Technopreneurship Reporting

TECHNOPRENEURSHIP
GROUP 1
AYBAN, CHARLYN JHOY
GUMTANG, JING
JING
MANALO, MARIA
LAGRAN, XENA JOY CARLA
RUIZ, ROMEO
INTRODUCTION
ENTREPRENEURSHIP
Entrepreneurship seeks to understand how opportunities to create something new arise and
are discovered or created by specific persons who then use various means to exploit or
develop them, thus producing a wide range of effects.
The potential to create something new (new products or services,

new markets, new production processes, new raw
materials, new ways of organizing existing technologies, etc.) that
has emerged from a complex pattern of changing
conditions-changes in knowledge, technology, or economic, political,
social, and demographic conditions.
•The key to entrepreneurship is doing that
INTRODUCTIO “thing” differently which moves you up the
value chain. Peter Drucker)
N TECNOPRENEURSHIP
ENTREPRENEUR •Technopreneurship is not just about
•Somebody who shifts economic resources technology alone; but is about how to
out of an area of lower and into an area of manage that technology in order to achieve
higher productivity and yield” J.B Say superior value for the customer (how to use
quotes by Drucker. technology [ICT] to improve value).
• Emphasis on doing something different, •Also known as cyberpreneurship or

moving from a low productive netpreneurship or technology
environment to higher one. entrepreneurship.
INTRODUCTION
TECHNOPRENEUR
•Technopreneur can be defined as “ an entrepreneur with the skills and mindsets to deal with a
knowledge economy”
•Technopreneur - people who shift economic resources up the value chain.
•This Value Chain is customer focused, the focus is not in developing complex products or technology
but on developing a product or service that offer higher value to the customer.
ENTREPRENEURIAL MINDSET
An entrepreneurial mindset is a set of
skills that enable people to identify
and make the most of opportunities,
overcome and learn from setbacks,
and succeed in a variety of settings.
5
CHARACTERISTIC
1. A POSITIVE MENTAL ATTITUDE
A positive attitude and outlook is a must for successful entrepreneurs. The mindset of the head
of the company sets the tone for the rest of the
company and influences corporate culture.
Negative thoughts undermine forward motion and

the progress of the company, not to mention the
management’s ability to lead staff and motivate
employees. Part of what gives entrepreneurs the fortitude to weather the business downturns
is positivity.
5 CHARACTERISTIC
2. A CREATIVE MINDSET
Never has the adage “Creativity is the mother of invention” been truer than in the world of
entrepreneurship. Even if you’re not in a “creative” industry, creativity is needed for
entrepreneurial success. The mind of an entrepreneur
is always looking for novel ideas and innovations. The
basic life cycle of any entrepreneurial product stems
from the conception of an idea followed by turning
that idea into a viable product or service.
5 CHARACTERISTIC
3, PERSUASIVE COMMUNICATION ABILITY
The best entrepreneurs are persuasive individuals. The power of persuasion can help you
negotiate, close a sale, or score a lower price on your inventory. Not to mention, persuasive
people tend to be inspiring leaders, ergo they tend to be stellar bosses.
5 CHARACTERISTIC
4. INSTRINSIC MOTIVATION AND DRIVE
One of the top entrepreneurial characteristics is intrinsic motivation, meaning you are
selfmotivated as opposed to looking to others to push you to do things or hold you accountable.
5 CHARACTERISTIC
Broadly speaking, those who own their own
businesses are incredibly motivated to succeed.
They’ve poured blood, sweat, and tears into their
company, and may have literally mortgaged their
future to first open their businesses’ doors. Having a
Lot at stake personally fuels the motivational drive.
5 CHARACTERISTIC
5. TENACITY AND AN ABILITY TO LEARN FROM FAILURE
When you’re starting a business, you hope that your business will be a wild success. It’s true that
success is wonderful, but failure is where growth and change happen. The key to learning from failure
is to actually learn and embrace your mistakes so they make your better, not break you.
“Every failure is a step to success.” – Malcolm Forbes

INNOVATION AND IDEAS
WHAT IS INNOVATION?
•The act or process of commercializing an invention or introducing something new or improved that
creates value in the form of a commercial product.
•Innovation requires people using new knowledge and understanding to experiment with new
possibilities and using sound collaborative decision making tools in order to choose and implement
new ideas.
• Innovation is the turning of all ideas, big and small, into successful outcomes. It's the implementation
of ideas generated as a result of the creativity-supporting culture.
INNOVATION AND IDEAS

•Ideas – the indispensable start-up ingredient all inventions and innovations need.
•Ideation – the process of forming and relating ideas that invariably have a bearing on the
identification and resolution of a problem. Ideation is a process of:
- Deriving ideas through free-association
•Opportunities for making money.
and analogies - Challenging conventional 3. Challenging (fruitful association)
ideas - Combining simple elements into new 4. Morphological approach
ideas (decomposition/composition)
4 main methods can assist in ideation:
1. Brainstorming (free-association)
2. Synetics (analogical association)
BUSINESS IDEA
INTERNAL FACTORS EXTERNAL FACTORS
❑Personal interest ❑ Government support
❑Knowledge/talent & assistance ❑Tax incentives
❑Training/work experience ❑Financing
❑Other considerations like income, ❑Business growth rate

employment service, etc
❑Other factors
PRODUCT AND SERVICES
WHAT IS PRODUCT ?
Products are generally tangible items — something that
your customers can physically hold in their hands.
EXAMPLE: Your company sells branded swag and
merchandise to other businesses.
WHAT IS SERVICES?
Services are typically intangible — something that you
provide or perform for another person.
TEAM FORMATION
Team formation begins with an understanding about how individual people work alone and
together. Individual team members have to know themselves well enough to articulate how
they will behave performing a task with others.
What is team formation in entrepreneurship?

Entrepreneurial team formation—the process through
which founders establish a team to start a new venture
— has important implications for team performance and
entrepreneurial success.
“Learning is never done without
error and defeat”
- VLADIMIRLENIN

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TECHNOPRENEURSHIP

The potential to create something new (new products or services,

• Emphasis on doing something different, •Also known as cyberpreneurship or

•Technopreneur - people who shift economic resources up the value chain.

Negative thoughts undermine forward motion and

“Every failure is a step to success.” – Malcolm Forbes

INNOVATION AND IDEAS

❑Personal interest ❑ Government support

❑Knowledge/talent & assistance ❑Tax incentives

❑Training/work experience ❑Financing

❑Other considerations like income, ❑Business growth rate

What is team formation in entrepreneurship?

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