Abhi Yerra's Reviews > Innovation and Entrepreneurship: Practice and Principles
Innovation and Entrepreneurship: Practice and Principles
Abhi Yerra's review
Mar 14, 2016
Reading Drucker is like reading the source that every other business author seems to go to. He has basically distilled Innovation and Entrepreneurship to a management science. The effective strategies to use and the different types of innovations that are possible. Not all of them have to be high tech and not all of them have to be based on new knowledge. They can be boring like coming up a mechanism for a farmer to pay for a tractor in installments also known as an installment plan. In the book Drucker uses multiple examples of innovation in both industry as well as governmental/nonprofits and recommends a practice which is basically akin to the Lean Startup/Toyota Method. Though it was first published in 1984 the book is great and should be read by anyone who is going to be an entrepreneur. I highly like his view that an entrepreneur is not a risk taker per se but who has managed the risk that they are going to be embarking upon.
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