The most successful innovators are the creative imitators, the number two.

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

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

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Businessmen will have to learn to build and manage innovative organizations.

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Leadership is all hype. We've had three great leaders in this century: Hitler, Stalin, and Mao.

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Marketing is not a function, it is the whole business seen from the customer's point of view.

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All great change in business has come from outside the firm, not from inside.

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Organizations that are change leaders are designed for change. But people need continuity...they do not function well if the environment is not predictable, not understandable, not known.

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The great majority of executives tend to focus downward. They are occupied with efforts rather than with results. The effective executive focuses on contribution. He looks outward towards goals.

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There are a lot of companies around that need to be restructured and split up, that never had a justification for being.

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