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Peter F. Drucker
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Innovation and Entrepreneurship (Routledge Classics) 1st Edition

by Peter Drucker (Author)
4.5 4.5 out of 5 stars 428 ratings
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How can management be developed to create the greatest wealth for society as a whole? This is the question Peter Drucker sets out to answer in Innovation and Entrepreneurship. A brilliant, mould-breaking attack on management orthodoxy it is one of Drucker’s most important books, offering an excellent overview of some of his main ideas. He argues that what defines an entrepreneur is their attitude to change: ‘the entrepreneur always searches for change, responds to it and exploits it as an opportunity’. To exploit change, according to Drucker, is to innovate. Stressing the importance of low-tech entrepreneurship, the challenge of balancing technological possibilities with limited resources, and the organisation as a learning organism, he concludes with a vision of an entrepreneurial society where individuals increasingly take responsibility for their own learning and careers.

With a new foreword by Joseph Maciariello

Previous page
  1. ISBN-10
    1138168343
  2. ISBN-13
    978-1138168343
  3. Edition
    1st
  4. Publisher
    Routledge
  5. Publication date
    November 2, 2015
  6. Language
    English
  7. Dimensions
    5.25 x 1 x 7.75 inches
  8. Print length
    368 pages
  9. See all details
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Editorial Reviews

Review

'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

About the Author

Peter F. Drucker (1909-2005) was one of the most famous management theorists, educators and writers of the twentieth century. His many influential books have shaped the form of the modern business corporation and continue to be studied by students of management and business professionals throughout the world.

Product details

  • Publisher ‏ : ‎ Routledge; 1st edition (November 2, 2015)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 368 pages
  • ISBN-10 ‏ : ‎ 1138168343
  • ISBN-13 ‏ : ‎ 978-1138168343
  • Item Weight ‏ : ‎ 16 ounces
  • Dimensions ‏ : ‎ 5.25 x 1 x 7.75 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 428 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
4.5 out of 5
428 global ratings

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!
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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
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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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Ben Jam
4.0 out of 5 stars Good book. Audible version leaves a lot to be desired.
Reviewed in the United States on August 21, 2020
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This is a really good book. I think it is a must read if you are thinking of starting any business venture. The other book I would recommend to compliment this one is the E-Myth Revisited. The E-Myth provides the How. This book provides the What.

This book can be a bit boring at times but the points are well made. If at all possible avoid the Audible version of this book as it leaves a lot to be desired. The audible version is poorly recorded and the narrators voice is a monotonous monotone with his voice tone jumping all over the place in certain sections. If I did not find the value I did in this book I would have definitely requested a refund since the Audible version made it an excruciating listen. I was also unable to download the format 4 audible version and Audible support was of no help. (Note: Format 4 was an option when I purchased the book)
4 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
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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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P. V. de Metter
5.0 out of 5 stars An oppurtunity for you to read!
Reviewed in the United States on March 26, 2008
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The title of this book says it all and I am very happy the book is here to read. Being a business owner with constant innovation within the company, I found this book really helpful. Don't think entrepreneurs are innovative by nature, this is something you choose to do yourself.

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.
5 people found this helpful
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Top reviews from other countries

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Frank Calberg
5.0 out of 5 stars Innovation and entrepreneurship
Reviewed in Germany on March 13, 2023
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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
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Un capolavoro, in alcuni punti di un'attualità quasi sconcertante considerato quanto tempo fa è stato scritto. Grande Drucker.
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Conky
5.0 out of 5 stars What Innovation and Culture Means
Reviewed in Canada on August 6, 2018
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I wish I had read it when it was published, 1984.
The subject of the book has, today, become pop culture.
Drucker is able to relate the philosophy of the subject.
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Rahul
5.0 out of 5 stars Understand Entrepreneurship and Innovation
Reviewed in India on October 21, 2018
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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.
3 people found this helpful
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Joe Nagle
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on December 21, 2017
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Father of management strikes again! This is a must read
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