Technopreneurship Module 2

labag sa loob kong gawin 'to, tamd na tamad na ako!! kapag may * ibig sabihin galing sa module

Technology

Technology

consisting of both hardware and software

Technology

the use of industrial skills and applied science to transform ideas into an embodiment or real concept that facilitates new or better methods of thinking or doing things

as an object

as process

as knowledge

forms of technology

• technology is dynamic

• technological development is uncertain

• technological evolution is systemic

• technological change is cumulative

characteristics of technological development

uncertainty

*prevails at all stages of technological evolution, from initial design choices, through success or failure in the marketplace, to eventual environmental impacts and spin-off effects

technology is dynamic

*technology keeps changing all the time

technological evolution is dynamic

*it cannot be treated as discrete, isolated event that concerns only one material or object

technological change is cumulative

*technological knowledge and the stock of technologies in use grow continuously

• communication

• research and development

• web-based marketing

• computer technology

role of technology for entrepreneurs

• advertising

• popularity

• tracking

*perks of technology as web-based marketing for entrepreneurs (3)

Information Technology

*one of the most important drivers of economic and social value, transforming organizations, market, industries, societies, and the lives of individuals

Technopreneruship

process of merging technology prowess and entrepreneurial talent and skills

• hardworking

• self-confident

• builds for the future

• profit-oriented

• goal-oriented

• persistent

• copes with failure

• responds to feedback

• demonstrates initiative

• willing to listen

• sets own standards

• copes with uncertainty

• committed

• builds on strength

• reliable and has integrity

• risk-taker

characteristics of a technopreneur

leadership

flexibility

discipline

strategist

focus

traits of a successful technopreneur

→ discovery

→ concept development

→ resourcing

→ actualization

→ harvesting

Entrepreneurial Process

Discovery

*stage in which entrepreneur generates ideas, recognizes opportunities, and studies the market

Concept Development

*creation of business plan: a detailed proposal describing the business idea

Resourcing

*the stage in which the entrepreneur identifies and acquires the financial, human, and capital resources to achieve its goals and objectives

Actualization

*stage in which the entrepreneur operates the business and utilizes resources to achieve its goals and objectives

Harvesting

*stage in which the entrepreneur decides on business’ future growth or development, or its demise or end

→ idea generation

→ idea screening

→ concept testing

→ business analysis

→ prototyping

→ test marketing

→ commercialization

→ monitoring and evaluation

Technopreneurial Process

Idea Generation

*process of creating, developing and communicating abstract, concrete or visual ideas

Idea Screening

*process that evaluates and contrasts new product ideas to get the most promising ones for your business

Concept Testing

*a quality check between the description of an idea and actual product development

Business Analysis

*process that offers concepts and insights into the development of the initial framework for any object

Prototyping

*an initial creation of a product that shows the basics of what a product will look like, what the product will do, and how the product operates

Test Marketing

*strategy used by companies to check the viability of their new product or a marketing campaign before it is launched in the market

Commercialization

*the process of bringing new products or services to market

Monitoring and Evaluation

*a combination of data collection and analysis and assessing to what extent a program or intervention has, or has not, met its objectives

Human Resources

Environment

Laws and Policies

Financial Resources

Technopreneurship Ecosystem

Human Resources

*these are the researchers, developers, scanner, marketing people, and financers

Environment

*these are science parks and incubation centers, academic institutions and R&D centers, internet access, communication and other support services, geographic accessibility, and venture mentoring services/support

Laws and Policies

*these are Intellectual Property Rights Office, Technology Licensing Office and legal services

Financial Resources

*these are investors, business sector, funding agencies and financial services

Economic Growth

National Income

Social Change

Community Development

importance of Technopreneurship to the economy

Human Capital

Organizational Capital

Social Capital

elements of intellectual capital

Human Capital

*includes the skills and the creativity of the workers which is increased through investments in the training programs

Organizational Capital

*includes the nonhuman assets in an organization

Social Capital

*refers to the relationship of the firm with the external stakeholders

• innovation

• competitive advantage

• research and development

• business performance

• value creation

• organizational strategy

• competency and capability

impacts of intellectual capital on business organization