--- title: "Meaning & Key Takeaway of: There are companies that are good at…" description: "\"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 final..." image: "https://sms4smile.com/quotes/i/23a/peter-drucker-393_able_there-are-companies-that-are-good-at-imp_630519.jpg" --- # There are companies that are good at improving what… ![“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…” quote by Peter Drucker](https://sms4smile.com/quotes/i/23a/peter-drucker-393_able_there-are-companies-that-are-good-at-imp_630519.jpg) [Download](https://sms4smile.com/quotes/i/23a/peter-drucker-393_able_there-are-companies-that-are-good-at-imp_630519.jpg) [Open image](https://sms4smile.com/quotes/i/23a/peter-drucker-393_able_there-are-companies-that-are-good-at-imp_630519.jpg) > “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.” [Peter Drucker](https://sms4smile.com/quotes/author/peter-drucker/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Successful large firms must simultaneously refine existing operations, broaden their scope, and create truly new offerings. **In simple terms:** Big companies need to improve, expand, and innovate at the same time. Key Takeaway Balance refinement, growth, and invention. Themes business strategy innovation growth efficiency Mood analytical strategic pragmatic Type business leadership When to use this quote - product development - market expansion - process optimization - R&D management Key Concepts continuous improvement strategic extension disruptive innovation Questions to Reflect On - How can a company nurture all three capabilities? - What structures support simultaneous improvement and innovation? A Different Perspective Innovation can be stifled by bureaucracy; balancing all three is challenging. ★ ★ ★ ★ ★ No ratings yet [Able](https://sms4smile.com/quotes/about/able/) [Business](https://sms4smile.com/quotes/about/business/) [Companies Good](https://sms4smile.com/quotes/about/companies-good-377839/) [Company](https://sms4smile.com/quotes/about/company/) [Doing Companies](https://sms4smile.com/quotes/about/doing-companies-4440836/) [Extend Innovate](https://sms4smile.com/quotes/about/extend-innovate-5083008/) [Extending](https://sms4smile.com/quotes/about/extending/) [Good Innovation](https://sms4smile.com/quotes/about/good-innovation-2318547/) [Improving](https://sms4smile.com/quotes/about/improving/) [Innovate Simultaneously](https://sms4smile.com/quotes/about/innovate-simultaneously-5083007/) [Innovation](https://sms4smile.com/quotes/about/innovation/) [Large companies](https://sms4smile.com/quotes/about/large-companies/) [Technology](https://sms4smile.com/quotes/about/technology/) [Three](https://sms4smile.com/quotes/about/three/) ## Related quotes > [Large companies are very good at solving extremely complex problems in a globally optimal way.](https://sms4smile.com/quotes/thomas-pogge/large-companies-are-very-good-at-solving-extremely-complex-problems/) [Thomas Pogge](https://sms4smile.com/quotes/author/thomas-pogge/) > [While I'm a venture capitalist who invests in early-stage tech companies, I often feel like a professional emailer and conference call maker. 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