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Peter F. Drucker
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Innovation and Entrepreneurship Paperback – May 26, 1993

by Peter F. Drucker (Author)
4.5 4.5 out of 5 stars 441 ratings
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The first book to present innovation and entrepreneurship as purposeful and systematic discipline which explains and analyzes the challenges and opportunities of America's new entrepreneurial economy. A superbly practical book that explains what established businesses, public survey institutions, and new yentures have to know, have to learn, and have to do in today's economy and marketplace.
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  1. Print length
    288 pages
  2. Language
    English
  3. Publisher
    Collins
  4. Publication date
    May 26, 1993
  5. Dimensions
    5.31 x 0.65 x 8 inches
  6. ISBN-10
    0887306187
  7. ISBN-13
    978-0887306181
  8. See all details
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Editorial Reviews

Review

"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 Freedom

On 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 site The 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.

Product details

  • Publisher ‏ : ‎ Collins; First Edition (May 26, 1993)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 288 pages
  • ISBN-10 ‏ : ‎ 0887306187
  • ISBN-13 ‏ : ‎ 978-0887306181
  • Item Weight ‏ : ‎ 8 ounces
  • Dimensions ‏ : ‎ 5.31 x 0.65 x 8 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 441 ratings

About the author

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Peter F. Drucker

Peter F. Drucker

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Peter F. Drucker (1909-2005) was considered the top management thinker of his time. He authored over 25 books, with his first, The End of Economic Man published in 1939. His ideas have had an enormous impact on shaping the modern corporation. One of his most famous disciples alive today is Jack Welch. He was a teacher, philosopher, reporter and consultant.

Customer reviews

4.5 out of 5 stars
441 global ratings

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Customers say

Customers find the book engaging and well-written. They appreciate its insights into entrepreneurship and the relationship between innovation and entrepreneurship. The advice provided is useful and relevant across disciplines. However, opinions differ on the dated content - some find it applicable to present times while others consider it slightly outdated.

AI-generated from the text of customer reviews

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ReadabilityEntrepreneurshipAdviceDated content
36 customers mention "Readability"33 positive3 negative

Customers find the book easy to read and engaging. They say it's a good read for young dreamers who like to think outside the box. The book is described as high-quality with no blemishes. Readers mention it's a must-read for anyone involved in creating new businesses.

"...within the boundaries Drucker established with this work This is a great book that is as relevant today as when it was written. Highly recommended!" Read more

"...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...." Read more

"...This is a REALLY good book. I couldn't even put it down. I have loads of highlighting, bookmarks, and notes already in it (Kindle ed.)..." Read more

"...Some parts, like making explicit the sources of innovation, were pretty good and useful to remember...." Read more

22 customers mention "Entrepreneurship"22 positive0 negative

Customers find the book helpful for entrepreneurship. It explores the relationship between innovation and entrepreneurship, and is used in undergrad courses on innovation. They say it's a classic work on commercializing new ideas, and a valuable resource for anyone starting a business. The author captures a process for innovation, demonstrating that it can be learned.

"...of this well written book is that it establishes the intellectual boundaries of innovation and entrepreneurship...." Read more

"...The book starts by letting you know the the deep relationship between innovation and entrepreneurship, it even starts by using examples which make..." Read more

"...The do's of innovation: 1. Purposeful, systematic innovation with analysis of opportunities 2. Conceptual & perceptual innovation 3...." Read more

"...Great great book. A must-read for the budding entrepreneur." Read more

19 customers mention "Advice"19 positive0 negative

Customers find the book's advice useful for nonprofit work. They say the insights and strategies are still relevant. The book encourages action and makes you pursue opportunities. Readers appreciate the candor, profound thinking, and quality of the writing.

"...The do's of innovation: 1. Purposeful, systematic innovation with analysis of opportunities 2. Conceptual & perceptual innovation 3...." Read more

"...he said reminded me of The E-Myth Revisited, but this book took the topic more seriously...." Read more

"...of these sources has their own chapter and each of these sources is described fairly well with mostly good example...." Read more

"...from being a great read, the book encourages action and makes you pursue opportunities. It has helped me in building and growing my company...." Read more

8 customers mention "Dated content"3 positive5 negative

Customers have different views on the book's dated content. Some find it applicable to the present time, while others say some examples are slightly outdated.

