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BSIT 4-1
Technopreneurship
Syllabus
Chapter 1:
Technopreneur & Technopreneurship
Chapter 2
Business Opportunities: Identification, Evaluation & Selection
Chapter 3
Innovation and Technopreneurship
Technopreneurship
Chapter 4
Forms of Business Entities, Regulations and Business Support System
Chapter 5
Business Plan
Chapter 6
Management of a Small Business
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Chapter 7
Marketing
Chapter 8
Operations Management
Chapter 9
Financial Plan
Chapter 10
Issues on Technopreneurship
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References
i. UiTM Entrepreneurship Study Group (2004). Fundamentals of Entrepreneurship. Pearson Prentice Hall. ii. Peter F.Drucker (1993). Innovation and Entrepreneurship. HarperBusiness iii. W.Chan Kim, Renee Mauborgne (2005). Blue Ocean Strategy. Harvard Business School Publishing Corporation iv. David H.Bangs, Jr (2001). The Business Planning Guide, Advantage Quest Publications.
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Subject assignment
Business proposal
A group consists of max 6 students Register group members
CEO/manager
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How many business should be established to have all this stuffs inside your kitchen? Technopreneurship
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Percentage???
% = Business items non-business items x 100% Business items
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Entrepeneur
Entrepreneur invests, transforms and makes (profit or loss) [Richard Cantillon, French economist]
In other words, goods are bought at a certain price, value is added by transforming (the least being to repack) the goods, and the goods are then sold at an uncertain price.
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The task of forming an organisation for commercial purposes [Adam Smith 1977] In his book, Wealth of Nations The ability to foresee potential through changes in the economy, and to act on the demand thereby created
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The entrepreneur was said to influence society by forming enterprises and was in turn influenced by society to recognise needs and to fulfil through skilful management of resources [Jean Babtiste Say, 1903, French Economist]
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Entrepreneurs are economic agents who transform resources into goods and services, thereby creating an environment conducive to industrial growth [Carl Menger, 1871, Principles of Economics]
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Priority 1
Priority 2
Intermediate
Priority 7
Source: David H.Holt. Entrepreneurship. New Venture Creation Englewood Cliffs, NJ: Prentice-Hall 1992, p.5
Priority 8
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Entrepreneurship is a creative destruction force that sees the destruction of usual ways of doing things by the introduction of new improved ways [Joseph Schumpeter, 1934, Austrian]
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Entrepreneurship is a process, and the entrepreneur is an innovator who uses processes to challenge existing norms via combinations of new resources and methods in commerce.
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Technopreneur
They are entrepreneurs who used technology as their driven factor in transforming resources into goods and services, creating an environment conducive to industrial growth
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Innovations are not confined to tangible products but also include services and processes.
The continuous improvement in financial sector City bank, Air Asia
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In the world of corporate business, intrapreneurs 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.
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Any Questions?
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What Is Entrepreneurship?
Nature of Entrepreneurship
It is a socio-economic phenomenon.
What is Entrepreneurship?
It is a creative and innovative human act. Ability to create and build a vision from practically nothing. Vision requires willingness to take calculated risks. It is a discipline, hence it can be learned Peter Drucker
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Definition of Entrepreneurship
Entrepreneurship is the ability to create and build a vision from practically nothing. Fundamentally, it is a human, creative act. It is the application of energy to initiating and building an enterprise or organization, rather than just watching or analyzing. This vision requires a willingness to take calculated risks both personal and financial, and then to do everything possible to reduce the chances of failure. Entrepreneurship also includes the ability to build an entrepreneurial or venture team to complement your (the entrepreneur) own skills and talents. It is the knack for sensing an opportunity where others see chaos, contradiction, and confusion. It is possessing the knowhow to find, marshal and control resources, often owned by others.
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Entrepreneur Are Made and Not Born The entrepreneurial mystique? Its not magic, its not mysterious and it has nothing to do with the genes. It is a discipline. And like any discipline, it can be learned.
Peter Drucker
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Self reliance
Perseverance (keep trying to achieve something)
Need to achieve
Self confidence
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Small Business
Little innovation
Static growth Little vision Family business Earning a livelihood Low or minimum
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Employment creation
Money making machine Higher risk
risk
About 1 million businesses are formed each year in the US Between 70 to 80% failed the first year of start-up 10% to 20% last through the next 5 years Venture investment 1:10 success rate Venture capitalists expects between 5 to 10 times return
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Mewujudkan masyarakat saintifik dan progresif, masyarakat yang mempunyai daya perubahan tinggi dan memandang ke hadapan, yang bukan sahaja menjadi pengguna teknologi tetapi juga penyumbang kepada tamaddun saintifik dan teknologi Technopreneurship masa hadapan
R&D Cluster
Knowledge-driven
Labour-driven
1960
1970
1980 Technopreneurship
1995
2005
2020
Value creation through knowledge products and industry ICT as a sector Information as commodity
Economic
Competitive, dynamic, robust & resilient Fair & equitable distribution of wealth Knowledge economy
NITA Vision
2020
Now
Connectivity of Empowered citizens networks Self-regulating Equitable access to Self-controlled information Fostering creativity Culture of learning Inclusive society Information literate Technopreneurship Strong families
Social
United Developed & secure Strong moral and ethical values Democratic and liberal Tolerant & Progressive
Strategic Framework
For balanced development through innovation, the ICT4D Framework shown, which draws on the principles highlighted thus far, can be used as a guide.
K-society Technopreneurship
Govern -ment
ICT as an ENABLER
Society
Industry
Foster form of accountability and transparency in the process of governance that enhance the quality of life of Malaysians Key focus: Participating in governance for quality of life
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Any Questions?
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