Module 1.2 basics of technopreneurship
-
Upload
almario1988 -
Category
Documents
-
view
999 -
download
7
Transcript of Module 1.2 basics of technopreneurship
![Page 1: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/1.jpg)
MODULE 1.2
Basics of Basics of TechnopreneurshipTechnopreneurship
![Page 2: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/2.jpg)
Roles of Roles of Technopreneurship Technopreneurship
in job creation and in the in job creation and in the National economyNational economy
ROLE ROLE PLAYINPLAYIN
GG
![Page 3: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/3.jpg)
• Employment creation• Local resources • Decentralization and
diversification of business • Promotion of technology • Capital formation • Promotion of an entrepreneurial
culture
Importance of Importance of TechnopreneurshipTechnopreneurship
![Page 4: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/4.jpg)
What is Technopreneurshi
p?
![Page 5: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/5.jpg)
High tech ventures in ICT, electronics, internet, life sciences and biotech.Service firms where technology is critical to their mission, such as: e-Bay, FEDEX, SMART money transfer, e-learning Technopreneurship is entrepreneurship in the field of technology.
Technopreneurship Technopreneurship DefinedDefined
![Page 6: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/6.jpg)
EntrepreneursEntrepreneurs - people who enter people who enter into new and pioneering venturesinto new and pioneering ventures..- is whole-brained, meaning he/she - is whole-brained, meaning he/she uses both the left brain (logical) uses both the left brain (logical) and right brain (creative). and right brain (creative).
EntrepreneurshipEntrepreneurship – Starting up a Starting up a
new businessnew business
Source: Federico Gonzalez, President PESO Inc.
Entrepreneur & Entrepreneur & Entrepreneurship Entrepreneurship DefinedDefined
![Page 7: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/7.jpg)
Course Model - SEEDCourse Model - SEED
Self Mastery
Environment Mastery
Enterprise Mastery
Development of Business
Plan
![Page 8: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/8.jpg)
Self- MasterySelf- Mastery
Self-mastery passion comes from knowing yourself.
Self-mastery brings passion. When you know yourself, you know what you want and do not want.
Source: Jay Bernardo III
![Page 9: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/9.jpg)
A A self-mastered self-mastered personperson does not need high IQdoes not need high IQ does need high EQ and AQdoes need high EQ and AQ is naturally a/an:is naturally a/an:
performer – competitive and performer – competitive and efficientefficient
epicure – sensual and cheeryepicure – sensual and cheery boss – takes charge and loves a boss – takes charge and loves a
good fightgood fight is whole-brainedis whole-brained has a personal vision and knows has a personal vision and knows
strengths strengths and weaknessesand weaknesses
What is a self-mastered person?
![Page 10: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/10.jpg)
Environment MasteryEnvironment Mastery
Environment mastery is about generating business ideas and seeking opportunities out from his or her environment through
serendipity walks
crises
trends
etc. Source: Jay Bernardo III
![Page 11: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/11.jpg)
An environment-masteredenvironment-mastered person
understands the industry he/she is in sees the opportunities, not the problems is on top of the situation instead of being
under the situation is the organization/industry innovator and
strategist
What is an environment-mastered person?
![Page 12: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/12.jpg)
Enterprise MasteryEnterprise Mastery Enterprise Mastery is how to run a
business
This pertains to the knowledge of the different enterprise disciplines such as:
Creating the Business
Marketing Management
Operations Management
Financial Management
Risk Management Source: Jay Bernardo III
![Page 13: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/13.jpg)
What is an enterprise-mastered person?
An enterprise-mastered person
understands and integrates the functions of management (marketing, human resource, operations, and finance)
understands and integrates the process of management (planning, organizing, directing, and controlling)
leads and inspires rather than manage
![Page 14: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/14.jpg)
Development of Development of Business PlanBusiness Plan
Development of a business plan covers:
writing the business plan
presenting and defending the business plan
adding refinements to the presented business plan
![Page 15: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/15.jpg)
1. Incremental1. Incremental• Routine business, modest noveltyEx. (new coffee shop, new BPO)
2. Imitative2. Imitative• Imitation of venture, same business
model and template • Ex. new regional branch, franchised
operations
4 Types of 4 Types of EntrepreneurshipEntrepreneurship
![Page 16: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/16.jpg)
3.3. Rent-seekingRent-seekingBusiness that utilizes standards, regulations and laws to share in value of enterprise
Ex. Coca Cola Export
4. Innovative4. InnovativeBusiness based on innovation
Ex. new memory chip
![Page 17: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/17.jpg)
1.1. Hard WorkingHard Working
2.2. Self-ConfidentSelf-Confident
3.3. Builds for the FutureBuilds for the Future
4.4. Profit-OrientedProfit-Oriented
5.5. Goal-OrientedGoal-Oriented
6.6. PersistentPersistent
7.7. Goal-OrientedGoal-Oriented
8.8. Responds to feedbackResponds to feedback
Characteristics of an Characteristics of an EntrepreneurEntrepreneur
![Page 18: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/18.jpg)
9. Demonstrates Initiative9. Demonstrates Initiative10. Willing to Listen10. Willing to Listen11. Sets Own Standards11. Sets Own Standards12. Copes with Uncertainty12. Copes with Uncertainty13. Committed13. Committed14. Builds on Strengths14. Builds on Strengths15. Reliable and Has 15. Reliable and Has IntegrityIntegrity16. Risk-Taker16. Risk-Taker
Characteristics of Characteristics of Technopreneurship Technopreneurship cont.cont.
