TECHNOPRENEURSHIP PRELIMS BSIT 402

74 questions • 1 y ago

Question list

The word “entrepreneur” came from the French word...

entreprendre

is seeking new sources for businesses and production opportunities, followed by setting up resources (raw materials, workforce, land, and capital) and managing a profitable business enterprise.

basic definition of entrepreneurship

emphasizes changing the world by producing new or unorthodox solutions to complex issues, such as enacting social change or developing products that upturn the way we live our daily lives.

modern definition of entrepreneurship

They are those who create new businesses, introduce innovation — new concepts, goods, and services — to the marketplace, and take on the associated risks and difficulties to make a profit.

Entrepreneurs

It means making a new market offering using a new method or technology, creating a new market, or creating a new type of organization to produce or improve a product or service.

Innovation

A company pools resources to supply quality products or services that satisfy customers’ needs and wants.

Running a business

Risk refers to the fact that it is impossible to predict how an entrepreneurial endeavor will turn out.

Taking a risk

It was in the year ____ when the term technopreneurship was first used.

1987

The term technopreneurship gained popularity in the _____ when many people began using the internet

2000s

It is a specific type of entrepreneurship that focuses on developing and commercializing new technologies, creating new businesses based on existing technologies, or using technology to improve an existing business.

Technopreneurship

is a tech-savvy person who uses technology in doing business

Technopreneur

He worked for different tech companies and later excelled. He developed the first 10-Mbit Ethernet CMOS with silicone coupler data-link control and transceiver chip, the first system logic chipset for IBM’s PC-XT and the PC-AT, and the local bus concept and the first Windows Graphics accelerator chip for PCs.

Diosdado Banatao

He is the executive director of IdeaSpace, a non-profit accelerator program for early-stage tech start-ups in the Philippines.

Rachel De Villa

He is the co-founder of Smart Communications, Inc., CEO of PLDT Communications & Energy Ventures, Inc., CEO/Founder of Voyager Innovations Philippines, and Founder and CEO of Paymaya.

Orlando Vea

He started the 2 MWh Solar-Battery Micro-Grid project in Paulan, Oriental Mindoro, the first solar microgrid of that scale in Asia.

Leandro Leviste

He co-founded Cropital, an agritech start-up that aims to provide farmers with sustainable and scalable financing through crowdfunding.

Rachel De Villa

He is the CEO of Amazon, a huge online e-commerce platform. Today, it is one of the largest in the United States, and millions of people worldwide shop there every day

Jeff Bezos

He came up with the fully electric sports cars known as Tesla Motors. He is responsible for the popular online payment network PayPal. He put $80 million into SpaceX and $70 million into Tesla.

Elon Musk

He developed the most popular social networking application named, Facebook. Initially, he created the platform for university fellows’ internal communication, which has recently become the most robust and popular social media network worldwide.

Mark Zuckerberg

co-founded and launched Google in 1998. Google got a real success in 2004 when it became the most searched engine utilized 200 million times a day.

Larry Page and Sergey Bin

He is known as one of Microsoft’s founders. Together with Paul Allen, he created and sold it to the first personal computer company, and he became very successful.

Bill Gates

He co-founded Alibaba Group, a global technology conglomerate, and was its executive chairman. Additionally, he co-founded the Chinese private equity firm Yunfeng Capital.

Jack Ma

He co-founded Airbnb, a room-sharing platform with 6 million listings in 100,000 cities and towns worldwide. Since its inception in 2008, the publicly traded company with headquarters in San Francisco has hosted more than a billion guests and reported revenue of $6 billion in 2021.

Brian Chesky

He is an American businessman, co-founder, and CEO of Snap Inc. Spiegel was the youngest billionaire in the world in 2015.

Evan Spiegel

She is an entrepreneur, philanthropist, and supermodel. She also started Kode With Klossy, a program to get girls interested in coding, after being encouraged to go to a coding boot camp by friends who were entrepreneurs.

Karlie Kloss

She established the Hong Kong-based K-12 coding school First Code Academy, which taught children ages four (4) and up how to code and create mobile applications.

Michelle Sun

He is the CEO and co-founder of Grab, the leading mobile technology company in Southeast Asia that aims to liberate transportation.

Anthony Tan

He is a Chinese internet entrepreneur who created the news aggregator Toutiao and the video-sharing platform TikTok, formerly known as Musical.ly, in addition to founding ByteDance in 2012.

Zhang Yiming

Which is NOT a tech business idea

Laundry Shop

Its real meaning is increasing income.

