Innovation and Entrepreneurship: Practice and Principles

Innovation and Entrepreneurship Practice and Principles The first book to present innovation and entrepreneurship as a purposeful and systematic discipline this classic business title explains and analyzes the challenges and opportunities of America s ent

  • Title: Innovation and Entrepreneurship: Practice and Principles
  • Author: Peter F. Drucker
  • ISBN: 9780887306181
  • Page: 392
  • Format: Paperback
  • The first book to present innovation and entrepreneurship as a purposeful and systematic discipline, this classic business title explains and analyzes the challenges and opportunities of America s entrepreneurial economy.

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    About “Peter F. Drucker

    • Peter F. Drucker

      Peter Ferdinand Drucker was a writer, management consultant and university professor His writing focused on management related literature Peter Drucker made famous the term knowledge worker and is thought to have unknowingly ushered in the knowledge economy, which effectively challenges Karl Marx s world view of the political economy George Orwell credits Peter Drucker as one of the only writers to predict the German Soviet Pact of 1939.The son of a high level civil servant in the Habsburg empire, Drucker was born in the chocolate capital of Austria, in a small village named Kaasgraben now a suburb of Vienna, part of the 19th district, D bling Following the defeat of Austria Hungary in World War I, there were few opportunities for employment in Vienna so after finishing school he went to Germany, first working in banking and then in journalism While in Germany, he earned a doctorate in International Law The rise of Nazism forced him to leave Germany in 1933 After spending four years in London, in 1937 he moved permanently to the United States, where he became a university professor as well as a freelance writer and business guru In 1943 he became a naturalized citizen of the United States He taught at New York University as a Professor of Management from 1950 to 1971 From 1971 to his death he was the Clarke Professor of Social Science and Management at Claremont Graduate University.

    728 thoughts on “Innovation and Entrepreneurship: Practice and Principles

    • Far from my previous post about Perkins, Peter Drucker’s book Innovation and Entrepreneurship was a paradoxical reading. The first chapters were painful even if brilliant. I understood there that innovation is a process which will be successful if carefully planned and managed. Fortunately, chapter 9 completely changed my perception when the author dealt with knowledge-based innovation, which includes innovations based on science and technology. So let me summarize the main points of this chap [...]

    • As always, Peter Drucker is one of my favourites on the subject. A book from the 80s that still a great read today, on a very changing and challenging subject such as entrepreneurship, is a sole indicator of how great the book is.

    • Even though this book is relatively old, its principles apply in every era. Drucker presents innovation as an ageless art form, in which all that changes is the approach. Any business owner, or out of the box thinker, should definitely read this book.

    • Most people probably think that innovation and entrepreneurship is something that happens by chance or by magic. Reading this book by Peter Drucker should dispel this notion totally. Not only is innovation and entrepreneurship something that can be measured but it is something that can be learned.The book initially provides definitions of what innovation and entrepreneurship is, what the different types and aspects of each are and where they are most likely to occur. Drucker then continues on wi [...]

    • Peter Drucker is awesome.He turns innovation into a discipline. I need to read more of this guy.Drucker lists the seven places where innovation takes place and then goes into detail for each one. The interesting thing is that few of them are what people normally think of as innovation.Quotes:"Entrepreneurs are a minority among new businesses. They create something new, something different; they change or transmute values.""Entrepreneurship is thus a distinct feature whether of an individual or o [...]

    • This is the first book by Drucker that I've read, but definitely not the last.Drucker is erudite; he reaches back hundreds of years and across continents to identify first introduction of one thing or another. Although Drucker's seminal contributions have shaped how large corporations in the US and Japan are managed, this work looks at a full spectrum of companies from large to small, and describes the kinds of innovation that succeed.Drucker delights at debunking conventional wisdom or frequent [...]

    • Long before the Innovator's Dilemma was written, here is Drucker with the same insights about why innovation must be treated as a special child by management, and the challenges faced by it in existing corporations. This review was written after I read the book for the second time (I had read it previously a few years back), and it is incredible how the contents seem more meaningful and relevant on the second reading.

    • This is a very authoritative introduction to the subject of innovation. It is very well-written, although a bit heavy at points. Drucker has made an important contribution, as usual. The part on sources of innovation is very good and also exists as an HBR article.

    • Honestly a bit boring, but nevertheless it is smart, some stories and examples are really make you interested. The material just need to be presented better.

    • Although an old (by my own standards) book--still has many principles that continue to apply todayWith Innovation just changing the way we go about creating something new or better.I personally think we do not have to be an entrepreneur in order to become more innovator--but I agree that if you want to start--innovation is a great way to do so. We already know how many started and where they are now--so, we do have much to choose from.Many business--some of them with more that 100 years of "expe [...]

    • This is one of those seminal landmark business books that need to be read and digested. Although the book is somewhat outdated in its examples, the principles are still relevant to today's entrepreneurs and innovators. Many of the companies cited in this 1986 book are either no longer with us and newer companies like Apple are barely mentioned. But, that said, Drucker spells out the principles of innovation and entrepreneurship and how to go about practicing it. Take notes.He also recommends oth [...]

