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Innovation and Entrepreneurship Paperback – May 26, 1993
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"A remarkable book about the economic futre of the United States." -- --National Review
"A remarkable book about the economic future of the United States." -- National Review
"By far the most trenchant analysis of a phenomenon that, if the author is correct, may be the key to our economic growth and continued prosperity." -- New Times
"Drucker believes entrepreneurship is not only possible in all institutions, it is essential to their survival. Just how to manage entrepreneurship is what thisnew book is all about." -- Venture
"Far from being dated, Peter Drucker's Innovation and Entrepreneurship has survived the past decade in considerably better shape than many Fortune 500 companies that ignored its lessons...Thoughtful, concise and useful." -- Technology Review
"If you read only one book on management this year make it Innovation and Entrepreneurship by Peter F. Drucker." -- D & B Reports
"Our most enduring commentator on the practice of management and the economic institutions of society." -- Business Week
About the Author
White House Honors Drucker with Presidential Medal of FreedomOn June 21, Dr. Peter Drucker, author of The Effective Executive and Management Challenges for the 21st Century, received the Presidential Medal of Freedom from President George W. Bush.
"Dr. Peter Drucker is the world's foremost pioneer of management theory. Dr. Drucker has championed concepts such as privatization, management by objective and decentralization. He has served as a consultant to numerous governments, public service institutions and major corporations. Dr. Drucker is a Professor of Social Sciences and Management at the Claremont Graduate University in Claremont, California, which named its Graduate School of Management after him. He helped establish and continues to serve as the Honorary Chairman of the Peter F. Drucker Foundation for Nonprofit Management in New York City, which awards the Peter F. Drucker Award for Nonprofit Innovation. He is currently applying his expertise to the management of churches and other faith-based institutions and to the reorganization of universities worldwide." - White House Web siteThe Presidential Medal of Freedom is the Nation's highest civilian honor. It was established by President Truman in 1945 to recognize civilians for their service during World War II, and it was reinstated by President Kennedy in 1963 to honor distinguished service. Also among the honorees were Hank Aaron, Bill Cosby, Placido Domingo, Katharine Graham, Nancy Reagan, and A.M. Rosenthal.
Peter F. Drucker is an author of more than thirty-five books, and his ideas have had an enormous impact on shaping the modern corporation. In 2002, he was awarded the Presidential Medal of Freedom. He is a writer, teacher, philosopher, reporter, consultant, and a professor at the Peter F. Drucker and Masatoshi Ito Graduate School of Management at Claremont Graduate University. He lives in California.
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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.
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.
Drucker has put together a story that catches your imagination and encourages you to go and seek opportunities. As famous Hollywood director David Lynch ones put: "Creativity is out there and like an aquarium full of fish... you just have to catch one". And that's what this book is about.
Apart from being a great read, the book encourages action and makes you pursue opportunities. It has helped me in building and growing my company. I think that stands for a good testimonial.
None of the management practices Drucker recommends is outdated. A very few points he makes have been overtaken by events. But they won't do any harm, because they are easily recognized. On the other hand, some of his predictions, made so many years ago, have turned out to be right on the button. This carries great weight with me because it indicates that he knows what he is saying.
Other reviewers were correct about getting this early edition. I got the more recent edition at the library. A lot of it did not seem to be Drucker's style. So I bought the original. Presuming that I successfully master and apply all of this edition, Then I'll buy the most recent edition.
In my best reviews, I cite examples from the book. It's hard to do that here, because Drucker covers so much ground and provides countless examples. So I'll share the one point that hit me the hardest: when an action should be done, do it; don't avoid the painful solutions, because delay only allows the problems to grow worse.
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