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Questions and Answers
Entrepreneurship is solely about running a business venture without any uncertainties.
False
Technopreneurship is the process where a business-minded person relies on technology to make a business venture profitable.
True
An Innovative Entrepreneur focuses on copying existing products rather than coming up with new ideas.
False
Fabian Entrepreneur is excited about the potential changes in an organization.
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A person in Technopreneurship starts by identifying a business opportunity to maximize profit.
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Entrepreneurs need skills in marketing, communication, and strategy to meet the potential demand for goods and services.
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Diosdado Bantao invented the chip set and the graphic acceleration architecture in Personal Computers.
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Chips and Technologies, the company founded by Diosdado Bantao, was not profitable when he sold it to Intel in 1996.
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Joey Gurango is the CEO of Gurango Software, a Global Provider of Human Capital Management solutions.
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Winston Damarillo is known for being a venture capital professional at Microsoft.
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Leandro Leviste decided to follow his family's legacy in politics instead of establishing Solar Philippines.
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Mark Zuckerberg is known for cofounding and leading Amazon.com, Inc.
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Entrepreneurs and Technopreneurs have the exact same traits and characteristics.
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Technopreneurs are individuals who introduce new products and services by utilizing new raw materials and technology.
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Technopreneurs are risk-averse and avoid taking any kind of risks in their business ventures.
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Entrepreneurs are more focused on avoiding failure rather than maximizing chances of success.
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Technopreneurs prefer working alone rather than being part of a team.
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Opportunity Analysis involves assessing the demand and conducting competitive analysis in the market.
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Study Notes
Entrepreneurship vs. Technopreneurship
- Entrepreneurship involves running a business venture with some degree of uncertainty.
- Technopreneurship relies on technology to enhance business profitability.
Types of Entrepreneurs
- Innovative Entrepreneurs often replicate existing products, rather than create new ideas.
- Fabian Entrepreneurs welcome potential organizational changes and adaptations.
Key Aspects of Technopreneurship
- Begins with identifying business opportunities aimed at maximizing profit.
- Requires skills in marketing, communication, and strategic planning to meet consumer demand.
Notable Figures in Entrepreneurship
- Diosdado Bantao invented key components such as the chip set and graphic acceleration architecture pivotal to personal computers.
- His company, Chips and Technologies, was unprofitable when acquired by Intel in 1996.
- Joey Gurango is the CEO of Gurango Software, specializing in Human Capital Management solutions.
- Winston Damarillo is recognized as a venture capital professional at Microsoft.
- Leandro Leviste opted for a career in politics over establishing Solar Philippines.
Characteristics of Entrepreneurs and Technopreneurs
- Entrepreneurs and Technopreneurs share similar traits and characteristics.
- Technopreneurs focus on introducing new products and services by leveraging innovative raw materials and technology.
- They are typically risk-averse, aiming to minimize risks rather than taking them.
Entrepreneurial Mindset
- Entrepreneurs prioritize avoiding failure instead of maximizing success opportunities.
- Technopreneurs tend to work independently rather than in teams.
Opportunity Analysis
- Involves analyzing market demand and conducting competitive assessments to evaluate business viability.
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Description
Test your knowledge on different types of entrepreneurs and their characteristics. Learn about the differences between drone entrepreneurs and technopreneurs, and how they impact the business world.
