Introduction to Technopreneurship Module 1 Quiz
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Questions and Answers

What is the name of the cloud-based all-in-one platform offered by Orangeapps.ph?

  • Cropital
  • K-12 program
  • Orange App (correct)
  • Gurango Software

    • What is the name of the agritech startup founded by Rachel De Villa?

  • Gurango Software
  • Cropital (correct)
  • Orange App
  • Solar Philippines

    • What is the current position of Joey Gurango?

  • Founder of Orangeapps.ph
  • Founder of Solar Philippines
  • CEO of Gurango Software (correct)
  • Chosen for pioneering work on Cropital

    • How old was Leandro Leviste when he founded Solar Philippines?

    <p>23 years old</p> Signup and view all the answers

    What is the first step in the Technopreneurial Process described in the text?

    <p>Discovering Gaps and Areas of Need in the Environment</p> Signup and view all the answers

    What is the second step in the Technopreneurial Process?

    <p>Having Eyes for and Creating Opportunities</p> Signup and view all the answers

    What is the key characteristic of an ad-based revenue model?

    <p>The company creates and places ads on high-traffic channels</p> Signup and view all the answers

    How does the affiliate revenue model work?

    <p>The company promotes affiliate links and earns commissions on sales</p> Signup and view all the answers

    What is the key difference between inside sales and outside sales in the direct sales model?

    <p>Inside sales involve sales agents calling prospects, while outside sales involve face-to-face transactions</p> Signup and view all the answers

    How does the web sales model differ from the transactional revenue model?

    <p>Web sales involve customers paying for products or services over the internet, while the transactional model involves in-person sales</p> Signup and view all the answers

    What is the main difference between the channel sales model and the direct sales model?

    <p>Channel sales involve agents or resellers selling the product, while direct sales involve the company selling directly to customers</p> Signup and view all the answers

    How can the affiliate revenue model be used in conjunction with the channel sales model?

    <p>The affiliate revenue model can be used to promote the company's products, while the channel sales model involves selling through agents or resellers</p> Signup and view all the answers

    What was the initial reaction to the school project that later became PayMaya?

    <p>It was considered difficult to implement and unproven.</p> Signup and view all the answers

    Which of the following characteristics does NOT describe a technopreneur?

    <p>Risk-averse</p> Signup and view all the answers

    Which category of technopreneur is Diosdado 'Dado' Banatao associated with?

    <p>Venture Capitalists</p> Signup and view all the answers

    Which of the following is NOT mentioned as a characteristic of a technopreneur?

    <p>Wealthy</p> Signup and view all the answers

    Which of the following is an example of a successful Filipino technopreneur mentioned in the text?

    <p>RJ David</p> Signup and view all the answers

    What recognition did the project that later became PayMaya receive at Harvard?

    <p>It won second place in the Business Plan Contest and was a finalist for the Minimum Viable Product Funding award.</p> Signup and view all the answers

    What is the primary focus of technopreneurship?

    <p>The use of technology as a key element in transforming goods or services</p> Signup and view all the answers

    Which of the following is NOT a form of technopreneurship?

    <p>Providing consulting services without the use of technology</p> Signup and view all the answers

    What is the definition of entrepreneurship according to Peter F. Drucker?

    <p>The practice of consistently converting good ideas into profitable commercial ventures</p> Signup and view all the answers

    What is the relationship between technology and entrepreneurship in the context of technopreneurship?

    <p>Technology and entrepreneurship are integrated and interdependent</p> Signup and view all the answers

    What inspired Anthony Tan to develop the idea for a taxi-booking service?

    <p>A friend's complaint about the horrible taxi experience in Malaysia</p> Signup and view all the answers

    What is technology?

    <p>The collection of techniques, skills, methods, and processes used in the production of goods or services</p> Signup and view all the answers

    What is the key characteristic of the 'Product is Free, But Services Aren't' business model?

    <p>The product is offered for free, while customers pay for additional services like installation or training.</p> Signup and view all the answers

    Which of the following statements about successful technopreneurs is incorrect?

    <p>They work alone and do not have a team.</p> Signup and view all the answers

    What is the Freemium business model?

