Book: Innovation and Entrepreneurship

03.Oct.2009

Innovation and Entrepreneurship is a famous book by Peter Drucker, known as the father of the management science. Its an essay on how innovation can be a systematic process and entrepreneurship a more predicable activity. All followed with a good number of examples.

Besides describing all the subjects covered in the book, I’ll leave you with important opinions I collected:

  • Vision on opportunity – On project reports, don’t search only for problems, search also for opportunities, things that worked better than expected.
  • Expect that everything will be changed or disappear in a 3 years span, to encourage the fact that innovation is necessary.
  • If you want to have a successful innovative project, start with three ideas at least.
  • Have a meeting with the junior workers and ask them for new ideas, values and vision. Those who propose new ideas should get to work and develop them.
  • Measure innovation performance to learn what resources and time are typically needed, and to know when a project is not performing well.
  • Innovation should be set aside of the other business projects, and have distinct objectives, metrics and rewards.
  • Entrepreneurship is not so much a personality trait, and more a result of culture, structure and process.

It’s on Google Books so take a look:


The complete list of reviewed books.

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