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Business Planning Usually includes marketing strategy, financial and operational ______.
viewpoint
A business ought to have four types of resources that includes physical resources, intellectual, human, and ______ resources.
financial
Implementation is a process of execution about what has been planned and utilizing the numerous resources for the success of the ______.
business
Scaling is a process where the organization will encounter ______.
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Harvesting is a process where the organization will reap what they sow in dealing with the ______.
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Idea Generation involves brainstorming & researching problems and needs. Identify market opportunities and solutions. Spark it! Monitoring and Evaluation measure performance, iterate, and adapt for success. Track it! Idea Screening screen ideas for feasibility, potential, and alignment. Determine compatibility and profit/ ROI. ______ it!
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Diosdado “Dado” Bantao invented the chip set and the graphic acceleration architecture for every Personal Computer (PC) in 1996, and later sold his company to __________.
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Joey Gurango is the CEO of Gurango Software, a Global Provider of Human Capital Management solution and the most successful Microsoft Dynamics partner in __________.
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Winston Damarillo was a high performing venture capital professional at __________ and is now the CEO and co-founder of Morphlabs.
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Joey Concepcion is one of the founders of Go Negosyo, which provides seminars, livelihood trainings, pamphlets, TV programs, and books to help Filipinos establish their own __________.
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Leandro Leviste, instead of pursuing a political career like his family, dropped out of college to establish __________ Philippines.
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Mark Elliot Zuckerberg is known for cofounding and leading __________ as its chairman and CEO.
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Drone Entrepreneur – are reluctant to change as they are happy with the result of their business even if they have financial losses. 4 Technopreneur – is a person who perceives an opportunity by introducing new products and services, creating new forms of organization and by utilizing new raw materials. A person revolutionizes the prevailing economic order by making the best use of the technology at hand. They introduce new concepts of products and services in the market that help the cause and fill their pockets too. 5 Five Traits of a Technopreneur 1.Strong Communication Skills that Close Deals __
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Drone Entrepreneur – are reluctant to change as they are happy with the result of their business even if they have financial losses. 4 Technopreneur – is a person who perceives an opportunity by introducing new products and services, creating new forms of organization and by utilizing new raw materials. A person revolutionizes the prevailing economic order by making the best use of the technology at hand. They introduce new concepts of products and services in the market that help the cause and fill their pockets too. 5 Five Traits of a Technopreneur 1.Strong Communication Skills that Close Deals 2.Product Management Knowledge __
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Drone Entrepreneur – are reluctant to change as they are happy with the result of their business even if they have financial losses. 4 Technopreneur – is a person who perceives an opportunity by introducing new products and services, creating new forms of organization and by utilizing new raw materials. A person revolutionizes the prevailing economic order by making the best use of the technology at hand. They introduce new concepts of products and services in the market that help the cause and fill their pockets too. 5 Five Traits of a Technopreneur 1.Strong Communication Skills that Close Deals 2.Product Management Knowledge 3.Deep Technical Understanding __
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Drone Entrepreneur – are reluctant to change as they are happy with the result of their business even if they have financial losses. 4 Technopreneur – is a person who perceives an opportunity by introducing new products and services, creating new forms of organization and by utilizing new raw materials. A person revolutionizes the prevailing economic order by making the best use of the technology at hand. They introduce new concepts of products and services in the market that help the cause and fill their pockets too. 5 Five Traits of a Technopreneur 1.Strong Communication Skills that Close Deals 2.Product Management Knowledge 3.Deep Technical Understanding 4.Take Big Risks __
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Differences between Entrepreneur and Technopreneur ENTREPRENEUR Likes to compete Self-starter/pioneer Able to do many things at once Creative/has goals and dreams Likes to work for himself Motivated to achieve and attain financial success Focus on the chances of success rather than the possibility of failure TECHNOPRENEUR Likes to compete Likes to innovate Part of a team Able to do many things at once but chooses to delegate Innovative/Greater Vision Likes to be one to control innovation Motivated by a strong vision and the passion to innovate Takes failure in stride and knows that if corrected it will lead to success __
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The Entrepreneurial Process 1.Opportunity Analysis This phrase refers to establishing demand and competitive analysis of the market. __
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Technology is the application of scientific knowledge to find answers and solve problems. It refers to the tools, techniques, and methods that humans have developed to solve problems and achieve their goals. Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. Technology + Entrepreneurship = ______. ______ is the process in which a business-minded person relies on technology to start, develop, and make a business venture profitable. The process starts by identifying a business opportunity and then coming up with a product or service that exploits that opportunity to maximize profit. Entrepreneur is a person that possess various skills in terms of marketing, communication and strategically has the potential demand for the goods and services. Types of Entrepreneur: Innovative Entrepreneur – a person that have such a great passion in discovering and developing new products, new ideas and new processes. Imitating Entrepreneur – a person who immediately copy the existing products made by the innovative entrepreneur because there is no such new inventions or innovations. Fabian Entrepreneur – a person that is skeptical about the changes that will be made in the organization.