    <p>The basic services are free, but customers pay for premium features or extensions.</p> Signup and view all the answers

    Which of the following is NOT a common funding model for startups mentioned in the text?

    <p>Crowdfunding</p> Signup and view all the answers

    What is the key characteristic of the Retail Sales business model?

    <p>It requires shelf space at existing physical stores to sell products.</p> Signup and view all the answers

    Which of the following statements about successful technopreneurs is true?

    <p>They are calculated risk-takers and understand the value of resources.</p> Signup and view all the answers

    Study Notes

    Successful Technopreneurs

    • Gian Scottie Javelona founded Orange App's cloud-based all-in-one platform, offering innovative educational technology for schools carrying the K-12 program.
    • Rachel De Villa pioneered agritech startup Cropital, providing farmers access to scalable and sustainable financing through crowdfunding.
    • Joey Gurango is the CEO of Gurango Software, a global provider of Human Capital Management solutions and the most successful Microsoft Dynamics partner in the Philippines.
    • Leandro Leviste founded Solar Philippines at 23, providing solar power, and building solar "farms" and rooftop panel systems.

    Entrepreneurial and Technopreneurial Process

    • Discovering gaps and areas of need in the environment.
    • Having eyes for and creating opportunities.
    • Developing a viable business model.
    • Defining and assembling your audience.
    • Monetizing your audience.
    • Environmental awareness, mental alertness, and research and knowledge-seeking behaviors.
    • Seeking and creating opportunities.

    Types of Revenue Models

    • Ad-Based Revenue Model: creating ads for a specific website, service, app, or product, and placing them on strategic, high-traffic channels.
    • Affiliate Revenue Model: promoting links to relevant products and collecting commission on sales.
    • Transactional Revenue Model: providing a service or product and customers paying for it.
    • Subscription Revenue Model: offering a product or service that customers pay for over a longer period.
    • Web Sales: customers pay directly for a product or service via a web search or outbound marketing.
    • Direct Sales: inside sales (someone calls in to place an order) and outside sales (face-to-face sales transaction).
    • Channel Sales (or Indirect Sales): agents or resellers selling products for a company.

    The Technopreneur

    • A technopreneur is an entrepreneur who is technology-savvy, creative, innovative, dynamic, and passionate about their work.
    • They take the unexplored path and dare to be different.

    Types of Technopreneurs

    • Inventors (Technology developers): develop unique technology capable of driving a new business.
    • Innovators (Technology users): see a new technology development and understand how it can be applied to meet a market need.

    Successful Technopreneurs

    • Steve Jobs, Bill Gates, Mark Zuckerberg, Sergey Brin, and Larry Page.
    • Diosdado “Dado” Banatao of Tallwood Venture Capital, a venture firm focused on semiconductor technology solutions.
    • RJ David of Sulit.com, merging with top online classifieds around the world and operating them under one brand.

    Instructional Materials in TECHNOPRENEURSHIP

    • Entrepreneurship = TECHNOPRENEURSHIP: the use of technology as an integral and key element in the transformation of goods or services.
    • TECHNOPRENEURSHIP is the integration of technology, innovation, and entrepreneurship.
    • Forms of technopreneurship include the use of technology to deliver products or services, development of new technology inventions, and the exploitation of technology for profit.

    Other Key Concepts

    • Retail Sales: setting up a traditional department store or retail store offering physical goods to customers.
    • Product is Free, But Services Aren’t: giving away products for free but requiring customers to pay for additional services.
    • Freemium Model: offering basic services for free but requiring customers to pay for additional premium features.
    • Various Possible Funding Models: friends, family, concept of foes, assessing the angels, private equity, venture capital, angel investors, public offers, synergy, and partnering.
    • Most Successful and Effective Technopreneurs: are not born, but made; often work with a team; are trained by a mentor; are calculated risk takers; share the burden of responsibility; understand the needs of customers; have a business model in mind; understand the value of resources and where to find them.

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    Description

    Test your knowledge on the basics of technopreneurship with a focus on the introduction to technopreneurship, the definition of technopreneurship, and the role of technology in entrepreneurship. Explore key concepts and quotes in the field.

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