Technopreneurship Flashcards
(98 cards)
1
Q
Group 1 Title.
A
Entreprenuerial Mindset, and Making Business Flyers with Brand Name, Logo and Catchy Tagline using Canva
2
Q
It is the creation or extraction of economic value.
A
Entreprenuership
3
Q
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.”
A
Entreprenuership
4
Q
It is a combination of the words ‘technology’ and ‘entrepreneurship’. It is a type of technology-related entrepreneurship.
A
Technopreneurship
5
Q
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.
A
Entrepreneurial Mindset
6
Q
is also valued by
employers, boosts educational attainment and performance, and is crucial for creating new businesses.
A
Entrepreneurial Mindset
7
Q
Four (4) Course Model Seed
A
- Self-Mastery
- Environment Mastery
- Enterprise Mastery
- Development of Business Plan
8
Q
It is a passion comes from knowing yourself.
A
Self-Mastery
9
Q
Self-mastery brings _____.
A
Passion
10
Q
It is about generating business ideas and seeking opportunities out from his or her environment through:
* serendipity walks
* crises
* trends etc.
A
Environment Mastery
11
Q
It is how to run a business.This pertains to the knowledge of the different enterprise disciplines.
A
Enterprise Mastery
12
Q
Enterprise Mastery is how to run a business This pertains to the knowledge of the different enterprise disciplines such as:
A
- Creating the Business
- Marketing Management
- Operations Management
- Financial Management
- Risk Management
13
Q
Development of a business plan covers:
A
- Writing the business plan
- Presenting and defending the business plan
- Adding refinements to the presented business plan
14
Q
Four (4) types of Entrepreneurship
A
- Incremental
- Imitative
- Rent-Seeking
- Innovative
15
Q
Routine business, modest novelty
Ex. (new coffee shop new BPO)
A
Incremental
16
Q
Imitation of venture, same business model and template
Ex. new regional
branch, franchised
operations
A
Imitative
17
Q
Business that utilizes standards, regulations and laws to share in value of enterprise
Ex. Coca Cola Export
A
Rent-Seeking
18
Q
Business based on innovation
Ex. new memory chip
A
Innovative
19
Q
Characteristics of an Entrepreneurship
A
- Hard Working
- Self-Confident
- Builds for the Future
- Profit-Oriented
- Goal-Oriented
- Persistent
- Responds to feedback
20
Q
Innovation composed of the following :
A
- Creates Value
- Changes
- Improvements
- New
- Ideas
- Novel
21
Q
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).
A
Innovation
22
Q
Types of Innovation
A
- Organization Innovation
- Process Innovation
- Product Innovation
- Marketing Innovation
- Eco-Innovation
23
Q
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.
A
- Business
- Government
- Household
- NGOs
24
Q
EXAMPLES OF FAMOUS INNOVATORS
A
- Steve Jobs
- Marie Curie
- Elon Musk
- Ann Kiessling
- Nikola Tesla
- Amanda Jones
- Thomas Edison
- Grace Hopper
- Leonardo DaVinci
- Josephine Cochrane
- Alexander Graham Bell
25
Developed the Smartphone world with the Ipad.
Steve Jobs
26
Made great researchers radioactivity.
Marie Curie
27
Has been making great progress on luxurious electric cars.
Elon Musk
28
Made plenty of findings on the area of biology.
Ann Kiessling
29
Worked on the production, transmission and application of electric power.
Nikola Tesla
30
Was the inventor of vacuum method of canning.
Amanda Jones
31
Invented the incandescent electric light bulb.
Thomas Edison
32
Invented the first compiler for a computer programming language.
Grace Hopper
33
Among many other things, he invented the parachute.
Leonardo DaVinci
34
Invented the first mechanical dishwater.
Josephine Cochrane
35
Invented the first telephone.
Alexander Graham Bell
36
Investment that goes into software development, hardware assembly, network services and computer services.
Computer Software and Services
37
Convert your extra space into money by letting someone rent a room.
Rooms for rent Inns/Logding
38
Schools make money by putting up lockers and letting students use it for a fee.
Lockers for rent
39
There are a lot of people who took up vocational education.
One-Step appliance Repair Shop
40
A lot of people avoid organizing parties.
Event and Party Planner
41
Filipinos love to eat especially meat, food vendors can be seen almost in every street.
Meat Shop and Meat Processing
42
These have proved to be the most lucrative business not only in the malls but also on the streets.
Food Carts
43
Philippines is blessed with different tropical fruits that can be blended into fresh juices and smoothies.
Fruit and Flavored Drinks
44
Having a good location is also a good business with this type of business.
Hotdog, Barbecue and Burger Stands
45
A type of business that proved its income generating capacity especially in middle class communities.
Car Wash and Motorbike Repair Shop
46
Every business new or old need signs to promote their business.
Signs and Tarpaulin Printing
47
Men and Women especially the young ones who loves to check out new fashion trends.
Fashion Accessories
48
Some people look down to this business because its dirty and messy. But you would be surprise to how much money the owner gets.
Junk Shop and Recycling Centers
49
Good business for animal lovers.
Pet Shop
50
IS A TANGIBLE ITEM THAT YOU PURCHASE TO SATISFY A NEED OR WANT. A PRODUCT CAN BE SOMETHING AS SIMPLE AND NECESSARY AS GROCERIES, BUT IT ALSO INCLUDES ITEMS SUCH AS ELECTRONICS, CLOTHING, TOYS-THE POSSIBILITIES ARE ENDLESS!