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Technopreneurship is the process in which a business-minded person relies on technology to start, develop, and make a business venture profitable. The process starts by identifying a business opportunity and then coming up with a product or service that exploits that opportunity to maximize profit. Entrepreneur is a person that possess various skills in terms of marketing, communication and strategically has the potential demand for the goods and services. Types of Entrepreneur: ______ Entrepreneur – a person that have such a great passion in discovering and developing new products, new ideas and new processes. Imitating Entrepreneur – a person who immediately copy the existing products made by the innovative entrepreneur because there is no such new inventions or innovations. Fabian Entrepreneur – a person that is skeptical about the changes that will be made in the organization.
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Technopreneurship is the process in which a business-minded person relies on technology to start, develop, and make a business venture profitable. The process starts by identifying a business opportunity and then coming up with a product or service that exploits that opportunity to maximize profit. Entrepreneur is a person that possess various skills in terms of marketing, communication and strategically has the potential demand for the goods and services. Types of Entrepreneur: Innovative Entrepreneur – a person that have such a great passion in discovering and developing new products, new ideas and new processes. ______ Entrepreneur – a person who immediately copy the existing products made by the innovative entrepreneur because there is no such new inventions or innovations. Fabian Entrepreneur – a person that is skeptical about the changes that will be made in the organization.
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Technopreneurship is the process in which a business-minded person relies on technology to start, develop, and make a business venture profitable. The process starts by identifying a business opportunity and then coming up with a product or service that exploits that opportunity to maximize profit. Entrepreneur is a person that possess various skills in terms of marketing, communication and strategically has the potential demand for the goods and services. Types of Entrepreneur: Innovative Entrepreneur – a person that have such a great passion in discovering and developing new products, new ideas and new processes. Imitating Entrepreneur – a person who immediately copy the existing products made by the innovative entrepreneur because there is no such new inventions or innovations. ______ Entrepreneur – a person that is skeptical about the changes that will be made in the organization.
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Entrepreneur is a person that possess various skills in terms of ______, communication and strategically has the potential demand for the goods and services. Types of Entrepreneur: Innovative Entrepreneur – a person that have such a great passion in discovering and developing new products, new ideas and new processes. Imitating Entrepreneur – a person who immediately copy the existing products made by the innovative entrepreneur because there is no such new inventions or innovations. Fabian Entrepreneur – a person that is skeptical about the changes that will be made in the organization.
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Entrepreneur is a person that possess various skills in terms of marketing, ______ and strategically has the potential demand for the goods and services. Types of Entrepreneur: Innovative Entrepreneur – a person that have such a great passion in discovering and developing new products, new ideas and new processes. Imitating Entrepreneur – a person who immediately copy the existing products made by the innovative entrepreneur because there is no such new inventions or innovations. Fabian Entrepreneur – a person that is skeptical about the changes that will be made in the organization.
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Study Notes
Business Planning
- Business planning involves marketing strategy, financial strategy, and operational strategy.
- A business needs four types of resources: physical, intellectual, human, and financial resources.
Implementation and Scaling
- Implementation is the process of executing plans and utilizing resources for success.
- Scaling is the process of growth and expansion, where an organization encounters challenges and opportunities.
Harvesting and Monitoring
- Harvesting is the process of reaping the rewards of one's efforts, dealing with the success of the business.
- Monitoring and evaluation involve measuring performance, iterating, and adapting for success.
Idea Generation and Screening
- Idea generation involves brainstorming, researching problems, and identifying market opportunities and solutions.
- Idea screening involves evaluating ideas for feasibility, potential, and alignment.
Entrepreneurial Profiles
- Diosdado “Dado” Bantao invented the chip set and graphic acceleration architecture for PCs in 1996 and sold his company to Intel.
- Joey Gurango is the CEO of Gurango Software, a global provider of Human Capital Management solutions.
- Winston Damarillo is the CEO and co-founder of Morphlabs.
- Joey Concepcion is one of the founders of Go Negosyo, which helps Filipinos establish their own businesses.
- Leandro Leviste established Solar Philippines.
Drone Entrepreneur and Technopreneur
- A Drone Entrepreneur is reluctant to change, despite financial losses, and is happy with the current state of their business.
- A Technopreneur is a person who perceives opportunities by introducing new products and services, creating new forms of organization, and utilizing new raw materials.
Five Traits of a Technopreneur
- Strong communication skills that close deals.
- Product management knowledge.
- Deep technical understanding.
- Willingness to take big risks.
- Strong vision and passion for innovation.
Entrepreneurial Process
- The entrepreneurial process starts with opportunity analysis, which involves establishing demand and competitive analysis of the market.
Technology and Entrepreneurship
- Technology is the application of scientific knowledge to solve problems and achieve goals.
- Entrepreneurship is the ability and readiness to develop, organize, and run a business enterprise, along with its uncertainties, to make a profit.
- Technopreneurship is the process of using technology to start, develop, and make a business venture profitable.
Types of Entrepreneur
- Innovative Entrepreneur: a person who discovers and develops new products, ideas, and processes.
- Imitating Entrepreneur: a person who copies existing products made by innovative entrepreneurs.
- Fabian Entrepreneur: a person who is skeptical about changes in the organization.
- Drone Entrepreneur: a person who is reluctant to change, despite financial losses.
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Description
Test your knowledge on business planning which includes marketing strategy, resource gathering, implementation, scaling, and harvesting. Explore the key components of a successful business strategy.
