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Side a of tape 3, from day one of Drucker’s Entrepreneurship and Innovation course. Drucker discusses the notion that entrepreneurship means starting a new business, observing that few new businesses actually innovate. Small businesses are governed by daily crises and seldom have the resources to innovate. Drucker argues that, historically, very little innovation has come from outside existing organizations. New fields are better suited to foster innovation, and Drucker mentions software companies as an example. He recommends forgetting the myth of incompatibility between management and innovation. Drucker then goes on to discuss the innovations of the 1800s, in particular the transportation of people.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Small business - United States New business enterprises - United States Entrepreneurship Lectures and lecturing Decision making Innovation Learning Professional development Peter F. Drucker Graduate Management Center Productivity Organization structure