Innovation is the specific instrument of entrepreneurship…the act that endows resources with a new capacity to create wealth.
- Topic: Innovation, Wealth
More Quotes from Peter Drucker
Management is doing things right; leadership is doing the right things.
› Peter Drucker
Whenever you see a successful business, someone once made a courageous decision.
› Peter Drucker
Only 3 things happen naturally in organizations: friction, confusion, and under performance. Everything else requires leadership.
› Peter Drucker
More on These Topics
Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.
› Steve Jobs
To raise new questions, new possibilities, to regard old problems from a new angle, requires creative imagination and marks real advance in science.
› Albert Einstein
America’s abundance was not created by public sacrifices to the “common good,” but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.
› Ayn Rand
An aspiration is a joy forever, a possession as solid as a landed estate, a fortune which we can never exhaust and which gives us year by year a revenue of pleasurable activity.
› Robert Louis Stevenson
To be able to give away riches is mandatory if you wish to possess them. This is the only way that you will be truly rich.
› Muhammad Ali
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
› Bob Marley
If you can't pay for a thing, don't buy it. If you can't get paid for it, don't sell it. Do this, and you will have calm and drowsy nights, with all of the good business you have now and none of the bad.
› Benjamin Franklin
The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bond together the rich and poor in harmonious relationship.
› Andrew Carnegie
All the breaks you need in life wait within your imagination, imagination is the workshop of your mind, capable of turning mind energy into accomplishment and wealth.
› Napoleon Hill
