Technopreneurship Flashcards
Group 1 Title.
Entreprenuerial Mindset, and Making Business Flyers with Brand Name, Logo and Catchy Tagline using Canva
It is the creation or extraction of economic value.
Entreprenuership
It is the process of designing, launching and running a new business, which is often similar to a small business, or as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.”
Entreprenuership
It is a combination of the words ‘technology’ and ‘entrepreneurship’. It is a type of technology-related entrepreneurship.
Technopreneurship
Is a set of skills that enables people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings.
Entrepreneurial Mindset
is also valued by
employers, boosts educational attainment and performance, and is crucial for creating new businesses.
Entrepreneurial Mindset
Four (4) Course Model Seed
- Self-Mastery
- Environment Mastery
- Enterprise Mastery
- Development of Business Plan
It is a passion comes from knowing yourself.
Self-Mastery
Self-mastery brings _____.
Passion
It is about generating business ideas and seeking opportunities out from his or her environment through:
* serendipity walks
* crises
* trends etc.
Environment Mastery
It is how to run a business.This pertains to the knowledge of the different enterprise disciplines.
Enterprise Mastery
Enterprise Mastery is how to run a business This pertains to the knowledge of the different enterprise disciplines such as:
- Creating the Business
- Marketing Management
- Operations Management
- Financial Management
- Risk Management
Development of a business plan covers:
- Writing the business plan
- Presenting and defending the business plan
- Adding refinements to the presented business plan
Four (4) types of Entrepreneurship
- Incremental
- Imitative
- Rent-Seeking
- Innovative
Routine business, modest novelty
Ex. (new coffee shop new BPO)
Incremental
Imitation of venture, same business model and template
Ex. new regional
branch, franchised
operations
Imitative
Business that utilizes standards, regulations and laws to share in value of enterprise
Ex. Coca Cola Export
Rent-Seeking
Business based on innovation
Ex. new memory chip
Innovative
Characteristics of an Entrepreneurship
- Hard Working
- Self-Confident
- Builds for the Future
- Profit-Oriented
- Goal-Oriented
- Persistent
- Responds to feedback
Innovation composed of the following :
- Creates Value
- Changes
- Improvements
- New
- Ideas
- Novel
A new or improved product or process that differs significantly from the unit’s previous products or processes and that has been made available to potential users(product) or brought into use by the unit (process).
Innovation
Types of Innovation
- Organization Innovation
- Process Innovation
- Product Innovation
- Marketing Innovation
- Eco-Innovation
It’s a dynamic process that needs implementation, that something is put into active use or made available, but it can take place in all sectors of an economy.
- Business
- Government
- Household
- NGOs
EXAMPLES OF FAMOUS INNOVATORS
- Steve Jobs
- Marie Curie
- Elon Musk
- Ann Kiessling
- Nikola Tesla
- Amanda Jones
- Thomas Edison
- Grace Hopper
- Leonardo DaVinci
- Josephine Cochrane
- Alexander Graham Bell
Developed the Smartphone world with the Ipad.
Steve Jobs
Made great researchers radioactivity.
Marie Curie
Has been making great progress on luxurious electric cars.
Elon Musk
Made plenty of findings on the area of biology.
Ann Kiessling
Worked on the production, transmission and application of electric power.
Nikola Tesla
Was the inventor of vacuum method of canning.
Amanda Jones
Invented the incandescent electric light bulb.
Thomas Edison
Invented the first compiler for a computer programming language.
Grace Hopper
Among many other things, he invented the parachute.
Leonardo DaVinci
Invented the first mechanical dishwater.
Josephine Cochrane
Invented the first telephone.
Alexander Graham Bell
Investment that goes into software development, hardware assembly, network services and computer services.
Computer Software and Services
Convert your extra space into money by letting someone rent a room.
Rooms for rent Inns/Logding
Schools make money by putting up lockers and letting students use it for a fee.
Lockers for rent
There are a lot of people who took up vocational education.
One-Step appliance Repair Shop