Peter Drucker is a management guru, educator and author. As an author, he wrote several books incuding “Entrepreneurship & Innovation.” It is one of those books that is worth reading and re-reading because of the wealth of knowledge printed on it. One will have different takeaways from the book, for me it is about the importance of marketing and innovation in profit making. Because of that concept, I was able to develop a Business Model Analysis Tool which seperates operations & its support from marketing.
Here are 10 timeless quotes from Drucker:
The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
Plans are only good intentions unless they immediately degenerate into hard work.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.
Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
The best way to predict the future is to create it.
Management is doing things right; leadership is doing the right things.
The purpose of a business is to create a customer.
If you want something new, you have to stop doing something old.
Whenever you see a successful business, someone once made a courageous decision