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Questions and Answers
What is the first step in the DO IT acronym?
What is the first step in the DO IT acronym?
Which of the following best describes Intellectual Property (IP)?
Which of the following best describes Intellectual Property (IP)?
What is a characteristic of a creative individual?
What is a characteristic of a creative individual?
Which type of innovation translates an idea into a service that customers will pay for?
Which type of innovation translates an idea into a service that customers will pay for?
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What is one of the disadvantages of a sole proprietorship?
What is one of the disadvantages of a sole proprietorship?
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What defines a technopreneur?
What defines a technopreneur?
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Which role does innovation play in entrepreneurship?
Which role does innovation play in entrepreneurship?
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Which of the following best describes creativity?
Which of the following best describes creativity?
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Who introduced the concept of brainstorming?
Who introduced the concept of brainstorming?
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What is the forced analogy technique used for?
What is the forced analogy technique used for?
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Which statement about entrepreneurship is true?
Which statement about entrepreneurship is true?
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Which of the following is a trait of successful technopreneurs?
Which of the following is a trait of successful technopreneurs?
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What aspect does technopreneurship emphasize?
What aspect does technopreneurship emphasize?
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Study Notes
Technopreneurship
- Technopreneurship is entrepreneurship in a technology-intensive context
- It combines technology expertise with entrepreneurial skills
- Technopreneurs introduce new products/services, organizational forms, and raw materials, disrupting existing economic models
- Entrepreneurship is a focused, holistic, opportunistic way to create wealth
- Innovation is a key tool for change
Traits of Successful Technopreneurs
- Leadership
- Flexibility
- Discipline
- Strategic thinking
- Focus
Importance of Technopreneurship
- Limitless opportunities
- Market expansion
- Reduced costs
- Access to information
Cyberpreneur
- Combines "digital" or "cyber" with "entrepreneur"
Top 10 Ultra Wealthy Technopreneurs (2013)
- Mark Zuckerberg
- Dustin Moskovitz
- Chris Hughes
- Andrew Houston
- Nathan Blecharczyk
- Kevin Systrom
- Arash Ferdowsi
- Bobby Murphy
- Evan Spiegel
- David Karp
Top 10 Technopreneurs in the Philippines (2012)
- Diosdado Banatao (Computer Chips- Mostron and S3)
- Nonoy & Ben Colayco (Online Gaming- Level Up)
Creativity
- The act of turning imaginative ideas into reality
- Creative processes vary in ways and timelines for each person
Stages of the Creative Process
- Preparation stage (research, gathering materials)
- Incubation stage (stepping away from the idea)
- Illumination stage (aha moment, connections forming)
- Evaluation stage (idea validity)
- Verification stage (finalization; tangible outcome, physical product)
Brainstorming
- Introduced by Alex Osborn (Creative Education Foundation)
- Creative thinking techniques
- Forced analogy technique (using dissimilar objects/ideas for unique solutions)
Do It Acronym
- D: Define the problem
- O: Open mind, creative techniques
- I: Identify the best solutions
- T: Transform
Mind Mapping
- Developed by Tony Buzan
- Effective for structuring information and note-taking
Characteristics of a Creative Individual
- Associative orientation (imaginative, playful, wealth of ideas)
- Need for originality (resists conventions)
- Motivation (goal-oriented, innovative)
- Ambition
- Flexibility
- Low emotional stability (fluctuating moods)
- Low sociability
Innovation
- Process of translating an idea/invention into a valuable good/service.
Types of Innovation
- Organizational innovation
- Process innovation
- Product innovation
- Marketing innovation
Factors Influencing Creativity and Innovation
- Knowledge
- Recombination
- Frame-breaking (new perspectives)
- Adequate time
- Community/individual thinking
- Failure tolerance
Intellectual Property (IP)
- Creations of the mind (inventions, artistic works, designs, symbols)
Types of Intellectual Property
- Trade secrets
- Trademarks
- Copyrights
- Patents
Planning & Business Ownership Structures
- Planning involves goal-setting, objective definition and methods to achieve goals.
- The three models of business ownership: Sole Proprietorship, Partnership, Corporation
Sole Proprietorship
- One owner, oldest and common business type.
- Advantages: easy set-up, individual control over profits
- Disadvantages: limited capital, personal liability for debts.
Partnership
- Two or more co-owners.
- General partners have full decision power with unlimited liability, and limited partners have limited liability, but less decision-making control
- Advantages: more skills, potentially more capital, more people to manage.
- Disadvantages: disagreements, unlimited liability could occur
Corporations
- Separate legal entity from owners.
- Advantages: raising capital, limited liability for owners.
- Disadvantages: complex setup, slow decision-making, taxes.
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Description
This quiz explores the realm of technopreneurship, focusing on how technology and entrepreneurship intersect. It highlights traits of successful technopreneurs, the importance of innovation, and profiles of prominent technopreneurs from around the world, as well as those from the Philippines. Test your knowledge on this exciting field and its key players!
