This is the first book to present innovation and entrepreneurship as a purposeful and systematic discipline. It clearly explains and analyzes the challenges and opportunities of America’s new entrepreneurial economy. Peter Drucker, the most influential and widely-read thinker and writer on modern organizations, gives us a superbly practical book that explains what established businesses, public service institutions, and new ventures have to know, have to learn, and have to do in today’s economy and marketplace.
Innovation and Entrepreneurship deals with “what, when and why,” policies and decisions, opportunities and risks, structures and strategies, staffing, and compensation and rewards. In addition to managers in all types of business, lecturers and students of management and business studies will find this a revealing and exciting work. Highly critical in approach, it is nevertheless a practical and illuminating study of an area crucial for today’s world.
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"The examples are a little (okay, very) dated, but the concepts are spot on. Drucker nailed it - and did so way ahead of the pack. 25 years later his call to build innovation and constant positive change into our organizations is still relevant, and dare I say needed in the business culture of 2010."
— Jim (5 out of 5 stars)
“Drucker now adds Innovation and Entrepreneurship to the remarkable series of books about management that he has been writing since 1939. Any book by Drucker is rewarding, and it is impossible to read the man without learning a lot.”
— Fortune“Our most enduring commentator on the practice of management and the economic institutions of society.”
— Businessweek“On bookshelves crowded with books on management principles and practice and promising success and profit to their purchasers, this book stands head and shoulders above the rest.”
— Accountant’s Magazine“Thoughtful, concise, and useful.”
— Technology Review“This work is unique...a thoughtful analysis of what the future holds...a clear statement of principles with many supporting examples. Essential for all business collections.”
— Library Journal" Drucker got it. Most management "gurus" are just regurgitating his stuff. "
— Aaron, 2/11/2014" Has to be one of the best book for startups!! "
— Wendy, 2/11/2014" i wish i read this book when i was 18!!!!!! i try and re-read it every few years!!!! "
— Eben, 1/15/2014" The necessary link between to essential disciplines required for the 21st century business enterprise "
— Ramy, 1/14/2014" This is a great book. Solid wisdom on where to look and how to pursue purposeful innovation. "
— Mike, 12/28/2013" 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. "
— David, 12/2/2013" a must read for any entrepreneur; and still relevant almost 30 years since its publication "
— Tai, 11/7/2013" A fantastic book that looks objectively on figuring out the next big opportunity "
— Pavan, 9/12/2013" Still the best business book ever in my opinion. Worthy of skipping your next conference and reading instead. "
— Lance, 9/10/2013" "Probably a must read for all studying the science and practice of Entrepreneurship by the Dean of Entrepreneurship " "
— Bjorn, 8/27/2013" Interesting book about Innovation and Entrepreneurship in 20th century. "
— Daniel, 8/1/2013" Drucker - He's alright. "
— Phillip, 7/7/2013" Theoretical approach to the problem, most likely great for execs and not a bad read for ideas to keep in mind, but not really geared to startups. Maybe dated, but even so, I really think its a good read even if not the most useful. "
— Justus, 1/17/2013" too dense and not very applicable to a wide range of businesses. Drucker is great for the corporate exec world but doesn't translate well to small businesses. "
— Brian, 10/24/2012" This book really kicks ass, it outlines the necessities of entrepreneurship and creative thinking in a very systematic and conservative manner that anyone could really learn and adapt from. Also expertly dispels many myths regarding the subject of entrepreneurs. "
— Ming, 10/8/2012" 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. "
— Babak, 10/2/2012" High tech companies: "They still believe in Benjamin Franklin's dictum: 'If you invent a better mousetrap, the world will beat a path to your door.' It does not yet occur to them to ask what makes a mousetrap 'better' or for whom?" "
— Fred, 3/26/2012" Hearing that book as audiobook gave me a boost towards really really deep changes of the most basic theory/schematics in my life. "All action comes from theory. To change action you have to change the theory" (or something like that) "
— Polej, 2/23/2012" Great book that explains how to build innovation and entrepreneurship into companies. "
— Tom, 11/18/2011" Needless to say. Classical management book written by Petter F. Drucker "
— S3tc, 10/29/2011" An older business book but full of gems! "
— Mark, 10/3/2011" Considering how old this book is (for this topic) - published in 1985 - it has aged very well. "
— Angela, 8/20/2011" If you learn only one thing, it's that there are no "eureka!!" moments. Archimedes lied to us. Genius does not strike like lightning. Innovation is an iterative process, and there's no way around the fact that it's just hard work. "
— Eddie, 7/3/2011" Great book. It's old but up to date information is share on it. Same situations different tools. "
— Georgi, 12/9/2010" Theoretical approach to the problem, most likely great for execs and not a bad read for ideas to keep in mind, but not really geared to startups. Maybe dated, but even so, I really think its a good read even if not the most useful. "
— Justus, 11/20/2010" This book is one of the worst business books ever written. If you're the type of person who thinks that businesses run on platitudes and happy thoughts by all means buy this. If you think that businesses thrive when you apply efforts to reach targeted results buy something better. <br/> "
— Roland, 10/8/2010" too dense and not very applicable to a wide range of businesses. Drucker is great for the corporate exec world but doesn't translate well to small businesses. "
— Brian, 4/27/2010" Drucker got it. Most management "gurus" are just regurgitating his stuff. "
— Aaron, 3/27/2010" Just a must. You should read this only if you aré into entrepreneirship. IT is a little bit dull. And maybe not as timeless as IT should be "
— Fernando, 2/26/2010" i wish i read this book when i was 18!!!!!! i try and re-read it every few years!!!! "
— Eben, 5/27/2009" This book really kicks ass, it outlines the necessities of entrepreneurship and creative thinking in a very systematic and conservative manner that anyone could really learn and adapt from. Also expertly dispels many myths regarding the subject of entrepreneurs. "
— Ming, 1/28/2009" Great book that explains how to build innovation and entrepreneurship into companies. "
— Tom, 11/26/2008" 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. "
— David, 7/2/2008" Considering how old this book is (for this topic) - published in 1985 - it has aged very well. "
— Angela, 5/29/2008" Has to be one of the best book for startups!! "
— Wendy, 3/19/2008" Needless to say. Classical management book written by Petter F. Drucker "
— S3tc, 1/23/2008Peter F. Drucker (1909–2005) is considered one of the top management thinkers of his time. A teacher, philosopher, reporter, and consultant, he authored over thirty-five books. His first book, The End of Economic Man, was published in 1939. His other works include Managing the Nonprofit Organization, The Five Most Important Questions You Will Ever Ask about Your Organization, Innovation and Entrepreneurship, and many others. Drucker was awarded the Presidential Medal of Freedom by George W. Bush in 2002.
Michael Wells is a playwright, actor, and musician. He lives in New York City.