A Quote by Peter Drucker

Above all, innovation is not invention. It is a term of economics rather than of technology. — © Peter Drucker
Above all, innovation is not invention. It is a term of economics rather than of technology.
All preceptors should have that kind of genius described by Tacitus, "equal to their business, but not above it;" a patient industry, with competent erudition; a mind depending more on its correctness than its originality, and on its memory rather than on its invention.
I left college two months ago because it rewards conformity rather than independence, competition rather than collaboration, regurgitation rather than learning and theory rather than application. Our creativity, innovation and curiosity are schooled out of us.
Innovation transforms the useful seeds of invention into widely adopted solutions valued above every existing alternative.
In addition to encouraging failure, I would also encourage companies to broadly create a culture of innovation. That should mean more than just technology and invention; it should mean something millennials know well: Ingenuity.
It is difficult to predict technology more than 10 years out with any certitude, but what I observe is that change and innovation happens earlier and faster than we expect. We are constantly surprised at what technology can do.
Generally, the technology that enables disruption is developed in the companies that are the practitioners of the original technology. That's where the understanding of the technology first comes together. They usually can't commercialize the technology because they have to couple it with the business model innovation, and because they tend to try to take all of their technologies to market through their original business model, somebody else just picks up the technology and changes the world through the business model innovation.
But innovation is more than a new method. It is a new view of the universe, as one of risk rather than of chance or of certainty. It is a new view of man's role in the universe; he creates order by taking risks. And this means that innovation, rather than being an assertion of human power, is an acceptance of human responsibility.
We judge economics by what it can produce. As such, economics is rather more like engineering than physics: more practical than spiritual.
Invention is the root of innovation. Innovation is the major force for change in the future.
We begin to change the world when we stimulate long-term prosperity using technology. There is not a problem that's large enough that innovation and entrepreneurship can't solve.
Innovation tends to be quite siloed in most organizations. There is usually a group over in one corner charged with innovation rather than making it everyone's responsibility.
Anyone who has studied the history of technology knows that technological change is always a Faustian bargain: Technology giveth and technology taketh away, and not always in equal measure. A new technology sometimes creates more than it destroys. Sometimes, it destroys more than it creates. But it is never one-sided. The invention of the printing press is an excellent example. Printing fostered the modern idea of individuality but it destroyed the medieval sense of community and social integration.
Sustainable solutions based on innovation can create a more resilient world only if that innovation is focused on the health and well-being of its inhabitants. And it is at that point - where technology and human needs intersect - that we will find meaningful innovation.
Economics anxiety may be even more common than the often identified 'math anxiety,' for unlike math, which has its personal uses, economics is seen as a mysterious set of forces manipulated from above.
Because we imagine, we can have invention and technology. It's actually play, not necessity, that is the mother of invention.
The interesting thing about overthinking and procrastination is sometimes they can actually evolve into innovation and creativity in the short term. Letting an idea grow in your mind in the short term with a deadline and a plan can actually lead to innovation and creativity.
This site uses cookies to ensure you get the best experience. More info...
Got it!