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

  • 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

    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
  • Powerful Essays

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

    • 1207 Words
    • 5 Pages
    Powerful 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
  • Satisfactory Essays

    The co-op leadership decided that all classes will have 15 student cap with a wait-list of 5 openings. We believe that most moms will take a second choice if necessary. We want to remain flexible with this policy depending on the class. For something like a play or PE, is fine to have a large class, but for most classes smaller classrooms are better. Large classes are not the best fit for co-op for a number of reasons, but three important reasons come to mind:…

    • 184 Words
    • 1 Page
    Satisfactory 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
  • 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
  • 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
  • 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
  • Powerful Essays

    Entrepreneurship

    • 4019 Words
    • 17 Pages

    Strategic management can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives. Strategic management is also an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage. Strategic management includes of understanding the position of an organization, making strategic choices for the future and managing strategic action. In other word, defined as the process by which managers of the firm analyze the internal and external environments for the purpose of formulating strategies and allocating resources to develop a competitive advantage in an industry that allows for the successful achievement of organizational goals.…

    • 4019 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    Entrepreneurship

    • 10971 Words
    • 34 Pages

    Harwood, E. (1982). The sociology of entrepreneurship. In C.A. Kent, D.L. Sexton, & K.H. Vesper…

    • 10971 Words
    • 34 Pages
    Powerful Essays