"...relationship between innovation and entrepreneurship, it even starts by using examples which make the entire book much easier to understand...." Read more

"...However, some of the examples necessarily reflect 1985 conditions and some of the socio-cultural assumptions are a bit off-putting in today's..." Read more

"...He takes many example from different time frames to explain concepts." Read more

"...Some of the examples feel dated, however you can add modern day examples to enhance the learning...." Read more

Top reviews from the United States

  • Marco Antonio Abarca
    5.0 out of 5 stars A Profound Book on Innovation and Entrepreneurship
    Reviewed in the United States on December 30, 2021
    Verified Purchase
    Right off the bat, it is easy to be dismissive of this book because it was written in the 1980's. How can such an old book still be relevant in today's high tech world? It is important not to get caught up in this trap. The principles Peter Drucker's spells out in this book are deep and go to the very nature of modern American capitalism. The beauty of this well written book is that it establishes the intellectual boundaries of innovation and entrepreneurship. There are countless subsequent books that address the many details of innovation. Yet all of these books work within the boundaries Drucker established with this work This is a great book that is as relevant today as when it was written. Highly recommended!
    One person found this helpful
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  • Cristián
    5.0 out of 5 stars A must read for entrepreneurs | Innovation and Entrepreneurship by Peter F. Drucker
    Reviewed in the United States on December 5, 2017
    Verified Purchase
    A must read for entrepreneurs | Innovation and Entrepreneurship by Peter F. Drucker

    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.
    9 people found this helpful
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  • c king 7 18
    4.0 out of 5 stars Used in undergrad course on innovation
    Reviewed in the United States on November 14, 2017
    Verified Purchase
    I used this text in my undergrad business course on "Innovation for Sustainabilty," along with a book on sustainability. The book is well-written and I appreciated the framework and examples it provides. However, some of the examples necessarily reflect 1985 conditions and some of the socio-cultural assumptions are a bit off-putting in today's environment. Having said that, I'm glad I used it and I think my students appreciated the chance to read a "classic" text too.
    2 people found this helpful
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  • AmazingReader
    5.0 out of 5 stars Required Reading For Having Innovation In Your Company
    Reviewed in the United States on April 24, 2011
    Verified Purchase
    I bought this book after a CEO friend from YPO & OPM recommended this book to me. I find this book great for companies needing innovation. Many times business revenues and profit stay flat because they kept doing the same thing year in year out without any innovation.

    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.
    14 people found this helpful
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  • B.
    5.0 out of 5 stars Great Book!
    Reviewed in the United States on February 6, 2010
    Verified Purchase
    The other 5 star reviews on here said it well already, but I just wanted to add my appreciation for this book to the pile. This is a REALLY good book. I couldn't even put it down. I have loads of highlighting, bookmarks, and notes already in it (Kindle ed.) and I am definitely going to be re-reading this book more than a few times.
    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.
    7 people found this helpful
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Top reviews from other countries

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  • KhorfElliott
    5.0 out of 5 stars Yup
    Reviewed in Canada on June 9, 2024
    Verified Purchase
    Purchased a used edition. Quality purchase for the price point. God length of read for Peter Drucker. Dated but still relevant.
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  • Riham
    5.0 out of 5 stars Useful
    Reviewed in the United Arab Emirates on August 15, 2024
    Verified Purchase
    Peter Druker's books are worthy and full of knowledge and information
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  • Frank Calberg
    5.0 out of 5 stars Innovation and entrepreneurship
    Reviewed in Germany on March 13, 2023
    Verified Purchase
    Top takeaways from reading the book:
    - Page 30: It was the textbook that made universal education possible. After the textbook was developed many more people had the possibility to learn.
    - Page 33: Try to create value and make a contribution.
    - Page 135: To innovate, observe, ask and listen to people. Find out what they need and what their values are.
    - Page 135: Effective innovations are simple and obvious.
    - Page 136: Innovate for the present - not for the future. Example: From the first day the computer was useful, for example for calculating numbers through Microsoft Excel.
    - Pages 188 to 193: Focus on the market. What you think users need may differ from what users actually need. Find out the real needs of users, for example by trying out things / testing, observing and asking questions. A product or service is defined by the customer - not by the producer. The customer knows what a great customer experience is.
    - Page 204: Get objective coaching / advice from outside - a person with whom you can discuss decisions and to whom you will listen.
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  • Maurizio
    5.0 out of 5 stars Eccezionale
    Reviewed in Italy on August 14, 2020
    Verified Purchase
    Un capolavoro, in alcuni punti di un'attualità quasi sconcertante considerato quanto tempo fa è stato scritto. Grande Drucker.
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  • Rahul
    5.0 out of 5 stars Understand Entrepreneurship and Innovation
    Reviewed in India on October 21, 2018
    Verified Purchase
    This is the only book I came across which deals with entrepreneurship at theoretical as well as practical level. The book gives practical methods, strategies to keep in mind while innovating and going for new ventures.
    It has very clear about everything. It has listed down step by step sources of Innovation, Principles of Innovation and Also about Entrepreneurship.

    Great Book by Father Of Modern Management.
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