Innovation Quote by Peter Drucker
“Knowledge is the source of Wealth. Applied to tasks we already know, it becomes Productivity. Applied to tasks that are new, it becomes Innovation...”
About This Quote
Source Book: The Effective Executive, 1967
Knowledge fuels wealth; applying known knowledge boosts productivity, while applying it to new areas drives innovation.
In simple terms: Knowledge creates wealth and progress.
Key Takeaway
Leverage knowledge for growth.
Themes
knowledge
wealth
productivity
innovation
Mood
analytical
motivational
Type
business
philosophical
When to use this quote
- business strategy
- personal development
- research
Key Concepts
economics
learning
creativity
Questions to Reflect On
- How do you turn knowledge into new ideas?
- What prevents you from applying knowledge creatively?
A Different Perspective
Innovation requires risk and experimentation.
![“Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then [these?], any man might instantly use what another had invented; so that the inventor had no special advantage from his own invention. The patent system changed this…” quote by Abraham Lincoln](https://sms4smile.com/quotes/img-quotes/449/abraham-lincoln-88_adoption_next-came-the-patent-laws-these-began-in_1828.jpg)
