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Innovation and Entrepreneurship Paperback – May 9, 2006
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''Our most enduring commentator on the practice of management and the economic institutions of society.'' --Business Week
''On bookshelves crowded with books on management principles and practice and promising success and profit to their purchasers, this book stands head and shoulders above the rest.'' --Accountant's Magazine
''Thoughtful, concise, and useful.'' --Technology Review
''This work is unique . . . A thoughtful analysis of what the future holds . . . A clear statement of principles with many supporting examples. Essential for all business collections.'' --Library Journal --This text refers to the MP3 CD edition.
About the Author
Peter F. Drucker is considered the most influential management thinker ever. The author of more than twenty-five books, his ideas have had an enormous impact on shaping the modern corporation. Drucker passed away in 2005.
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Top Customer Reviews
I fully concur that this book is the first book to present innovation & entrepreneurship as a purposeful & systematic discipline. The book concists of three major parts:
- Part I: The Practice of Innovation;
- Part II: The Practice of Entrepreneurship;
- Part III: Entrepreneurial Strategies;
According to the author, entrepreneurial strategies are as important as purposeful innovation & entrepreneurial management. Together, they make up innovation & entrepreneurship.
What I like most about the book is the author's clear definition & concise elaboration of innovation as a disciplined business practice. He makes a very clear distinction: "Business, because of its purpose, has just two functions, & only two: MARKETING & INNOVATION. Marketing & Innovation make money. Everything else is a cost."
Best of all, he also provides some general guidelines for identifying innovative opportunities.
As a matter of fact, in Part I of the book, he describes the seven sources for innovative opportunities. Each of these seven sources are systematically covered in a specific chapter. For all entrepreneur-wannabes out there, understanding these 'innovative secrets of success' alone is worth the price of the entire book.
As the General Manager of a small business with no formal training and little prior experience in managing a company this was the best investment I could have ever made. I'd recommend you take notes as you read in order to get the most of this book. Read it a second time a year after you finish it.
Insightful, practical, straight-forward and meaningful (to me) discussion topics included job design, organizational design, growing and selecting managers, improving organizational productivity, strategy, and managing innovation.
The book is divided into three sections: The practice of innovation (where to look to find indicators of opportunity for innovative change); The practice of entrepreneurship (managing so to foster innovation); and Entrepreneurial strategies (competitive strategies).
Drucker provides a detailed analysis of the sources of innovation and strategies for the implementation of innovation-based changes. He shows, with many real-world examples, how systematic innovation can be applied to business, government, politics, non-profit and service organizations.
The analysis is thorough, well structured and easy to understand. He finishes with an interesting discussion of why innovation is so necessary today, and gives some good examples of areas of society operating on dated assumptions and suggests some insightful innovations.
Even though the book was written some years ago, his methodology remains applicable. In terms of contribution to strategy development I rank Innovation and Entrepreneurship up there with Michael Porter's Competitive Strategy.
My only criticism of Drucker is his sometimes awkward writing style and his tendency to wordiness. However, I give the book full marks for being a well-researched and logically presented work.
Most Recent Customer Reviews
Great book!!! Peter Drucker setting the standards for that entrepreneurial mindset. Once again great book and great read!Published 4 months ago by Amazon Customer
In good condition. Haven't read it yet. Pretty thick book, but Drucker is a good one.Published 7 months ago by Jo Kamcy