AENG 317 Assignment Format

Assignment no.
1
Name: Boquiren, Jerome P. Instr: Mr. Michael Rey Fabian
Subj-sec: AENG 317/2B-S Date: 08/16/2023
1. What is Technology and its application?
Technology is the application of systems, tools, and techniques based on scientific

knowledge to improve human lives and solve issues. Its uses are numerous: in medicine, it
allows for more sophisticated diagnosis and treatments; in communication, it provides
immediate connectivity; in transportation, it provides cost-effective travel options; and in
agriculture, it increases crop yields by automating processes. All things considered,
technology propels advancement, effectiveness, and creativity in a variety of fields.
2. What is Entrepreneur?
An entrepreneur is a person who sees opportunities, invests money, and starts companies
to offer novel goods, services, or concepts to the public. Entrepreneurs are frequently
distinguished by their inventiveness, fortitude, and readiness to accept measured risks.
They are vital to the expansion of the economy because they provide jobs, encourage
innovation, and advance society. Entrepreneurs usually oversee the company's operations,
decide on strategic course, and overcome obstacles to guarantee the venture's long-term
viability.
3. What is an Entrepreneur?
An entrepreneur is a person who, frequently from the ground up, launches, grows, and
oversees a business endeavor. They are innovators; they spot market gaps and develop
goods, services, or procedures to close those gaps. Entrepreneurs are driven by ambition,
ingenuity, and resilience and take on huge financial risks with the possibility of substantial
returns. They are in charge of reaching financial agreements, making important choices,
and directing the company through opportunities and difficulties. Beyond financial gain,
entrepreneurs frequently seek to upend sectors of the economy, foster social advancement,
and effect positive change.
4. Types of an Entrepreneur:
Innovative entrepreneurs concentrate on developing novel goods, services, or

technological advancements. With innovative ideas, they frequently upend entire sectors.
Imitative entrepreneur is one who takes preexisting concepts or business models and
refines them. They copy winning ideas into new markets.
Social entrepreneur seeks to make money while addressing issues related to society, the
environment, or the local community. The societal impact is their main objective.
Lifestyle entrepreneur prioritizes work-life balance and starts companies that are in line
with their interests and lifestyle choices.
5. What is Technopreneur?
An entrepreneur who combines invention with technology to launch and run a business is
known as a technopreneur. Their primary goal is on creating and promoting technology-
based goods, services, or methods that tackle contemporary issues. Technopreneurs use
cutting-edge technologies to disrupt markets and create new opportunities. They are
frequently found in the software, hardware, biotech, and digital platform industries. Their
capacity to remain ahead of technical trends, adjust fast, and never stop innovating to
satisfy the changing needs of a tech-savvy world is what makes them successful.
6. What is Technopreneurship?
Technology and entrepreneurship are combined to generate technopreneurship, which is

the creation, growth, and management of technology-driven firms by individuals or
organizations. It entails spotting market opportunities in the technology sector, developing
fresh goods and services, and launching them. Technopreneurs use cutting edge
technologies to solve issues or satisfy new requirements, such as artificial intelligence (AI),
software development, biotechnology, and more. The hallmarks of technopreneurship
include an emphasis on creativity, flexibility, and the capacity to upend established markets
by incorporating cutting-edge technology into company plans.
7. Entrepreneur vs Technopreneur:
An Entrepreneur is a person who starts and runs a firm and takes financial risks to get
goods or services onto the market is known as an entrepreneur. They can work in any
sector, including manufacturing and retail.
A Technopreneur Conversely, a certain kind of entrepreneur that concentrates on

technology-driven businesses is known as a technopreneur. By using technology to
develop new goods, services, or procedures, they innovate and frequently upend
established marketplaces.
8. Provide 5 Technopreneur and explain why they are considered as such.
Elon Musk (Tesla, SpaceX) - Musk is a prime example of a technopreneur, having

founded and led companies that revolutionize industries through advanced technology.
Tesla has transformed the automotive industry with electric vehicles, while SpaceX is
pioneering space exploration with reusable rockets.
Bill Gates (Microsoft) - Gates co-founded Microsoft, which became a dominant force in
the software industry by developing operating systems and software that have shaped the
modern personal computing era. His work made computing accessible to the masses.
Steve Jobs (Apple) - Jobs was a visionary technopreneur who co-founded Apple and
introduced groundbreaking products like the iPhone, iPad, and Mac. His focus on
combining technology with design and usability changed how people interact with
technology.
Mark Zuckerberg (Facebook/Meta) - Zuckerberg co-founded Facebook (now Meta), a
social networking platform that revolutionized communication and social interaction
worldwide. His company continues to innovate in areas like virtual reality and artificial
intelligence.
Jeff Bezos (Amazon) - Bezos founded Amazon, initially an online bookstore that evolved
into a global e-commerce giant and leader in cloud computing through Amazon Web
Services (AWS). His innovative approach to leveraging technology has transformed retail
and many other industries.

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Assignment no.

1. What is Technology and its application?

Technology is the application of systems, tools, and techniques based on scientific

Innovative entrepreneurs concentrate on developing novel goods, services, or

Technology and entrepreneurship are combined to generate technopreneurship, which is

A Technopreneur Conversely, a certain kind of entrepreneur that concentrates on

8. Provide 5 Technopreneur and explain why they are considered as such.

Elon Musk (Tesla, SpaceX) - Musk is a prime example of a technopreneur, having

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