![Page 19: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/19.jpg)
What is the
What is the
difference difference
between an
between an
entrepreneur
entrepreneur
and a and a
salaried salaried
employee?employee?
![Page 20: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/20.jpg)
• A technology idea owner who ventures to make his idea a commercial reality
• An entrepreneur who gets a technology idea, finds an opportunity to make it a commercial reality.
What makes an What makes an Entrepreneur a Entrepreneur a TechnopreneurTechnopreneur
![Page 21: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/21.jpg)
Lets have a MATCHING GAME!!!Lets have a MATCHING GAME!!!
TECHNOPRENEUR
ENTREPRENEUR
Differences between Technopreneurship and Entrepreneurship
![Page 22: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/22.jpg)
LOCAL•SMART LINK – (Computer shop)
Dealing with computer hardware and software, Repairs, Networking and Computer ad LCD Rentals. (OCW)
•LANE SYSTEM – Software Integration Developer
Some Technology Some Technology VenturesVentures
![Page 23: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/23.jpg)
NATIONAL•NETOPIA – Internet Café•YEHEY.COM – Internet Portal
INTERNATIONAL•YOUTUBE - a video sharing website
![Page 24: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/24.jpg)
Businesses start from ideas, but ideas Businesses start from ideas, but ideas alone do not make a businessalone do not make a business
Customers do not buy ideas, they buy Customers do not buy ideas, they buy products/services; products/services;
Customers pay the price; value is what Customers pay the price; value is what they getthey get
Source: Federico C. Gonzalez, President PESO Inc.
Some Basic FactsSome Basic Facts
![Page 25: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/25.jpg)
A marketable product may not result in a viable business
A studied approach to planning the business is needed.
Entrepreneurship is calculated risk-taking, not foolhardiness.
Some Basic Facts Some Basic Facts cont.cont.
Source: Federico C. Gonzalez, President PESO Inc.
![Page 26: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/26.jpg)
TechnopreneurshiTechnopreneurship Ecosystemp Ecosystem
MODULE 2
![Page 27: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/27.jpg)
Get 1 sheet of paper!
• Think of an task that each of you (or group) would like to conduct or do (i.e. Cooking viand, repairing your PC, constructing a “bahay kubo”, etc) and write it in a paper
• Then, list down what you need to accomplish the task.
• Present your identified task and requirements (1-2 minutes per student/group)
Warm Up Warm Up ActivityActivity
![Page 28: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/28.jpg)
• Many of the tasks, if not all, have pre-requisites (i.e. money, materials, personnel, etc)
• Similarly, for technopreneurial venture to start, grow and succeed, it must also have the required resources, environment and support.
IntroductionIntroduction
![Page 29: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/29.jpg)
But, what are these things?
![Page 30: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/30.jpg)
At the end of this session/lecture, the students should be able to –
• Enumerate the different actors/ players for the technology ventures to prosper, and
• define the roles of the different actors/players in techno ventures
Learning Learning ObjectivesObjectives
![Page 31: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/31.jpg)
H E L F
Successful technopreneurship
=
![Page 32: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/32.jpg)
Technopreneurship Technopreneurship EcosystemEcosystem
HumanResourc
es
Environment
FinancialResources
Laws & Policies
TechnoVentures
![Page 33: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/33.jpg)
Human Resources Component
• Research - Thinker, Idea generator, Innovator
• Developer - Implementor, technical people
• Scanner and marketing people
• Financers
Technopreneurship Technopreneurship EcosystemEcosystem
![Page 34: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/34.jpg)
Environment Component
• Science parks, Incubation centers
• Academic Institutions, R & D Centers
• Internet access, Communication
• Communication and Other Support Services
• Geographic accessibility
• Venture Mentoring Services/Support
Technopreneurship Technopreneurship EcosystemEcosystem
![Page 35: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/35.jpg)
Laws and Policies
• Intellectual Property Rights Office
• Technology Licensing Office – facilitates commercialization of inventions
• Legal Services
Technopreneurship Technopreneurship EcosystemEcosystem
![Page 36: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/36.jpg)
Financial Component
• VC and Investors
• Business Sector
• Funding Agencies
• Financial Services (i. e. Accounting)
Technopreneurship Technopreneurship EcosystemEcosystem
![Page 37: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/37.jpg)
Financial Resources
VC, Investors, Business Sector, Funding Agencies
Human Resources
Academe, R & D Centers, technical
personnel
Technology Venture
Environment
Science Parks, Incubation Centers,
Infrastructure, Comm and other Support
Services
Laws and Policies
Technology Licensing Office,
IPR Office
![Page 38: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/38.jpg)
Academe and Research Institutions
1. Ateneo de Davao University
2. Brokenshire College
3. Cor Jesu College
4. Davao Doctors College
5. Holy Child School of Davao
6. Jose Maria College
7. St. Mary’s College
8. Interface Computer College
9. University of Immaculate Concepcion
10.University of Mindanao
11.University of the Philippines Mindanao
12.University of Southeastern Philippines
![Page 39: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/39.jpg)
Department of Science and Technology
Commission on Higher Education
PESO
Davao City Chambers of Commerce and Industry
Science and Technology Park, Bago Oshiro, Tugbok, Davao City
Brokenshire Learning Center
EnvironmentEnvironment
![Page 40: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/40.jpg)
Academe (Colleges & Universities)
DOST, DCCI, PAHRDF
Funding Agencies Industries, Businesses, LGUs, Private Sectors
Incubation Centers & Science Parks
Framework of Engagement or Collaboration
![Page 41: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/41.jpg)
Why Why Technopreneurship?Technopreneurship?
