F. Drucker (2011). “Landmarks of Tomorrow: A Report on the New”, p.129, Transaction Publishers

• Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.

  Peter Drucker

  Technology, Opportunity, Yesterday

  Peter Drucker (2012). “Managing in the Next Society”, p.67, Routledge

• Marketing and innovation make money. Everything else is a cost.

  Peter Drucker

  Innovation, Marketing, Cost

• Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are 'costs'.

  Peter Drucker

  Two, Innovation, Marketing

  "Management".

• Innovation opportunities do not come with the tempest but with the rustling of the breeze.

  Peter Drucker

  Opportunity, Innovation, Tempest

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.271, Routledge

• There are only two things in a business that make money - innovation and marketing, everything else is cost.

  Peter Drucker

  Two, Innovation, Marketing

• Knowledge is the source of Wealth. Applied to tasks we already know, it becomes Productivity. Applied to tasks that are new, it becomes Innovation.

  Peter Drucker

  Knowledge, Innovation, Tasks

• Marketing and innovation produce results; all the rest are costs.

  Peter Drucker

  Innovation, Marketing, Cost

  Peter Drucker (2013). “People and Performance”, p.90, Routledge

• Business has only two basic functions - marketing and innovation.

  Peter Drucker

  Success, Business, Creativity

  Peter Drucker (2012). “Management”, p.67, Routledge

• Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation.

  Peter Drucker

  Success, Stress, Creativity

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.36, Routledge

• Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.

  Peter Drucker

  Mean, Opportunity, Entrepreneur

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.36, Routledge

• What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.

  Peter Drucker

  Entrepreneur, Innovation, Society

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.313, Routledge

• An established company which, in an age demanding innovation, is not able to innovation, is doomed to decline and extinction.

  Peter Drucker

  Creativity, Innovation, Age

• Thus, for those who are willing to go out into the field, to look and to listen, changing demographics is both a highly productive and a highly dependable innovation opportunity.

  Peter Drucker

  Opportunity, Innovation, Listening

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.120, Routledge

• The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.

  Peter Drucker

  Innovation, Growth, Age

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.183, Routledge

• Whenever anything is being accomplished, it is being done, I have learned, by a monomaniac with a mission.

  Peter Drucker

  Innovation, Vision, Done

  Peter F. Drucker (1999). “Adventures of a Bystander”, p.255, Transaction Publishers

• No other area offers richer opportunities for successful innovation than the unexpected success.

  Peter Drucker

  Success, Opportunity, Innovation

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.53, Routledge

• Managing innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.

  Peter Drucker

  Top Management, Challenges, Innovation

  Peter Drucker (2013). “People and Performance”, p.149, Routledge

• Effective innovations start small. They are not grandiose. They try to do one specific thing.

  Peter Drucker

  Innovation, Trying, Grandiose

  Peter Drucker (2014). “Innovation and Entrepreneurship”, p.154, Routledge

• Making changes to better appeal to customer is INNOVATION.

  Peter Drucker

  Innovation, Making Changes, Appeals

• But innovation is more than a new method. It is a new view of the universe, as one of risk rather than of chance or of certainty. It is a new view of man's role in the universe; he creates order by taking risks. And this means that innovation, rather than being an assertion of human power, is an acceptance of human responsibility.

  Peter Drucker

  Change, Mean, Responsibility

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