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Innovation and Entrepreneurship Paperback – May 9, 2006

4.5 out of 5 stars 451 ratings

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Peter Drucker's classic book on innovation and entrepreneurship

This is the first book to present innovation and entrepreneurship as a purposeful and systematic discipline that explains and analyzes the challenges and opportunities of America's new entrepreneurial economy. Superbly practical, Innovation and Entrepreneurship explains what established businesses, public service institutions, and new ventures need to know and do to succeed in today's economy.

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Editorial Reviews

From the Back Cover

Peter Drucker's classic book on innovation and entrepreneurship

This is the first book to present innovation and entrepreneurship as a purposeful and systematic discipline that explains and analyzes the challenges and opportunities of America's new entrepreneurial economy. Superbly practical, Innovation and Entrepreneurship explains what established businesses, public service institutions, and new ventures need to know and do to succeed in today's economy.

About the Author

Peter F. Drucker is considered the most influential management thinker ever. The author of more than twenty-five books, his ideas have had an enormous impact on shaping the modern corporation. Drucker passed away in 2005.

Product details

  • ASIN ‏ : ‎ 0060851139
  • Publisher ‏ : ‎ Harper Business
  • Publication date ‏ : ‎ May 9, 2006
  • Edition ‏ : ‎ Reprint
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 288 pages
  • ISBN-10 ‏ : ‎ 9780060851132
  • ISBN-13 ‏ : ‎ 978-0060851132
  • Item Weight ‏ : ‎ 8 ounces
  • Dimensions ‏ : ‎ 5.31 x 0.65 x 8 inches
  • Lexile measure ‏ : ‎ 1210L
  • Customer Reviews:
    4.5 out of 5 stars 451 ratings

About the author

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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
451 global ratings

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Customers say

Customers find the book well-written and consider it a must-read for those involved in creating new businesses, highlighting its deep relationship between innovation and entrepreneurship. Moreover, the book provides legendary advice that makes customers pursue opportunities. However, the content receives mixed feedback, with several customers noting that the examples are slightly dated.

36 customers mention "Readability"33 positive3 negative

Customers find the book readable and well-written, with one customer noting it's a must-read for those involved in creating new businesses.

"...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...." Read more

"...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!" Read more

"...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.)..." Read more

"...Some parts, like making explicit the sources of innovation, were pretty good and useful to remember...." Read more

22 customers mention "Entrepreneurship"22 positive0 negative

Customers praise this book for its deep exploration of the relationship between innovation and entrepreneurship, capturing the process of bringing new ideas to market.

"...The book starts by letting you know the the deep relationship between innovation and entrepreneurship, it even starts by using examples which make..." Read more

"...of this well written book is that it establishes the intellectual boundaries of innovation and entrepreneurship...." Read more

"...The do's of innovation: 1. Purposeful, systematic innovation with analysis of opportunities 2. Conceptual & perceptual innovation 3...." Read more

"...Great great book. A must-read for the budding entrepreneur." Read more

19 customers mention "Advice"19 positive0 negative

Customers find the book provides legendary advice that makes them pursue opportunities, with one customer noting that the insights and strategies remain relevant.

"...The do's of innovation: 1. Purposeful, systematic innovation with analysis of opportunities 2. Conceptual & perceptual innovation 3...." Read more

"...he said reminded me of The E-Myth Revisited, but this book took the topic more seriously...." Read more

"...of these sources has their own chapter and each of these sources is described fairly well with mostly good example...." Read more

"...from being a great read, the book encourages action and makes you pursue opportunities. It has helped me in building and growing my company...." Read more

8 customers mention "Dated content"3 positive5 negative

Customers have mixed opinions about the book's content, with several noting that the examples are slightly outdated.

"...However, some of the examples necessarily reflect 1985 conditions and some of the socio-cultural assumptions are a bit off-putting in today's..." Read more

"...relationship between innovation and entrepreneurship, it even starts by using examples which make the entire book much easier to understand...." Read more

"...Some of the examples feel dated, however you can add modern day examples to enhance the learning...." Read more

"Although slightly dated regarding examples it's all up to date when it comes to the principles of innovations and entrepreneurship!..." Read more

Top reviews from the United States

  • Reviewed in the United States on December 5, 2017
    Format: PaperbackVerified Purchase
    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
    Report
  • Reviewed in the United States on December 30, 2021
    Format: PaperbackVerified 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!
    One person found this helpful
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  • Reviewed in the United States on August 21, 2020
    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
    Report
  • Reviewed in the United States on April 24, 2011
    Format: PaperbackVerified Purchase
    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
    Report
  • Reviewed in the United States on February 6, 2010
    Format: KindleVerified Purchase
    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.
    7 people found this helpful
    Report

Top reviews from other countries

  • Riham
    5.0 out of 5 stars Useful
    Reviewed in the United Arab Emirates on August 15, 2024
    Format: PaperbackVerified Purchase
    Peter Druker's books are worthy and full of knowledge and information
  • Jorma Nevaranta
    5.0 out of 5 stars Excellent classic
    Reviewed in the United Kingdom on July 18, 2013
    This is really a classic, versatile review about innovation and entrepreneurship. Written in 1985 it already forecasts Internet's future and also other important business and innovation items.
  • Frank Calberg
    5.0 out of 5 stars Innovation and entrepreneurship
    Reviewed in Germany on March 13, 2023
    Format: KindleVerified Purchase
    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.
  • Irfan Ghauri
    5.0 out of 5 stars visionary, challenging and hilarious (yes)!
    Reviewed in France on August 24, 2014
    What hindsight shows overlaps with PD's foresight in so comprehensive a fashion that one seems to be sitting today in a classroom attending a lecture of his.

    I do find his text hilarious in its tone in certain places but hair-raising at the same time.
  • KhorfElliott
    5.0 out of 5 stars Yup
    Reviewed in Canada on June 9, 2024
    Format: PaperbackVerified Purchase
    Purchased a used edition. Quality purchase for the price point. God length of read for Peter Drucker. Dated but still relevant.