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Innovation and Entrepreneurship

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Title: Innovation and Entrepreneurship
by Peter F. Drucker
ISBN: 0-88730-618-7
Publisher: HarperBusiness
Pub. Date: 26 May, 1993
Format: Paperback
Volumes: 1
List Price(USD): $16.95
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Average Customer Rating: 4.69 (16 reviews)

Customer Reviews

Rating: 5
Summary: Lessons from the Master of Management Best Practices
Comment: Peter Drucker gave us the thought that "the purpose of a business is to create a customer" a thought that can get lost by entrepreneurs pulled in many directions at once. Innovation is also a subject that few have written about knowledgeably. You will find this book to be a good reference for the principles that will always determine whether or not your focus is proper. And no one needs proper focus more than innovators and entrepreneurs. I also think that you would find it helpful to get an overview of all of Peter Drucker's work by reading Jack Beatty's The World According to Peter Drucker. Also, Peter Drucker's newest book, Management Challenges for the 21st Century, is a good companion piece for Innovation and Entrepreneurship by bringing your attention to the primary trends that will be dominant in the early part of the new century. One of the things that I like about all Peter Drucker books is that they are very well written. This is rare in business books, and a great accomplishment when you realize that Peter Drucker's native tongue is German (he was born in Austria).

Rating: 5
Summary: This book was very informative and well written.
Comment: Peter Drucker wrote an excellent book on innovation and management. One of the reasons I really enjoyed the book is that it gave numerous examples of well known companies throughout the world. In addition, he gave historical information which was enlightening and educational. By giving concrete evidence of his theories, the reader is convinced of the evidence and able to absorb the material. I gained a lot of insight from his work and will be reading more of his books.

Rating: 3
Summary: Enjoyable, but with missing pieces
Comment: I enjoyed reading this book, especially because it focuses so much on anecdotes. I definitely understood Drucker's point that innovation and entrepreneurship come out of changes in the environment.

However, I believe Drucker missed the most important point, which is: What makes someone more able to exploit an opportunity than someone else? For example, he tells a story about how Ray Krok found out about McDonalds, bought it, and made it great. However, I thought he should have focused on why it was Ray Krok, and no one else, who saw the opportunity, rather than how he bought and made McDonalds. It is an entertaining read, but do not expect any lessons on how to be an entrepreneur.

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