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Impact of Technology on Innovation and Entrepreneurship

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Impact of Technology on Innovation and Entrepreneurship

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Questions and Answers

What is the main aim of the course mentioned in the text?

To restrict access to technological advancements

To impart knowledge about technology, business, and society for competitive entrepreneurship (correct)

To develop an indifferent attitude towards technology and business

To discourage entrepreneurial aspirations

How does technology influence entrepreneurial endeavors according to the text?

By limiting interest in innovation and simple product development

By promoting collaboration and competitive advantage in businesses (correct)

By isolating entrepreneurs from global perspectives

By discouraging economic stability

What role does technological knowledge play in becoming competitive in the business and technological world?

It hinders growth opportunities in both sectors

It is irrelevant for success in the fast-changing environment

It is essential for establishing a competitive edge in the evolving landscape (correct)

It leads to stagnation and lack of innovation

What is the main focus of Technology as mentioned in the text?

Creating tools and processing actions Signup and view all the answers

Why do businesses use technology, according to the text?

To improve economic growth Signup and view all the answers

What differentiates Technopreneurship from traditional entrepreneurship?

Merging of technology and entrepreneurial skills Signup and view all the answers

How does Entrepreneurship contribute to economic growth?

By creating new opportunities Signup and view all the answers

In what way does Technopreneurship accelerate innovation?

By collaborating people with various skills Signup and view all the answers

What distinguishes Technology from Entrepreneurship based on the text?

Solving problems and embarking on business ventures Signup and view all the answers

What characterizes an innovative entrepreneur?

Passionate about discovering and developing new products. Signup and view all the answers

Which type of entrepreneur immediately copies existing products without innovation?

Imitating Entrepreneur Signup and view all the answers

What sets a technopreneur apart from other entrepreneurs?

Creating new forms of organization using new raw materials. Signup and view all the answers

What differentiates a drone entrepreneur from other types of entrepreneurs?

Reluctant to change and content with current business outcomes. Signup and view all the answers

Which type of entrepreneur defies existing products and systems with new solutions using technology?

Technopreneur Signup and view all the answers

What distinguishes an imitating entrepreneur from other types of entrepreneurs?

Immediately copies existing products made by innovative entrepreneurs. Signup and view all the answers