Innovation

is a change in how a product or service is manufactured, created, or distributed to achieve greater efficiency

Process Innovation

is creating new ideas that do not alter established business models.

Product/Service Innovation

introduces a new value proposition. It either creates new markets or reshapes existing markets.

Disruptive Innovation

can occur when characteristics of existing products limit the number of potential consumers or force consumption to take place in inconvenient, centralized settings.

New-Market Disruptive Innovation

can occur when existing products and services are “too good,” making them overpriced compared to the value existing customers can use.

Low-end Disruptive Innovation

can be successful when properly introduced in its market entry.

original idea

that was improved can achieve competitive success among other enterprises that offer the same product or service.

old idea

Technopreneurs must adhere to the norms of society.

The public

Technopreneurs must be aware of the groups keen on protecting consumers’ rights.

Interest groups such as consumer rights advocates

It is best to study other enterprises’ ethical standards.

Business organizations

They play an important part in coming up with technopreneurial ideas.

Morals and conviction

also known as the E-Commerce Act, imposes penalties on offenses involving computers and the Internet, such as infecting a customer’s computer with viruses when they place an online order, hacking, and stealing original works that are trademarked or copied.

Republic Act 8792

also known as the Magna Carta for SMEs, acknowledges the significance of SMEs to the growth of the nation’s economy. This law shields SMEs from potential dangers, providing them with the necessary government assistance.

Republic Act 9501

This Department of Trade and Industry (DTI) administrative order safeguards consumer data.

DTI Department Administrative Order No. 8

When models need to be tested, they use

Prototypes

is recognizing, comprehending, and sharing another person’s emotions. Design decisions are based on how others feel.

Empathy

is a useful tool for technopreneurs to understand their customers better and end users.

Empathy Map

is the primary and fundamental reason for an organization’s existence, not only to inspire the organization but also to help employees develop their priorities and roles and understand their colleagues’ priorities and roles.

Purpose

It refers to the desired future state or “big picture” of an organization’s goal. A vision is a goal that is massively inspiring, in-depth, and long-term.

Vision

is more specific and action-oriented than a vision. It outlines the organization’s primary purpose and the basis of competition and competitive advantage

Mission

This type of business is owned and managed by one (1) person.

Sole Proprietaroship

This is operated by two (2) or more people who are experts in the skill where their enterprise is categorized.

Partnership

A private business or organization known as a ______ business, or a co-op, is owned and run by members who profit from the company’s products or services

Cooperative

Forming a _____ is more difficult than the three (3) business types.

Corporation

It is a framework used to evaluate a firm’s competitive position by listing the conditions inside and surrounding it.

SWOT Matrix

It is a tool used to produce, compare, and select the appropriate strategies for an enterprise

TOWS Analysis

These are the internal areas where an organization excels and factors that separate an organization from its competitors.

Strengths

These internal areas hinder an organization from performing at its optimum level.

Weaknesses

These are favorable external factors that could give an organization a competitive advantage

Opportunities

These are the factors that may pose potential harm to an organization.

Threats

The enterprise would use its strengths to exploit opportunities.

Maxi-Maxi Strategy (SO)

The enterprise would find options that overcome weaknesses and then take advantage of opportunities. The enterprise diminishes its weaknesses to exploit opportunities.

Mini-Maxi Strategy (WO)

The enterprise would exploit its strengths to overcome potential threats.

Maxi-Mini Strategy (ST)

The enterprise analyzes its operations in an attempt to minimize any weaknesses to avoid possible threats

Mini-Mini Strategy (WT)

It is a tool to identify the external forces that may affect an organization positively and negatively.

PESTEL

These factors determine the impact of government and government policy on a particular organization or a specific industry. It includes trade, fiscal, and taxation policies, among others.

Political

These factors determine the impact of the economy and its performance on an organization and its profitability.

Economical

These factors determine the impact of the social environment and emerging trends on the business profitability of an organization.

Social

These factors determine the influence of the surrounding environment and ecological aspects’ impact on a market or industry.

Environmental

These factors determine the impact of technological innovation and development on a particular market or industry.

Technological

These factors determine the importance of understanding legal laws and procedures in a given territory where a business operates.

Legal

These are competitors that sell the same product or service (e.g., Jollibee and Mcdonald’s). They offer the same products and target the same market.

Direct Competitors

These are enterprises that sell different goods and services, have the same markets, and satisfy the same consumer needs.

Indirect Competitors

These are enterprises that have the power to take a market share if they enter a certain market.

Future Competitors

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