![Page 42: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/42.jpg)
Philippine EconomyPhilippine Economy
•Population 84 M•Population of working age?
–Approx 50% of popn = 16 years old and below
•Employment•GNP from large companies > 100 employees
•GNP from small companies, < 100•Number of large companies 5%?•95% are small companies?
Source: M.Barcelon, UPATBI
![Page 43: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/43.jpg)
Economy, Exports ??Economy, Exports ??
$22MTaiwan
65M
7M
4M
24M
60M
84M
$15BVietnam
$120BHK
$120BSingapore
$90BMalaysia
Tourism, food/cars, electronics
$65BThailand
Electronics, traditional goods
$40BPhilippines
Source: M.Barcelon, UPATBI
![Page 44: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/44.jpg)
How?How?
![Page 45: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/45.jpg)
Start the Ball RollingStart the Ball Rolling•Innovation
–Person gets an idea, active search, by chance, present employment or experience
•Triggering Event–Career prospects–Deliberate choice
•Implementation•Growth
Source: M.Barcelon, UPATBI
![Page 46: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/46.jpg)
Common ComponentsCommon Components
•Three crucial components for business:– Excellent market opportunity– Superb entrepreneur (and management team)
– Resources needed to start the company and make it grow
Source: M.Barcelon, UPATBI
![Page 47: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/47.jpg)
Customer Need– “Can you give me the names of prospective customers?”
– If you cannot give any names, you only have an idea, not a market.
– Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.
Source: M.Barcelon, UPATBI
1. Excellent market 1. Excellent market opportunityopportunity
![Page 48: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/48.jpg)
Timing–Will the idea or window of opportunity look brief, it could just be a fad?
–If the window is brief, the entrepreneur will rush to open the business, usually with inadequate planning.
–Can lead to costly mistakes.Source: M.Barcelon, UPATBI
1. Excellent market 1. Excellent market opportunityopportunity
![Page 49: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/49.jpg)
•Even with the right opportunity, the business will be successful if led by a person with strong entrepreneurial and management skills.–Entrepreneurs should have experience in the same industry or a similar one. Cannot go on OJT at the same time.
–Ideal entrepreneur is one who has been a successful entrepreneur in the same industry
–Have management experience, preferably with responsibility for budgets, profit and loss, sales.
Source: M.Barcelon, UPATBI
2. The Technopreneur 2. The Technopreneur and the Management and the Management TeamTeam
![Page 50: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/50.jpg)
•Entrepreneural frugality means:–Low overhead–High productivity–Minimal ownership of capital assets
Source: M.Barcelon, UPATBI
3. Resources3. Resources
![Page 51: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/51.jpg)
Sources of seed
capital
3.3Other
1.1Gov’t guaranteed loan
4.0Mortgaged property
6.3Venture Capital9Friends
12.4Employees/partners
12.9Family 14.4Bank loans
78.5%Personal savings
Source: M.Barcelon, UPATBI
![Page 52: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/52.jpg)
The 9 Fs The 9 Fs •Founders – first class entrepreneur•Focused – focus on niche markets, specialize
•Fast – decision making, implementation•Flexible – open mind, respond to change•Forever innovating •Flat - organizations•Frugal – low overhead, productivity high•Friendly – to their customers, suppliers, workers
•Fun – to be associated with an entrepreneur company Source: M.Barcelon, UPATBI
![Page 53: Module 1.2 basics of technopreneurship](https://reader033.fdocuments.in/reader033/viewer/2022061601/555a7da4d8b42a98568b4b9e/html5/thumbnails/53.jpg)
(c) 2006 UP Ayala TBI
Thank you!Thank you!