C1: Entrepreneurial Strategy

Question 1

Technological Entrepreneurship represents a trend within

Answer 1

The entrepreneurial ecosystem

Question 2

4 distinguishable aspects of tech entrepreneurship

Answer 2

1. technological knowledge
2. scientific knowledge
3. Less linear aspect
4. Less predictable aspect

Question 3

How is/does tech entrepreneurship usually
1. planned?
2. emerges?

Answer 3

1. Planned poorly with missed areas in the business model
2. emerges in unpredictable ways

Question 4

VUCA Acronym

Answer 4

Volatility
Uncertainty
Complexity
Ambiguity

Question 5

Technology Definition

Answer 5

Technical, actionable and know-how knowledge generated by individual. Meet specific need of organization or community

Question 6

Technology Product 4 dimensions

Answer 6

science, art, technology, society

Question 7

Technology is not just AI, it is…

Answer 7

how we create it, use it and transform it for ourselves and society

Question 8

Entrepreneurship
And what type of value (2)

Answer 8

identification of opportunities, creation or implementation of new ideas / process. Usually social or economic value

Question 9

Entrepreneurship 5 dimensions

Answer 9

Value creation, innovation, continuity, recovery, sustainability

Question 10

Technological Entrepreneurship Full Definition

Answer 10

Design and deployment of project that combines individuals and heterogeneous assets closely linked to advances in scientific knowledge. Create sustainable value that satisfies society.

Question 11

Technological Entrepreneurship Short Definition

Answer 11

Setting up of new enterprises to exploit technological innovation

Question 12

3-Success Cycle Step of Tech Entrepreneurship

Answer 12

1. Design
2. Implementation and growth
3. Marketing and consolidation

Question 13

Technology Entrepreneurship and how to earn value

Answer 13

create and capture value for firm through projects that combine specialists and assets to produce or adopt technology

Question 14

Technology Entrepreneurship and collaborative experimentation
2 components linked to 2 aspects of technology

Answer 14

new products and assets are linked to scientific and technology advances.

Question 15

Technology Entrepreneurship and specialized human resources

Answer 15

joint production phenomenon - draw from team of specialized individuals from different domains

Question 16

Difference between Technopreneur and Entrepreneur :
Focus

Answer 16

Tech: create and commercialize new technology
Entre: start business in variety of areas

Question 17

Difference between Technopreneur and Entrepreneur : Background/Experience

Answer 17

Tech: engineering or R&D
Entre: wider disciplines

Question 18

Difference between Technopreneur and Entrepreneur :
Funding and Resources

Answer 18

Tech: Need capital and resources to develop and grow
Entre: launch with fewer resources

Question 19

Difference between Technopreneur and Entrepreneur :
Intellectual Property and Branding

Answer 19

Tech: secure intellectual property rights and patenting work
Entre: secure branding and advertising

Question 20

Scott Galoway’s Algorithm of big 4’s (Google, Amazon, Meta and Apple) (8)

Answer 20

1. Product Differentiation
2. Visionary Capital
3. Global Reach
4. Likability
5. Vertical Integration
6. Artificial Intelligence
7. Career Accelerant/ Opportunities
8. Geography

Question 21

Cultural Context (Income level) and Entrepreneurial

Answer 21

Income-level differences in countries may reflect social mores, cultural attitudes, and entrepreneurial activity

Question 22

Top 5 Technology hubs in the world

Answer 22

1. Shanghai, China
2. New York, USA
3. Tokyo, Japan
4. Beijing, China
5. London, UK