It’s not magic, it’s not mysterious and it has nothing to do with the genes. It is a DISCIPLINE. And like any discipline, it can be learned.

An innovator or developer who recognizes and seizes opportunities; converts these opportunities into workable/marketable ideas; adds value through time, effort, money or skills; assumes the risks of the competitive marketplace to implement these ideas; realizes the rewards from these efforts.

Is the practice of embarking on a new business or reviving an existing business by pooling together a bunch of resources in order to exploit new found opportunities.

Creating the "New" and destroying the "Old"

Creating the “New” and destroying the “Old”:

An entrepreneur who uses cutting-edge technology to develop new business.

Is an entrepreneur who involves himself in technological changes in producing goods and services for his organization.

They are entrepreneurs who used "technology" as their driven factor in transforming resources into goods and services, creating an environment conducive to industrial growth.

2 Types of Technology Entrepreneurship:

Those who develop unique technology capable of driving a new business.

Those who see a new technology and understand how it can be applied to meet a new market need.

Famous Technopreneurs:

It is simply entrepreneurship in a technology intensive context.

It is a process of merging technology prowess and entrepreneurial talent and skills.

One that derives a competitive advantage from direct or indirect use of technology.

It has a number of innovations. The most significant of which is 160Gb 1.8-inch hard disk drive (smaller than average hard disk 3.5 inch a 40Gb capacity).

Able to offer one-day delivery anywhere in the world. They have their sorting and delivery facility that could process up to 1,000,000,000 parcels a year.

Are individuals in organizations with high entrepreneurial characteristics.

Is an entrepreneur within a large organization with high entrepreneurial characteristics who strongly believes in his talent and ability and has a strong desire to create something using his own initiative and creativity.

In the world corporate business, they emerge as that breed who is a cross between managers and entrepreneurs.

They work for the corporation but are given the task of starting new ventures.

Sony PlayStation Intraprenur: Company: Year Launched:

Entrepreneurial Process

Technopreneurial Process

Technopreneur and the Economy ▪ Technopreneurs as agents of economic growth

Three Elements of the Capital Factors Leading to Entrepreneurial Success

The skills, capabilities, and knowledge of the firm's people.

The patents, technologies, processes, databases and networks.

The quality of the relationships with customers, suppliers, and partners.

Technopreneurs in the Philippines:

"Opportunities don’t happen You create them."

"If opportunity doesn’t knock, build a door. "

Technology:

Entrepreneur:

Leadership:

"Leadership is influence."

"Your life is your best leadership story to inspire others. Write it well."

Why Heart:

“Failure will never overtake you if your determination to succeed is strong enough”

How Hands:

Management Skills:

Leadership Skills:

QCD Framework:

What Mind:

__ is power.

__ is greater than Knowledge.

__ is the common currency on earth.

Money is a:

Five (5) Principles of MONEY:

Surround yourself with the dreamers and the doers, the believers, and the thinkers, but most of all surrounds yourself with those who see greatness within you even you don’t see itin yourself.

It is an entrepreneur who is technology savvy, creative, innovative, and dynamic, dares to be different and takes the unexplored path (hungry niche), and very passionate about work being a solution provider.

It takes the challenges and strives to lead his life with greater success.

Four (4) Life Principles:

Remain loyal in the midst of opposition.

Profit with honor.

Leads to greater responsibility.

You can still better your best.

"The secret of change is to focus all of your energy, not on fighting the old, but on building the new."

Are the individuals or businesses that purchases goods or services from another business.

Are important because they drive revenues; without them, businesses cannot continue to exist.

2 Types of Customers

Are dissociated from business operations and are often the parties interested in purchasing the final goods and services produced by a company.

Are individuals or businesses integrated into business operations, often existing as employees or other functional groups within the company.

3 Main Types of Customer Needs

Are the most tangible and obvious of the three main types of customer needs.

Can be broad or extremely specific, depending on the customer’s buying criteria.

Customers typically evaluate potential solutions based on whether they’ll help them achieve a particular task or function.

A customer need that relates to how a person wants to be perceived by others when using a product or service.

While they aren't typically a customer's primary considering they can concern when a purchase, influence their final decision.

Are similar to social needs in that they’re typically secondary to functional needs.

Refer to how a customer wants to feel.

While they can be difficult to pinpoint, companies that identify those of their customers can use the information to tailor and optimize their product messaging.

10 things you need to know about your customer

Is the process of presenting a concept for a product to its target market and learn from those prospective buyers whether or not the idea is worth pursuing.

This process typically takes place early-on in the conception stage, before any significant investment has been made in developing the product.

The two most common approaches to market validations are:

The key is that it must include direct contact and feedback from people in the product's intended market.

Its value is that your organization can uncover those problems before committing any significant time or resources to a product concept.

Can seem mysterious, but all consumers go through basic steps when making a purchase to determine what products and services will best fit their needs.

5 Steps in Consumer Decision-Making Process:

The first step of the consumer decision-making process is recognizing the need for a service or product.

When researching their options, consumers again rely on internal and external factors, as well as past interactions with a product or brand, both positive and negative.

In this stage, they may browse through options at a physical location or consult online resources, such as Google or customer reviews.

At this point in the consumer decision-making process, prospective buyers have developed criteria for what they want in a product.

Once they have gathered all the facts, including feedback from previous customers, consumers should arrive at a logical conclusion on the product or service to purchase. This is the moment the consumer has been waiting for: the actual purchase.

This part of the consumer decision-making process involves reflection from both the consumer and the seller.

It is an important part of any business or marketing plan.

It tells customers about a product or service’s unique benefits and value.

It defines the problem the product or service solves, the advantages it offers, and why it stands out from its competitors.

It should be clear, short, and easy to understand.

It should address the needs and pain points of the target audience.

It is a key part of getting and keeping customers, making more sales, and growing a business.

Elements of a Compelling Value Proposition:

A clear understanding of this is essential to crafting a value proposition that resonates with potential customers.

Articulating this that the product or service solves is critical in helping potential customers understand the value of the offering.

Clearly communicating these of the product or service helps to differentiate it from competitors and demonstrates the value it provides to customers.

Highlighting how the product or service differs from other solutions available in the market helps businesses stand out and attract customers looking for a specific solution.

Providing this of the value of the product or service through testimonials, case studies, or other evidence helps to build trust and credibility with potential customers.

Crafting a Value Proposition:

Determine who the ideal customer is and what their pain points and needs are.