Technological Entrepreneurship
- Entrepreneurship in a technology - intensive context.
- Process of merging technology process and entrepreneurial talent and skills.
Who is Technopreneur?
- A person who destroy the existing economic order (creative destruction)
by introducing new products and services, by creating new forms of
organizations and by exploiting new raw materials (Schumpeter, 1934)
- Someone who perceives an opportunity and creates an organization to pursue
it.
- Person who undertake risks ( by creating an enterprise or business) that
has a chance of profit or success technopreneurship distinguishes themselves
through their ability to accumulate and manage knowledge as well as their
ability to mobilize resources to achieve a specified business or social goal
(Kuemmerle, 2002)
- A bold, imaginative, deviator from established business methods who
constantly seeks the opportunity to commercialize new products, technologies
processes and arrangements (Baumol, 2002)
- Distinguishes logic from tradition, common tradition from prejudice,
prejudice from common sense and common sense from non sense while integrating
variety of ideas from diverse groups and discipline (Manuel cereijo, 2002)
- Skilled in applied creativity thrive in response to challenge and lack
for unconventional solutions. They experience challenges , creative visions
solutions, build stories that explains
their visions for and then act to the part of the solutions. They forge new
paths and risk failure, but persistently seek success (Dorf and Byers, 2005)
What is Entrepreneurship?
- A way of thinking and acting that is opportunity obsessed, holistic in
approach and leadership balanced for the purpose of the wealth creation (Babson's
Definition)
- Creative destruction, dynamic disequilibrium brought on by the innovating entrepreneur rather than equilibrium and optimization is the norm of a healthy
economy and the central reality of economic theory and practice (Schumpeter, 1934)
- Entrepreneur searches for charges responds to it, exploits it is an
opportunity, innovation is the specific tool of entrepreneurs the means by
which the exploit change as an opportunity for a different business or a
different service (Drucker, 1985)
- Pursuit of opportunity without regard to the resources currently under
one's control (Stevenson)
What is Technopreneurship?
"Creating the NEW and destroying the OLD"
- new knowledge
- new products
- new processes
- new services
- new market
- new business
Entrepreneurial Process vs Technopreneural Process
Opportunity Analysis Idea
Generation
Business planning Idea
Screening
Gathering Resources Concept
Testing
Implementation Business
Analysis
Scaling and Harvesting Prototyping
Everything starts on idea Commercialization
Monitoring and Evaluation
Everything
starts on an opportunity
Technopreneur and the Economy
Technopreneurs as agents of economic growth
Natural Capital ---> Economy <--Beneficial Outputs(maximized)
Entrepreneurs
as an
Financial Capital ---> agents of progress <--- Undecided Waste Output(minimized)
Intellectual Capital ---> <---
Increase Safety
3 Elements of Intellectual Capital
- Human Capital - skills, capabilities and knowledge of the firms people
- Organizational Capital - patents, technologies, processes, database and networks
- Social Capital - quality of the relationships with customers, suppliers and partners.
4 Types of Entrepreneurship
- Incremental - routine business, modest industry. Example: new coffee shop
- Immitating - limitation of a venture, same business model and template. Example: new regional branch and franchise operation
- Rent seeking - business that utilizes standards, regulation and laws to show on value of an enterprise. Example: licensing of patented ideas, products or trade secrets.
- Innovating - business type based on innovation. Example: new cure for infectious disease, new DVD format, new memory chip, new ICT enhance home appliance
Technopreneruship Definition Part II
- Hightech ventures in ICt, electronis, internet, life sciences and BIOTECH. Example: CISCO, Nano Tech
- Service firm where technology is critical to their mission, business that provides services.
- Delivery or design of hightech products like computer hardware or devices.
- Use of technology in the delivery or conduct of normal business activities.
Sucessful Technoprenuership is equal to HELF
Human Resources Laws
& Policies
Techno
Ventures
Environmental Financial
Resources
Human Resources Components
·
Research
·
Thinker
·
Idea Generator
·
Innovator
Development
·
Implementation
·
Technical People
·
Marketing People
·
Financers
Environmental Components
·
Science Parts
·
Incubation Center
·
Academic Institution
·
Research Development Center
·
Internet access and communication and other support services
·
Geographic Accesibility
Laws and Policy Components
·
Intellectual property rights
·
Technology licensing office
·
Legal Services
Financial Components
·
Investors
·
Financial Services
·
Business Sectors
·
Funding Agencies
This is great! Could you please provide the references cited above? Thanks!
ReplyDeleteThe Primary motives of Entrepreneurship is to Innovation, financial gain tad independence and Primary motives of Intrapreneurship is to enhance rewarding capacity of the organization and autonomy.
ReplyDeleteThis should sum up the Difference between Entrepreneurship and Intrapreneurship.
I want to share a testimony on how Le_Meridian funding service helped me with loan of 2,000,000.00 USD to finance my marijuana farm project , I'm very grateful and i promised to share this legit funding company to anyone looking for way to expand his or her business project.the company is funding company. Anyone seeking for finance support should contact them on lfdsloans@outlook.com Or lfdsloans@lemeridianfds.com Mr Benjamin is also on whatsapp 1-989-394-3740 to make things easy for any applicant.
ReplyDelete