Innovation and Entrepreneurship
Peter F. Druckers "Innovation and Entrepreneurship" is a great work from a knowledgeable author. The author is known for his immense experience within the management field but in this exploration he attacks the topic from the perspective of a manager. The great thing here is that all of these fields (including leadership) are so closely related that they do need to find a happy mesh. Unfortunately, management and entrepreneurship have a love-hate relationship which Drucker attempt's to help. In this book review we'll look at the positive things and the negative from a learning leader perspective.
Important Info: When we refer to a 'learning leader' perspective what we mean is that this site is primarily built for leadership theory and traits. Although we incorporate management, innovation and entrepreneurship we want you to learn the most to become a great leader.
Overall Opinion: Innovation and Entrepreneurship
I've spent a long time thinking through the information presented by Drucker and although I have my reservations, his critical thinking is somewhat flawless. When reading this book you have to keep in mind the time and perspective of when it was written. The 1980's were an interesting time in the business world, they struggled to adapt to modern principles and ideology and this ultimately lead to the decrease of the major companies mentioned by the author.
It's actually fascinating in Drucker's examples, many of the company's he praises for innovative ideals actually fell on their face in the 1990's and to this day. Obviously they didn't continue the good work that the author observes but looking back on it retrospectively you can see that innovation and entrepreneurship are vital to any business.
The first part of the book is focused on innovation and analytical thought around the examples of success in the 80's birthing the idea of a 'modern' entrepreneur. Towards the end of the book Drucker brings it all together to show how these entrepreneur's need managerial infrastructure to succeed. This is very typical Drucker but done exceedingly well, and rightly so!
As with any leadership structure in modern society, a team dynamic is absolute pivotal. If you're an entrepreneur then you should built a team of managers, leaders and innovators to bring diversity and the necessary skills to your ideas. If you fall into the other categories you need the others to be around you also, they may not think like you but they bring wisdom to areas where you'll be lacking.
- Drucker is one of the most experienced voices in this topic field even today. In his lifetime he accomplished so much of what academia is teaching today that his ideology cannot be ignored or passed off as 'old school'.
- Although his examples are not modern you can easily use your own critical mind to draw modern examples to his. I definitely thought of Apple's success when he referred to innovative thinking businesses.
- If you have entrepreneurial traits then this book is a must to organize your thoughts and anchor your mind. The entrepreneur is often like a firework, it shoots off and makes a brilliant spectacle but fades away after an amount of time due to it's limiting of ability. Engage your mind to get the most from this book!
- We've already mentioned but the examples are out of date. It would be brilliant if a modern scholar took up this work to edit. The problem here is that unless you can do a lot of research or you lived through the 80's a lot of his argument is hard to substantiate. This isn't terrible but it's a drawback.
- Druckers own perspective isn't necessarily a 'con' but it's a normative evil when it comes to books. This is only something to keep in mind rather than not read because of it, but any author have their own agenda's and rightly so. An author writes a book because they think that the information in it is vital, I believe Drucker's advice and ideals are vital but he is a 'management' expert and will always attack a topic with those ideals also.
- 'Innovation and Entrepreneurship' is written in a very academic tone. It comes from a collection of his University lectures on this topic that he's turned into a book. If you've studied a degree then the tone would be quite comfortable and scholarly, but if you haven't then it may be a hard read. Now, it's not wrong that you struggle to read this book but we don't want you to struggle so much and give up without learning anything. Please keep this in mind if you're thinking of buying, but don't be afraid! Rather be courageous as I think this book is worth it.
We hope that this book review has been of help to you. We're great fans of the author and innovation especially. If you liked 'innovation and Entrepreneurship' then why not have a look at our creative innovation hub.