Innovation and Entrepreneurship: Practice and Principles by Peter F. Drucker

By Peter F. Drucker

Peter Drucker's vintage ebook on innovation and entrepreneurship this can be the 1st publication to offer innovation and entrepreneurship as a useful and systematic self-discipline that explains and analyzes the demanding situations and possibilities of America's new entrepreneurial economic system. fantastically functional, Innovation and Entrepreneurship explains what proven companies, public provider associations, and new ventures want to know and do to reach brand new economic system.

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But they were deliberately designed for a new and different “market”—for people in mid-career rather than for youngsters fresh out of high school; for big-city students commuting to the university at all hours of the day and night rather than for students living on campus and going to school full time, five days a week from nine to five; and for students of widely diversified, indeed, heterogenous backgrounds rather than for the “college kid” of the American tradition. They were a response to a major shift in the market, a shift in the status of the college degree from “upper-class” to “middleclass,” and to a major shift in what “going to college” means.

Pioneering work in this area is also being done in Texas—in San Antonio and in Houston, for instance—and especially in Minneapolis at the Hubert Humphrey’ Institute of the University of Minnesota. Control Data Corporation, a leading computer manufacturer also in Minneapolis, is building public-private partnerships in education and even in the management and rehabilitation of prisoners. And if there is one action that can save the postal service in the long run—for surely there is a limit to the public’s willingness to pay ever larger subsidies and ever higher rates for ever-shrinking service—it may be the contracting out of first-class service (or what’s still left of it ten years hence) to the “Fourth Sector,” through competitive bids.

We are also in the throes of a major political crisis, the crisis of that great twentieth-century success the Welfare State, with the attendant danger of an uncontrolled and seemingly uncontrollable but highly inflationary deficit. There is surely sufficient danger in the international economy, with the world’s rapidly industrializing nations, such as Brazil or Mexico, suspended between rapid economic takeoff and disastrous crash, to make possible a prolonged global depression of 1930 proportions.

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