(1) Technopreneurship for Engineers Flashcards
why teach technopreneurship skills to engineers and scientists
- to support regional economic development
- for student skill development - to help engineers and scientists to better understand the business side
- to increase the university’s competitive edge
- to increase the nation’s competitiveness in this century’s global economy
“Our nation needs engineers who not only can solve engineering problems but can participate in bringing ideas and products to market.”
Frank Huband, Director, ASEE
doing things better
the adaptive entrepreneur/engineer
higher, faster, cheaper, improved
the adaptive entrepreneur/engineer
doing things differently
the inventive entrepreneur/engineer
solved problems in tried and understood ways
adaptor
new, risky, breakthrough
the inventive entrepreneur/engineer
two types of engineers/entrepreneurs based on Michael J. Kirton’s KAI model (Kirton’s Adaptation-Innovation Theory)
- adaptor
- innovator
works for slow, incremental change: continuous improvement
adaptor
seen as authority in current paradigm
adaptor
discovers problems and avenues of solution; questions assumptions; reframes problems
innovator
takes control in unstructured situations; invents; provides dynamics to bring about radical changes, new paradigms
innovator
seen as adaptor as unsound, impractical, shocking
innovator
precise, reliable, disciplined, prudent, conforming
adaptor
essential to the functioning system
adaptor
when collaborating with investors, supplies stability, order, and continuity to the partnership
adaptor
impatient with routine and detail; works best at the fringes
innovator
valued for communicating information on advanced technologies
innovator
when collaborating with adaptors, supplies strategic vision and breakout ideas, although perceived as undisciplined and chaotic
innovator
become entrepreneur
inventors
find new problems to solve
initiators
“dream up” ideas
creators
research phenomena
discoverers
work on given problems
problem solvers
“plug and chug”
assistants
a person who always finds out the opportunities and converts it into reality in the form of products and services to maximize profit and develop their business
entrepreneur
a person who is engaged in technopreneurship creates a product or solution that uses technological solutions to change the way of doing something in an orthodox ways
technopreneur
an American technology company
Uber
services offered by Uber
- ride-hailing
- food delivery
- package delivery
- couriers
- freight transportation
this is not a product but a procedure of synthesis to improve and innovate the future of a person, a nation, and the globe as a whole
technopreneurship
“Comprises of identifying modern technologies and even creation of technological opportunities by the presentation of commercial products and services.” - Blanco (2007)
technopreneurship
technopreneurship = _____ + _____
- technology
- entrepreneurship
entrepreneurship in the field of technology
technopreneurship
combination of technological advancements and entrepreneurial skills
technopreneurship
suitable for a person who is intelligent, innovative, tech-savy, and passionate in the calculation of risk
technopreneurship
gets to the next level of success through teamwork
technopreneurship
the merging of knowledge in technology with entrepreneurship skills
technopreneurship
it requires not only technical knowledge but also a thorough understanding of creativity, the innovation process, marketing, finance, and strategic thinking
technopreneurship
technopreneurship trilogy
- technician
- entrepreneur
- manager
entrepreneurs who start and manage their own technology business
technopreneurs
examples of technopreneurs
- bill gates (microsoft)
- sergey brin & larry page (google)
- jack dorsey (twitter)
- steve jobs (apple)
importance of technopreneurship
- creating employment opportunities
- use of local resources
- business diversification and decentralization
- technological advancement
- capital formation
- promotion of entrepreneurial activities
steps on how to become a technopreneur
- build a team
- boost problem-solving skills
- decision making
- implementation + hard work & determination
main focus of technopreneurship
- hi-tech ventures in Information and Communication Technology (ICT), the internet, life services, electronics, and biotech
- service firm where the main focus is technology
- designing of hi-tech products such as computer hardware and devices
- use of technology in delivery of normal business activities
true or false:
technopreneurship is a product and a procedure to come up with human innovations with the help of technology
false - not a product
true or false:
technopreneurship is all about making improvements and bring ample benefits in reducing the cost of other businesses
true
true or false:
it is easy to develop, distribute, store, process, and even access information at a cheap cost; physical space is covered with thousands of papers and now, it is simple to store it as a technological element
true
