techno Flashcards
is a business
term that refers to entrepreneurs
who specialize in the area of
information technology.
Technopreneurship
is defined as the entrepreneurial
and intrapreneurial activities of both
existing and nascent companies
operating in technology-intensive
environments.
Technopreneurship
is a combination of the words ‘technology’
and ‘entrepreneurship’. It is a type of technology-related
entrepreneurship. However, unlike entrepreneurship which may often be
a one-person show, it requires tech-savvy, creative, imaginative people
who can take on a calculated risk.
Technopreneurship
Here are some important things for entrepreneurs to consider when it comes to
technopreneurship:
1.Technology has enabled everything to be effectively managed,
time-efficient, and cost-effective in a company.
2.Entrepreneurs may come up with both odd and sensible ideas
for their company; thereby helping it expand in terms of profit,
revenue, and other important business metrics.
3.For many years to come, technopreneurship will continue to assist in
finding work by developing or inventing a new product.
An innovator or developer who recognizes and seizes opportunities;
converts these opportunities into workable/marketable ideas; adds
value through time, effort, money or skills; assumes the risks of the
competitive marketplace to implement these ideas; realizes the
rewards from these efforts. (Kuratko & Hodgetts,2007)
ENTREPRENEUR?
is 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
Entrepreneurship?
An entrepreneur who uses cutting-edge technology to develop new
business. (Daniel Mankani, 2003)
Is an entrepreneur who involves himself in technological changes in
producing goods and services for his organization. (Sarimah Hanim
& Abd. Rashid,2008)
They are entrepreneurs who used “technology” as their driven
factor in transforming resources into goods and services, creating an
environment conducive to industrial growth”…
Technopreneur?
- those who develop a unique technology
capable of driving a new business (inventors)
Technology developers
It is simply entrepreneurship in a technology-
intensive context
It is a process of merging technology prowess
and entrepreneurial talent and skills
Technological Entrepreneurship
those who see a new technology
development and understand how it can be
applied to meet a market need (innovators)
Technology users
entrepreneurial process
Opportunity Analysis
Business Planning
Gathering Resources
Implementation
Scaling and Harvesting
technopreneurial process
Idea
generation
Idea
Screening
Concept
Testing
Business
Analysis
Prototyping
Test
Marketing
Commercialization
Monitoring
&
Evaluation
Likes to compete
* Is a self-starter/pioneer
* Is able to do many things at
once
* Is creative, and has dreams
and
goals
* Likes to work for him or herself
and be in control
* Is motivated by a strong desire
to achieve and attain financial
success
* Focuses his/her attention on
the chances of success rather
than the possibility of failure
An Entrepreneur
Likes to innovate
* Is part of a team
* Is able to do many things at
once, but chooses to
delegate
* Is innovative and has a
greater vision
* Likes to be the one to control
innovation and be part of an
evolution
* Is motivated by a strong
vision and the passion to
innovate
* Takes failure in stride and
knows it will lead to success if
correction can be made
A Technopreneur
