Innovation and Entrepreneurship

A must read for entrepreneurs | Innovation and Entrepreneurship by Peter F. DruckerIf 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.

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!

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)

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 innovationII. Practice of entrepreneurshipIII. Entrepreneurial strategiesWhat i like about this book is talking about creative imitation and:The do's of innovation:1. Purposeful, systematic innovation with analysis of opportunities2. Conceptual & perceptual innovation3. Simple innovation4. Effective innovation start small5. Successful innovation aims at leadershipThe don'ts of innovation:1. Not to be too clever2. Don't diversify, don't splinter, don't try to do too many things at once3. Don't try to innovate for the futureThe 3 Conditions of innovation:1. Innovation is work, it requires knowledge2. To succeed, innovators need to built on their strengths3. Innovation has to be close to the market & focus on the market, indeed market-drivenBuy this book if you wish to have innovation in your company.

The other 5 star reviews on here said it well already, but I just wanted to add my appreciation for this book to the pile. This is a REALLY good book. I couldn't even put it down. I have loads of highlighting, bookmarks, and notes already in it (Kindle ed.) and I am definitely going to be re-reading this book more than a few times.Some of what he said reminded me of The E-Myth Revisited, but this book took the topic more seriously. Drucker wasn't messing around here or trying to be philosophical about things. This book was originally published in 1985 when I was only 1 year old, and it seems to me that the things he talked about then are still highly relevant today. Also, since the book was written, the types of things he predicted would happen largely DID happen (and are, still,) which only makes Drucker's ideas even more credible.Great great book. A must-read for the budding entrepreneur.