Peter
Drucker on Entrepreneurship
Systematic Entrepreneurship
“The
husband and wife who open another delicatessen store or another Mexican
restaurant in the American suburb surely take a risk. But are they
entrepreneurs? All they do is what has been done many times before.”
Purposeful Innovation
“Systematic
innovation means monitoring seven sources for innovative opportunity.”
The Unexpected
“The
unexpected success is not just an opportunity for innovation; it demands
innovation.”
Process Innovation
“We
may understand a process and still not have the knowledge to do the job.”
When Industry Structure Changes
“Four
near-certain, highly visible indicators of impending change in industry
structure can be pin pointed.”
Demographic Changes
“Static
populations staying in one place for long periods of time have been the
exceptions historically rather than the rule.”
Knowledge-Based Innovation
“Knowledge-based
innovation has the longest lead time of all innovations.”
Bright Ideas
“Bright
ideas are the riskiest and least successful source of innovative
opportunities.”
Principles of Innovation
“Purposeful,
systematic innovation begins with the analysis of the opportunity”
Entrepreneurial Policies
“How
can overcome the resistance to innovation in the existing organization?”
Entrepreneurial Practices
“In
business that want to create receptivity to entrepreneurships, special care is
therefore taken that the opportunities are also attended to.”
Measuring Innovative Performance
“For
a business to be receptive to entrepreneurship, innovative performance must be
included among the measures by which that business controls itself.”
Structures
“To
be an entrepreneur on the side rarely works.”
Where Can I Contribute?
“As
a new venture develops and grows, the roles and relationships of the original
entrepreneurs inexorably change. If the founders refuse to accept this, they
will stunt the business and may even destroy it.”
Courtesy- Rajesh, Do Bato
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