By Peter F. Drucker
Peter Drucker's vintage e-book on innovation and entrepreneurship this can be the 1st e-book to give innovation and entrepreneurship as a functional and systematic self-discipline that explains and analyzes the demanding situations and possibilities of America's new entrepreneurial economic system. beautifully sensible, Innovation and Entrepreneurship explains what tested companies, public carrier associations, and new ventures want to know and do to reach modern financial system.
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Additional info for Innovation and Entrepreneurship: Practice and Principles
Example text
The number of new entrants into the American work force will be up to one-third smaller for the rest of the century—and indeed through the year 2010—than it was in the years when the children of the “baby boom” reached adulthood, that is, 1965 until 1980 or so. Since the “baby bust” of 1960–61, the birth cohorts have been 30 percent lower than they were during the “baby boom” years. And with the labor force participation of women under fifty already equal to that of men, additions to the number of women available for paid jobs will from now on be limited to natural growth, which means that they will also be down by about 30 percent.
But in the first place the founders systematized the technical information: they can now punch the performance specifications into their computer and get an immediate printout of the treatment required. Secondly, the founders systematized the process. Few orders run to more than half a dozen pieces of the same dimension, the same metallic composition, the same weight, and the same performance specifications. Yet the castings are being produced in what is, in effect, a flow process rather than in batches, with computer-controlled machines and ovens adjusting themselves.
Industry declined by almost 2 percent, the hundred mid-sized growth companies increased their employment by one full percentage point. The companies span the economic spectrum. There are high-tech ones among them, to be sure. But there are also financial services companies—the New York investment and brokerage firm of Donaldson, Lufkin & Jenrette, for instance. One of the best performers in the group is a company making and selling living-room furniture; another one is making and marketing doughnuts; a third, high-quality chinaware; a fourth, writing instruments; a fifth, household paints; a *It was published under the title “Lessons from America’s Mid-sized Growth Companies,” by Richard E.