Innovation as a function of entrepreneurship was emphasised by

1. Joseph Schumpeter's 1934 'Theory of Economic Development' put innovation at the centre. 2. He identified five forms of innovation: new product, new method, new market, new source, new organisation. 3. Knight focused on risk; Say and Drucker contributed broader views. 4. Hence Schumpeter is the answer. _Source: Maharashtra Balbharati Std XII OCM, Ch 3 "Entrepreneurship Development", §3.2 ¶§3.2_