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Technopreneurship > (3) Lesson 2: Technology Entrepreneurship > Flashcards

(3) Lesson 2: Technology Entrepreneurship Flashcards

1
Q

an Austrian-American Management Consultant

A

Peter Drucker

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2
Q

“The entrepreneurial mystique? It’s not magic, it’s not mysterious and it has nothing to do with the genes. It is a discipline, and likely any discipline, it can be learned.”

A

Peter Drucker

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3
Q

an innovator or developer who recognizes and seizes opportunities

A

entrepreneur

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4
Q

converts these opportunities into workable/marketable ideas

A

entrepreneur

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5
Q

adds value through time, effort, money and skills

A

entrepreneur

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6
Q

assumes the risks of the competitive marketplace to implement the ideas

A

entrepreneur

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7
Q

realizes the rewards from these efforts

A

entrepreneur

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8
Q

the creation or extraction of economic value

A

entrepreneurship

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9
Q

viewed as change, generally entailing risk beyond what is normally encountered in starting a business

A

entrepreneurship

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10
Q

the practice of embarking on a new business or reviving an existing business by pooling together a bunch of resources in order to exploit new found opportunities

A

entrepreneurship

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11
Q

an entrepreneur who uses cutting-edge technology to develop new business

A

technopreneur

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12
Q

involves himself/herself in technological changes in producing goods and services for his/her organization

A

technopreneur

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13
Q

entrepreneurs who used “technology” as their driven factor in transforming resources into goods and services

A

technopreneur

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14
Q

two types of technology entrepreneur

A
  • technology developers
  • technology users
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15
Q

type of technology entrepreneur:

those who develop unique technology capable of of driving a new
business (investors)

A

technology developers

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16
Q

type of technology entrepreneur:

those who see a new technology development and understand how it can be applied to meet a market need (innovators)

A

technology users

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17
Q

simply entrepreneurship in a technology intensive context

A

technological entrepreneurship

18
Q

simply entrepreneurship in a technology intensive context

A

technological entrepreneurship

19
Q

process of merging technology prowess and entrepreneurial talent and skills

A

technological entrepreneurship

20
Q

two processes of technological entrepreneurship

A
  • entrepreneurial process
  • technopreneurial process
21
Q

entrepreneurial process

A
  • opportunity analysis
  • business planning
  • gathering resources
  • implementation
  • scaling and harvesting
22
Q

part of entrepreneurial process which identify the customers need

A

opportunity analysis

23
Q

part of entrepreneurial process which plan everything inline with the business guidelines like SWOT analysis

A

business planning

24
Q

part of entrepreneurial process which gather investors, early-vangelists, market team, etc.

A

gathering resources

25
Q

part of entrepreneurial process which start implementing based on the business plan

A

implementation

26
Q

part of entrepreneurial process which involves monitoring of the business

A

scaling and harvesting

27
Q

technopreneurial process

A
  • idea generation
  • idea screening
  • concept testing
  • business analysis
  • prototyping
  • test marketing commercialization
  • monitoring and evaluation
28
Q

similarities of ENTREPRENEURS to technopreneurs

A
  • able to determine risk and has the courage to take risks
  • independent and self-confident, yet knows where to get help
29
Q

similarities of TECHNOPRENEURS to entrepreneurs

A
  • robust, energetic and can handle stress
  • positive thinker who does dwell on setbacks
30
Q

differences of ENTREPRENEUR and TECHNOPRENEUR

A
  • likes to compete — likes to innovate
  • self-starter — part of a team
  • able to do many things at once — is able to do many things at once, but chooses to delegate
  • likes to work for him/herself and be in control — likes to be the one to control innovation and be part of an innovation
  • focuses attention on the chances of success rather than the possibility of failure — takes failure in stride and knows it will lead to success if correction can be made
31
Q

characteristics of an entrepreneur/technopreneur

A
  • hard working
  • self-confident
  • builds for the future
  • profit-oriented
  • goal-oriented
  • persistent
  • respond to feedback
  • demonstrates initiative
  • willing to listen
  • sets own standards
  • copes with uncertainty
  • committed
  • builds on strengths
  • reliable and has integrity
  • risk-taker
32
Q

technology readiness levels

A
  • idea
  • basic research
  • technology formulation
  • applied research
  • small scale prototype
  • large scale prototype
  • prototype system
  • demonstration system
  • first of a kind commercial system
  • full commercial application
33
Q

a level of technology readiness which refers to unproven concept and no testing has been performed

A

idea

34
Q

a level of technology readiness which refers to the principles postulated and observed but no experimental proof available

A

basic research

35
Q

a level of technology readiness which concept and application have been formulated

A

technology formulation

36
Q

a level of technology readiness where the first laboratory tests are completed; proof of concept

A

applied research

37
Q

a level of technology readiness which built in laboratory environment

A

small scale prototype

38
Q

a level of technology readiness which tested in intended environment

A

large scale prototype

39
Q

a level of technology readiness which tested in intended environment close to expected performance

A

prototype system

40
Q

a level of technology readiness which operates in operational environment at pre-commercial sale

A

demonstration system

41
Q

a level of technology readiness where manufacturing issues solved

A

first of a kind commercial system

42
Q

a level of technology readiness which refers to technology available for consumers

A

full commercial application

Technopreneurship (4 decks)

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