Innovation is the specific instrument of entrepreneurship...the act that endows resources with a new capacity to create wealth.

If you want something new, you have to stop doing something old

What we need is an entrepreneurial society in which innovation and entrepreneurship are normal, steady and continuous.

Whenever anything is being accomplished, it is being done, I have learned, by a monomaniac with a mission.

The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.

How can we overcome the resistance to innovation that plagues most organizations?

There are companies that are good at improving what they're already doing. There are companies that are good at extending what they're doing. And finally there are companies that are good at innovation. Every large company has to be able to do all three - improve, extend, and innovate - simultaneously.

Marketing and innovation produce results; all the rest are costs.

Marketing and innovation make money. Everything else is a cost.