    • Great Great book.Simple and based on principles.Peter Drucker is about principles. And it is very much exciting to hear from Peter Drucker, What he thinks about innovation and entrepreneurship.It is very helpful for managers and budding entrepreneurs to understand some basic principles.Book is little heavy as it is written by the father figure in management. But it serves the great purpose of educating one self with the basic knowledge of new ventures.Old, but good examples are cited by Drucker. [...]

    • I picked this up with the intent to read it and have it under my belt so I could say I've read it just because it is a "classic". I expected a lot of out of date references and antiquated principles of innovation. I did find A LOT of out of date references to companies that are no longer the innovation powerhouses that they once were (which just highlights the transient nature of being an innovation factory), but the principles and practices seem as true as ever and I don't think it is too bold [...]

    • While one may no longer agree with everything in the book, Drucker's classic has withstood the passage of 30+ years since its initial publication incredibly well. A highly recommended read whether one works in a large organization or startup setting, as an owner or manager. Thought provoking and provides a good methodical framework for identifying and exploiting new markets.

    • Fascinating, rigorous book. Very detailed and dense in a good way. In spite of this book being slightly old, there are numerous very useful insights on entrepreneurship and innovation here. I will definitely be going back to reference this book for many years into the future. Also looking forward to reading more of Drucker's work.

    • May be the first ever book to take the route of practicing entrepreneurship, making policies and putting innovation into the roots of the company it is needed in 21st Century

    • Another great book from the prophet of management. A good read even with the benefit of hindsight, because you can contrast and compare old methods and theories with current practices.

    • This is an incredible book. The data and examples may be dated, but this is a must-read for anyone starting a business. A framework for entrepreneurship.

    • It's the first management book I give a 5 stars to. I have been refusing innovation and entrepreneurship books just because of the same reasons Drucker sanctions them in his book: they are pretentious and of little practical use if you are to try replicating any of the ideas. Drucker got me on his side from that moment all the read through.The major achievement of this book is to present innovation as a management practice rather than any imposed threat to the business. It also solves the what ( [...]

    • Cuốn sách là một chứng minh hùng hồn cho khái niệm cơ bản : Khởi nghiệp là đổi mới, là mang lại một giải pháp hữu ích cho thị trường, cũng như, thay đổi là tất yếu, ai biết nắm bắt sự thay đổi sẽ gặt hái thành công. Khái niệm này có thể ai cũng biết hoặc nghe tới rồi, nhưng để phân tích hay và sâu như cuốn sách này thì quả thực khó và hiếm. Một nửa đầu cuốn sách đã được t [...]

    • It's a bit odd to read a book about innovation that's thirty years old, but Peter Drucker's definitive work holds up reasonably well. More than that, I think the main thrust of the book has not really been fully appreciated. The idea that entrepreneurship is a business activity that can be organized and managed in the same way as any other activity - accounting, say, or manufacturing - is still rather unorthodox today. Companies that systematically search for opportunities for change are few and [...]

    • I sure wish there was a more recent version. This book would have earned another star if more of the examples had been drawn from the recent past. There were enough timeless examples from the past couple hundred years to make it a worthwhile read, though.Some useful points:*Look for the surprise successes and exploit them. *Don't turn your nose up at unexpected uses for your product if it's selling. It doesn't matter if your happy customers are not the ones you wanted/intended.*Company founders [...]

    • One of the best books on entrepreneurship I have read. Drucker was such a visionary. I cannot believe this book was written in the 1980s.

    • Reading Drucker is like reading the source that every other business author seems to go to. He has basically distilled Innovation and Entrepreneurship to a management science. The effective strategies to use and the different types of innovations that are possible. Not all of them have to be high tech and not all of them have to be based on new knowledge. They can be boring like coming up a mechanism for a farmer to pay for a tractor in installments also known as an installment plan. In the book [...]

    • Though about innovation and entrepreneurship in business, the topics in this book can be applied to non-profit, gov't, schools, etc - even one's personal life. The days of one-employer for life and being guided in your career are over. Information and methods change so rapidly these days. Today, the best careers are FULLY self-directed. Amazing, Drucker pointed this out 30 years ago. I appreciate Drucker's viewpoint of innovation and entrepreneurship as disciplines and systems vs "rare gifts" an [...]

    • Peter Drucker is seen by many as the father of management and after reading this book I obtained a better understanding of why that is the case.The book itself is an interesting read, especially with the interesting real life examples that occur throughout the book. The book changed some of my assumptions on entrepreneurship and the management of innovation within companies of all size - innovation is a systematic activity similarly to corporate processes done on a systematic basis within the co [...]

    • Wish I could give it a higher rating. It's dense with brilliant, seminal ideas. And that's the problem. It's dense, it makes for a deliberate effort to read. Or maybe I just need to read more Drucker and raise the intellectual bar. Definitely on the re-read list, but not for a couple of years methinks.

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