“For Schumpeter the most important firms are those that serve as the vehicles for action of the real drivers of the system — the innovating entrepreneurs.”
Source: "Towards a strategic theory of the firm." 1997, p. 134
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Richard Rumelt 25
American economist 1942Related quotes

Source: 1930s-1950s, "The Nature of the Firm" (1937), p. 393

“The most important prerequisite for becoming an entrepreneur is the ownership of capital.”
Source: Theory of Economic Dynamics (1965), Chapter 8, Entrepreneurial Capital and Investment, p. 95
“Most of their real innovation comes from the market”
Source: In Search of Excellence (1982), p. 159.

Always invest in businesses of the future and in talent

“Let’s free entrepreneurs to do what they do best – innovate, grow, and hire.”
Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

Source: The 80/20 Individual (2003), Chapter: The 80/20 Principle Is at the Heart of Creation
Source: Game-Changing Strategies, 2013, p. 66