Chapter 1 – Introduction to Technopreneurship, Slides of Entrepreneurship

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Chapter 1: Introduction to

Technopreneurship

Prepared and Presented by: Glaiza Mae Gonzales / DIET Instructor

What is Technopreneurship

TECHNOLOGY is human innovation in

Technology action

ENTREPRENEURSHIP is the practice

of consistently converting good ideas

into profitable commercial

ventures.

Innovation & Ideas

 Ideas – the indispensable start-up ingredient all inventions and innovations need.  Invention

• novel/ new/ original product, device, process, or concept.
• creation of a new product.  Innovation
• Introduction of a newer and better solution that meet new requirements or existing market needs.
• adding value to something already existing.
• practical implementation of new idea.

Products & Services

 Products – are physical items that

include raw materials, parts, subassemblies.

 Services – are activities that provide

some combination of time, location, form, or

psychological value.

The Technopreneur

 is 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)  are entrepreneurs who use technology as their driven factor in transforming resources into goods and services , creating an environment conducive to industrial growth”

Technopreneur & Entrepreneur

DIFFERENCES? ENTREPRENEUR TECHNOPRENEUR

• Likes to compete
• Is a self-starter/pioneer
• Is able to do many things at once
• Likes to work for him or herself and be in control
• Is motivated by a strong desire to achieve and attain financial success - Likes to innovate - Is part of a team - Is able to do many things at once, but chooses to delegate - 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

Entrepreneurial Mindset

5 Characteristics of an Entrepreneur

1. Decisiveness – ability to make decisions quickly and effectively  To succeed as an entrepreneur, you must gain the ability to look at a problem or situation, digest all available data (at that point in time), and make a confident decision to move forward.  Your ability as a decision maker will make or break your future successes.  In fact, at the opposite end, indecision is one of the greatest causes of business failure.  When you can’t decide what to do, you delay taking action. In other words, you do NOTHING. 2. Confidence – self-assurance arising from one’s appreciation of one’s own abilities or qualities  Looking confident, practiced, and skilled is what we ADMIRE in others. But looking confident and being confident are two different things. Seriously.  Acting confident while getting on stage to give a speech to a packed room, even when your hands are violently shaking, is essential to learn the art of public speaking.  Pretending you are good at something will enable you to do it confidently enough times until you become good at it. The more you do this, the better you will become.

Entrepreneurial Mindset

5 Characteristics of an Entrepreneur

3. Accountability – willingness to accept responsibility  The entrepreneurial mindset comes from taking responsibility for your actions and outcomes.  You need to internalize and accept that:  Everything that happens at work – YOU are responsible for.  Everything that happens to your business – YOU are responsible for.  Whether you succeed or fail, it is YOUR responsibility.  From this moment forward, you must accept responsibility for everything in your life and hold yourself accountable to it. 4. Resilience – capacity to recover quickly from difficulties  As an entrepreneur, you will need to learn to deal with making mistakes and failing. They are inevitable and a part of your growth.  Success rarely happens in a straight line. Taking wrong turns and making mistakes is something that happens to everyone.  Resilience enables you to think, act, and move iteratively — making small, incremental corrections along the way.

Team Formation

 A team is a group of individuals working together to achieve their goal. Tuckman ’ s Stages of Team Formation

Team Formation

Tuckman ’ s Stages of Team Formation

1. Forming Stage where a group of people comes together to accomplish a shared purpose. The leader plays a dominant role at this stage because team members' roles and responsibilities aren’t yet clear. This stage can last for some time, as people start to work together, and as they make an effort to get to know their new colleagues. 2. Storming Disagreement are constant at this stage of development since team members are still getting to know each other. The leader’s role is to help the team get to know each other whether to offer team building activities or simply a listening ear.

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