Cyberpreneurship and Cyberlaw Overview

Cyberpreneurship and Cyberlaw

• Cyber: Relates to or involves computers and networks like the internet.
• Cyber is a prefix: Used in many terms to describe new things made possible by computers and devices.
• Entrepreneur: Person who starts a business for profit.
• Cyberpreneur: Entrepreneur using the digital world to start, promote, scale or further develop and innovate businesses.
• Cyberlaw: Part of the legal system dealing with the internet, cyberspace, and related legal issues.

Course Outline

• Introduction: Defines creativity, innovation, examples of creativity leading to innovation, technology trends, commercialization.
• Entrepreneurship: Management and ownership; characteristics of entrepreneurs, starting a business, business planning, strategic planning, site selection.
• Establishing new ventures: Risk management, business plan development (definition, need, preparation).
• Business Plan Development: Includes forecasting, market research, feasibility study, financing, marketing plan, pricing, advertising, and promotion.
• Case studies: Examples of successful entrepreneurs, including Bill Gates, Michael Dell, David Filo, Jerry Yang.
• Nigerian Entrepreneurship: Focuses on the Nigerian business environment, successful Nigerian entrepreneurs, an overview of Nigerian legal system, and topics such as contract law, digital signatures, intellectual property, and speech law. The course discusses criminal and civil law, including issues like defamation, sedition, and the printing press. Also included are in-depth looks at advertising standards, media licensing laws, moral and intellectual rights, and analysis of the Communications and Multimedia Acts.
• Ethics and Etiquette: Discusses codes governing social behavior, the right to privacy, and other ethical considerations.

Innovation, Creativity, and Invention

• Innovation: Process of turning a new concept into widespread use or commercial success.

• Invention: Creation of a new idea or concept.

• Creativity: Act of turning new and imaginative ideas into reality.

• These concepts are interrelated and necessary for growth.

• Examples of innovation: Uber (ride-sharing), Google Glass, successful companies like Care of, Amazon Scout, Impossible Food, Google's self-driving taxis, additive manufacturing.

• Creativity in business: The act of turning imagination into a tangible form. First stage of design, vital for plan development.

• Examples: Uber's creation of ride sharing. Google Glass (though not strictly innovative in the monetary sense).

• Invention: Physical creation of a new concept or idea, including product designs, business models (e.g., Uber business model), and working prototypes.

• Innovation's Importance (in Business): Innovation ties together business elements. It's about exploiting new ideas (turning an invention into a successful business).

• Innovation in Uber: Successful product with creative ideas, a plan, and widespread marketing, benefiting the car-sharing industry and changing it completely.

• General Innovation Examples: Several examples of innovation, including technological examples like the smartphone, iPad and others (e.g., electric cars, electric power, incandescent light bulb, computer compiler, parachute, first mechanical dishwasher, telephone).

• Innovation requires creativity and invention to succeed.