Preview

Entrepreneurship

Good Essays
Open Document
Open Document
4702 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Entrepreneurship
The Discipline of Innovation by Peter F Drucker .

Reprint r0208f

August 2002

HBR Case Study The Sputtering R&D Machine
Martha Craumer

r0208a

Voices Inspiring Innovation Creativity Under the Gun
Teresa M. Amabile, Constance N. Hadley, and Steven J. Kramer

r0208b

r0208c

The Failure -Tolerant Leader
Richard Farson and Ralph Keyes

r0208d r0208e

Breaking Out of the Innovation Box
John D. Wolpert

Best of HBR The Discipline of Innovation
Peter F Drucker .

r0208f r0208g r0208h r0208j

Research That Reinvents the Corporation
John Seely Brown

Tough-Minded Ways to Get Innovative
Andrall E. Pearson

Organizing for Innovation: When Is Virtual Virtuous?
Henry W. Chesbrough and David J. Teece

Creativity Is Not Enough
Theodore Levitt

r0208k

In Closing Stumbling into Brilliance
Danny Hillis

r0208l

BEST OF HBR

1985

The Discipline

of Innovation by Peter F Drucker .
How much of innovation is inspiration, and how much is hard work? If it’s mainly the former, then management’s role is limited: Hire the right people, and get out of their way. If it’s largely the latter, management must play a more vigorous role: Establish the right roles and processes, set clear goals and relevant measures, and review progress at every step. Peter Drucker, with the masterly subtlety that is his trademark, comes down somewhere in the middle. Yes, he writes in this article, innovation is real work, and it can and should be managed like any other corporate function. But that doesn’t mean it’s the same as other business activities. Indeed, innovation is the work of knowing rather than doing. Drucker argues that most innovative business ideas come from methodically analyzing seven areas of opportunity, some of which lie within particular companies or industries and some of which lie in broader social or demographic trends. Astute managers will ensure that their organizations maintain a clear focus on all seven. But analysis will

You May Also Find These Documents Helpful

  • Powerful Essays

    - One who creates a new business in the face of risk and uncertainty for…

    • 1207 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Entrepreneurship 1

    • 1087 Words
    • 6 Pages

    Corporations, being the main one, but also LLC structures could possibly protect your personal liability.…

    • 1087 Words
    • 6 Pages
    Good Essays
  • Good Essays

    This sort essay is what I captured after I read Innovation and entrepreneurship, author by Peter Druker.…

    • 401 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Leadershi in Business

    • 678 Words
    • 3 Pages

    Cited: Davila, T., Epstein, M. J and Shelton, R. Making Innovation Work: How to Manage It, Measure It, and Profit from It. Upper Saddle River, NJ: Wharton School Publishing.2006. Print…

    • 678 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneurial

    • 708 Words
    • 3 Pages

    Commitment, determination, and perseverance are the only characteristics one needs to become a successful entrepreneur.…

    • 708 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    entrepreneurship

    • 2951 Words
    • 10 Pages

    KEEP A COPY Please be sure to make a copy of your work. If you have submitted assessment work electronically make sure you have a backup copy.…

    • 2951 Words
    • 10 Pages
    Satisfactory Essays
  • Good Essays

    Peter Drucker, in his article of HBS discusses the sources and types of innovation and analyzes through examples where different types of innovations stand. Firstly he asks the question whether innovation is hard work or as believed by many inspiration. He argues that innovation is mostly the resuly of hard, disciplined work as opposed to inspiration. Then he goes on to discuss the profile of innovative organizations and their managers. He thinks that establishing roles and processes, setting goals and measures and reviewing progress step by step in innovation is on end where as hiring right people and getting out of their way is the other. He concludes that innovation is an outcome of an organizational/managerial profile which is in the middle of the these two ends. He discusses that having an entrepreneurial personality is not necessary for innovation to occur; whereas commitment to systematic practice of innovation is required.…

    • 472 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Creativity in Organizations

    • 3645 Words
    • 15 Pages

    (1) INTRODUCTION: Creativity in organisations may be defined as the process by which new ideas that make innovation possible are developed. It is the ability to generate novel and useful ideas and solutions to everyday problems and challenges. For many years, technology has supplanted people in the performance of many routine jobs and has increasingly assumed prominence in more sophisticated processes. The universal availability of inexpensive technology has created a highly competitive global marketplace and fuelled the growth of robust, knowledge- based economies in developing countries, with India and China as the prime examples. Developed countries such as the United states no longer claim a competitive advantage based on exclusive access to advanced technology and a well trained workforce.…

    • 3645 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Entrepreneurship

    • 517 Words
    • 3 Pages

    Entrepreneurship is the act of being an entrepreneur. It means taking risks and creating a buisness or idea to fallow an opertunity or dream. Entrepreneurship effects the society we live in greatly, it is a positive thing because people fallow dreams which makes them happy, and their buisness provides citizens with the goods or services they need in their lives. Entreprenuers are creating large and small buisnesses locally. The Entreprnuers hire local workers and they have jobs and are happy, so entrepreneurship affects society in a positive way.…

    • 517 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Entrepreneur

    • 882 Words
    • 4 Pages

    Breaking up the market into segments by the Entrepreneur can be the key to a small business’s success. The beauty of target marketing is that it makes the promotion, pricing and distribution of the Business’ products and/or services easier. The process could be carried out on the basis of Geographic, Demographic and Psychographic considerations. The process could also help identify feasible business opportunities; but the Entrepreneur needs to answer several questions including the following: Is there a customer base for you in your chosen target market?…

    • 882 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Innovation is a source of advancement and development. The management guru Peter Drucker observes that ‘innovation is…

    • 933 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Entrepreneurship

    • 2711 Words
    • 11 Pages

    Ananda Krishnan was born in 1938 in Brickfields, Kuala Lumpur's "Little India" to Tamil parents, who were Sri Lankan immigrants. He studied at Vivekananda Tamil School in Brickfields, Kuala Lumpur and furthered his studies at Victoria Institution, Kuala Lumpur. Later, as a Colombo Plan scholar, he attended the University of Melbourne, Australia for his B.A. (Honours) degree majoring in political science. During that time he boarded in the Melbourne suburb of Hawthorn. Following that, Krishnan obtained a Masters in Business Administration at Harvard University, graduating in 1964. Tatparanandam Ananda Krishnan is a Malaysian Indian businessman and philanthropist. Nicknamed A K, currently he is estimated to have a net worth of US$9.6 billion. according to latest annual list of wealthiest people, making him the second wealthiest in Southeast…

    • 2711 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    Leadership and Innovation

    • 1273 Words
    • 6 Pages

    In many organizations innovative work is something special, and very often running outside the routine business processes. But innovation activities should go into ‘flesh and blood’ of organizations, and thereby achieving real breakthroughs in the market.…

    • 1273 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Entrepreneurship means the act of being an entrepreneur. It is as old as civilization. Many famous economist like David Ricardo and Adam Smith emphasized not much of the role played by entrepreneurship in the society. Richard Cantillon equated entrepreneurship with a capitalist, but it was Joseph Schumpeter who recognized entrepreneurship as the way out to bring about a dynamic change in the economy.…

    • 1739 Words
    • 6 Pages
    Best Essays
  • Satisfactory Essays

    MARA-UMS are collaborating together to create an event "International Conference on Entrepreneurship 2013' in conjunction with Entrepreneurship Expo @1Borneo Hyper mall, 29 Oct - 3 November 2013.…

    • 597 Words
    • 3 Pages
    Satisfactory Essays