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Innovation and Entrepreneurship Paperback – May 9, 2006
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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.
- ASIN : 0060851139
- Publisher : Harper Business; Reprint edition (May 9, 2006)
- Language: : English
- Paperback : 288 pages
- ISBN-10 : 9780060851132
- ISBN-13 : 978-0060851132
- Lexile measure : 1210L
- Item Weight : 8 ounces
- Dimensions : 5.31 x 0.65 x 8 inches
- Best Sellers Rank: #47,274 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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If you are looking to get knowledge on the basic principles of entrepreneurship, this book is where you should start. Peter Drucker explains in a very detailed way these 19 principals which cover everything that you should know about the business world. Throughout the entire book he makes use of many examples of successful companies to show their process to success, he also shows examples of companies that have failed and why this happened.
The book starts by letting you know the the deep relationship between innovation and entrepreneurship, it even starts by using examples which make the entire book much easier to understand. The author explains how an entrepreneur isn't a person starting a small food business but, the person that starts a new food business that has a new process which satisfies the people's demand. The author uses as example one of the most famous restaurants today, Mcdonald's, which changed an entire food industry with an innovating new process called “fast food”. We see many examples like this one throughout the book to explain the different topics, it explains how a business has to evolve alongside with the generations in order to survive. In general it is a very good book for young dreamers that like to think outside the box and want to become successful in life.
This is the first entrepreneur book a read and i am really satisfied. One of the best lessons i learned form one of the chapters of the book is the change in perception, basically that we should always see a cup half full and never half empty. I highly recommend this book a a start line because of its combination of simplicity, detail and real life examples.
This book can be a bit boring at times but the points are well made. If at all possible avoid the Audible version of this book as it leaves a lot to be desired. The audible version is poorly recorded and the narrators voice is a monotonous monotone with his voice tone jumping all over the place in certain sections. If I did not find the value I did in this book I would have definitely requested a refund since the Audible version made it an excruciating listen. I was also unable to download the format 4 audible version and Audible support was of no help. (Note: Format 4 was an option when I purchased the book)
The book focuses on 3 main things:
I. Practice of innovation
II. Practice of entrepreneurship
III. Entrepreneurial strategies
What i like about this book is talking about creative imitation and:
The do's of innovation:
1. Purposeful, systematic innovation with analysis of opportunities
2. Conceptual & perceptual innovation
3. Simple innovation
4. Effective innovation start small
5. Successful innovation aims at leadership
The don'ts of innovation:
1. Not to be too clever
2. Don't diversify, don't splinter, don't try to do too many things at once
3. Don't try to innovate for the future
The 3 Conditions of innovation:
1. Innovation is work, it requires knowledge
2. To succeed, innovators need to built on their strengths
3. Innovation has to be close to the market & focus on the market, indeed market-driven
Buy this book if you wish to have innovation in your company.
Every entrepreneur should read this, as it speaks to the management side of entrepreneurship with a sophistication that few other books do.
Some of what he said reminded me of The E-Myth Revisited, but this book took the topic more seriously. Drucker wasn't messing around here or trying to be philosophical about things. This book was originally published in 1985 when I was only 1 year old, and it seems to me that the things he talked about then are still highly relevant today. Also, since the book was written, the types of things he predicted would happen largely DID happen (and are, still,) which only makes Drucker's ideas even more credible.
Great great book. A must-read for the budding entrepreneur.
Top reviews from other countries
This book lays out some simple (some would say obvious) guidelines for identifying and exploiting opportunities and ideas that come your way. Some of the examples are quite dated now, and Drucker is not infallible. For instance there is a cringe-worthy paragraph explaining that computer games are a passing fad (in 1984). Not even Drucker could see that gaming would become the massive industry that it is now!
However, it's still a valuable book.