Innovation and Entrepreneurship

"The husband and wife who open another delicatessen store or another Mexican restaurant in the American suburb surely take a risk. But are they entrepreneurs? All they do is what has been done many times before."

"Systematic innovation means monitoring seven sources for innovative opportunity."

"The unexpected success is not just an opportunity for innovation; it demands innovation."

"We may understand a process and still not have the knowledge to do the job."

"Four near-certain, highly visible indicators of impending change in industry structure can be pinpointed."

"Static populations staying in one place for long periods of time have been the exception historically rather than the rule."

"Knowledge-based innovation has the longest lead time of all innovations."

"Bright ideas are the riskiest and least successful source of innovative opportunities."

"Purposeful, systematic innovation begins with the analysis of the opportunity."

"How can we overcome the resistance to innovation in the existing organization?"

"In businesses that want to create receptivity to entrepreneurships, special care is therefore taken that the opportunities are also attended to."

"For a business to be receptive to entrpreneurship, innovative performance must be included among the measures by which that business controls itself."

"To be an entrepreneur on the side rarely works."

"As a new venture develops and grows, the roles and relationships of the original entrepreneurs inexorably change. If the founders refuse to accept this, they will stunt the business and may even destroy it."