Product
51
IS A COMMITMENT TO DELIVER SOMETHING THAT BENEFITS ANOTHER PERSON. THE WORD SERVICE HAS BEEN USED FOR CENTURIES AND IN MANY DIFFERENT CONTEXTS, BUT IT IS OFTEN ASSOCIATED WITH JOBS SUCH AS WAIT STAFF OR CUSTOMER SERVICE.
Service
52
Is a philosophy of job design in which employees are viewed as members of interdependent teams instead of as individual workers
Team Building
53
What are the stages of Team Formation
* Forming
* Storming
* Norming
* Performing
* Adjourning
54
Members start to communicate their feelings but still view themselves as individuals rather than part of the team. They resist control by group leaders and show hostility.
Storming
55
People feel part of the team and realize that they can achieve work if they accept other viewpoints.
Norming
56
Team acquaints and establishes ground rules. Formalities are preserved and members are treated as strangers.
Forming
57
The team works in an open and trusting atmosphere where flexibility is the key and hierarchy is of little importance.
Performing
58
The team conducts an assessment of the year and implements at plan for transitioning roles and recognizing members contributions.
Adjourning
59
Group 2 Title.
A Seminar Assisting Customers in Cost-cutting and Monetary Savings
60
Examples of Expenses
* Transportations
* Food
* Internet
* Clothing
* Beauty
* Electronics
* School Supplies
* Miscellaneous
* Entertainment
* Personal wants
61
How many percentage of college students worry they won't have enough money to last the semester
38%
62
Solutions (3) of the problem about spending.
1.) Categorize Your Expenses expenses can be divided into need, want, and goal categories in several ways.
2.) Budgeting the act of planning how you will spend your money.
3.) Keep Track of your Expense
maintaining track of all purchases over a period of time.
63
Organizing your financial expenses into categories is the first step every college student should do to take control of their finances.
Categorize Your Expenses
64
(Needs or Wants). Smartphones
Needs
65
(Needs or Wants).
Softdrinks
Wants
66
(Needs or Wants). Luxury Bag
Wants
67
(Needs or Wants).
Transportation
Needs
68
(Needs or Wants).
Foods
Needs
69
(Needs or Wants).
Entertainments
Wants
70
(Needs or Wants).
Vacations
Wants
71
(Needs or Wants).
Internet
Needs
72
(Needs or Wants).
Beauty
Wants
73
(Needs or Wants).
Dining out
Wants
74
(Needs or Wants).
Clothing
Needs
75
(Needs or Wants).
Shopping
Wants
76
(Needs or Wants).
Expenses
Needs
77
(Needs or Wants).
Subscriptions
Wants
78
Goals.
* Savings
* Emergency Funds
* Debt Payments
* Investments
79
The process of creating and managing a financial plan that forecasts income and expenses for a time period is known as
Budgeting
80
Budgeting Percentage
50% (Needs)
30% (Wants)
20% (Goals)
81
Workshop used to track Expenses
MyMoney - Track Expense & Budget
82
Group 3 Title.
Value Proposition
83
It is a simple statement that summarizes why a customer would choose product or your service. It describes the benefits customers can expect from your products and services.
Value Proposition
84
It is defined as a clear, simple statement of the benefits, both tangible and intangible, that the company will provide, along with the approximate price it will charge each customer segment for those benefits.
Value Proposition
85
It is the fundamental reason a customer should buy from your company.
Value Proposition
86
WHY IS VALUE PROPOSITION IS IMPORTANT?
a strong value proposition is crucial for a company's success and survival.
87
4 ESSENTIAL ELEMENTS OF VALUE PROPOSITION
* Customer's perspective
* What's in it for them?
* Why choose to buy from you?
* Prove it
88
Your value proposition is not:
* Mission and Vision Statement
* An incentives
* A catchphrase
* It's not a positioning statement
89
5 IMPORTANT VALUE PROPOSITION CATEGORIES
1. Productivity
2. Profitability
3.Image
4. Experience
5. Convenience
90
Solutions/services that help customers improve their output, reduce the amount of time in getting things done, or help them get things done faster and more efficiently are solutions with a productivity value proposition.
Productivity
91
Service or solution providers that help customers reduce their costs, save money, or impact their bottom line, fall into the profitability value proposition category.
Profitability
92
It is always an interesting component in the value proposition offering. A company's image is important in how its customers (current/future) see them.
Image
93
Customers measure their willingness to continue doing business with an organisation based on their experience while interacting with that service provider or the satisfaction received while using the item.
Experience
94
Convenience in the value proposition offering can be summed up as the customer's "ease of doing business" with you.
Convenience
95
HOW TO WRITE A UNIQUE VALUE PROPOSITION
* Specific
* Pain-focused
* Exclusive
96
10 STEP PROCESS
1. Start with core competencies
2. Study your customers
3. Turn core competencies into values
4. Study the competition
5. Look at trends in your industry 6. Articulate or define the company vision
7. Identify one core value
8. Build a value chain
9. Articulate the value proposition
10. Test the value
97
SIGNS OF POOR VALUE PROPOSITION
* Difficulty getting high level appointments
* Lack of focus in engagements and client work, are you trying to be all things to all people
* Difficulty in getting new projects despite a clear set of skills, tools and methodology that would benefit your prospective customers
* No clear message on your marketing materials, is your website only a list of features?
* No clear differentiation between you and your competitors.
* Feature based marketing
* Reliance on incentives, rebates or discounts to win customers
* Competitive bids situations come down to price
* Prospects seem confused by your product and service offering
* Marketing campaigns deliver low response rates and lukewarm enquiries
* You haven't tested your value proposition
98
Test II.
Write a value proposition
