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Basics-of-Technopreneurship.pptx
- 1. MODULE 1.2 Basics of Technopreneurship
- 2. Roles of Technopreneurship in job creation and in the National economy ROLE PLAYING
- 3. ●Employment creation ●Local resources ●Decentralization and diversification of business ●Promotion of technology ●Capital formation ●Promotion of an entrepreneurial culture Importance of Technopreneurship
- 5. ●High tech ventures in ICT, electronics, internet, life sciences and biotech. ●Service firms where technology is critical to their mission, such as: e-Bay, FEDEX, SMART money transfer, e-learning ●Technopreneurship is entrepreneurship in the field of technology. Technopreneurship Defined
- 6. Entrepreneurs - people who enter into new and pioneering ventures. - is whole-brained, meaning he/she uses both the left brain (logical) and right brain (creative). Entrepreneurship – Starting up a new business Source: Federico Gonzalez, President PESO Inc. Entrepreneur & Entrepreneurship Defined
- 7. Course Model - SEED Self Mastery Environment Mastery Enterprise Mastery Development of Business Plan
- 8. Self- Mastery ●Self-mastery passion comes from knowing yourself. ●Self-mastery brings passion. When you know yourself, you know what you want and do not want. Source: Jay Bernardo III
- 9. A self-mastered person ●does not need high IQ ●does need high EQ and AQ ●is naturally a/an: operformer – competitive and efficient oepicure – sensual and cheery oboss – takes charge and loves a good fight ●is whole-brained ●has a personal vision and knows strengths What is a self-mastered person?
- 10. Environment Mastery ●Environment mastery is about generating business ideas and seeking opportunities out from his or her environment through oserendipity walks ocrises otrends oetc. Source: Jay Bernardo III
- 11. An environment-mastered person ●understands the industry he/she is in ●sees the opportunities, not the problems ●is on top of the situation instead of being under the situation ●is the organization/industry innovator and strategist What is an environment- mastered person?
- 12. Enterprise Mastery ●Enterprise Mastery is how to run a business ●This pertains to the knowledge of the different enterprise disciplines such as: oCreating the Business oMarketing Management oOperations Management oFinancial Management oRisk Management Source: Jay Bernardo III
- 13. What is an enterprise- mastered person? An enterprise-mastered person ●understands and integrates the functions of management (marketing, human resource, operations, and finance) ●understands and integrates the process of management (planning, organizing, directing, and controlling) ●leads and inspires rather than manage
- 14. Development of Business Plan ●Development of a business plan covers: owriting the business plan opresenting and defending the business plan oadding refinements to the presented business plan
- 15. 1. Incremental oRoutine business, modest novelty Ex. (new coffee shop, new BPO) 2. Imitative oImitation of venture, same business model and template oEx. new regional branch, franchised operations 4 Types of Entrepreneurship
- 16. 1.Rent-seeking oBusiness that utilizes standards, regulations and laws to share in value of enterprise Ex. Coca Cola Export 4. Innovative ●Business based on innovation
- 17. 1.Hard Working 2.Self-Confident 3.Builds for the Future 4.Profit-Oriented 5.Goal-Oriented 6.Persistent 7.Goal-Oriented 8.Responds to feedback Characteristics of an Entrepreneur
- 18. 9. Demonstrates Initiative 10. Willing to Listen 11. Sets Own Standards 12. Copes with Uncertainty 13. Committed 14. Builds on Strengths 15. Reliable and Has Integrity 16. Risk-Taker Characteristics of Technopreneurship cont.
- 19. What is the difference between an entrepreneur and a salaried employee?
- 20. ●A technology idea owner who ventures to make his idea a commercial reality ●An entrepreneur who gets a technology idea, finds an opportunity to make it a commercial reality. What makes an Entrepreneur a Technopreneur
- 21. Lets have a MATCHING GAME!!! TECHNOPRENEUR ENTREPRENEUR Differences between Technopreneurship and Entrepreneurship
- 22. LOCAL ●SMART LINK – (Computer shop) Dealing with computer hardware and software, Repairs, Networking and Computer ad LCD Rentals. (OCW) ●LANE SYSTEM – Software Integration Developer Some Technology Ventures
- 23. NATIONAL oNETOPIA – Internet Café oYEHEY.COM – Internet Portal INTERNATIONAL oYOUTUBE - a video sharing website
- 24. ●Businesses start from ideas, but ideas alone do not make a business ●Customers do not buy ideas, they buy products/services; ●Customers pay the price; value is what they get Source: Federico C. Gonzalez, President PESO Inc. Some Basic Facts
- 25. ●A marketable product may not result in a viable business ●A studied approach to planning the business is needed. ●Entrepreneurship is calculated risk- taking, not foolhardiness. Some Basic Facts cont. Source: Federico C. Gonzalez, President PESO Inc.
- 27. Get 1 sheet of paper! ●Think of an task that each of you (or group) would like to conduct or do (i.e. Cooking viand, repairing your PC, constructing a “bahay kubo”, etc) and write it in a paper ●Then, list down what you need to accomplish the task. ●Present your identified task and requirements (1-2 minutes per student/group) Warm Up Activity
- 28. ●Many of the tasks, if not all, have pre- requisites (i.e. money, materials, personnel, etc) ●Similarly, for technopreneurial venture to start, grow and succeed, it must also have the required resources, environment and support. Introduction
- 29. But, what are these things?
- 30. At the end of this session/lecture, the students should be able to – ●Enumerate the different actors/ players for the technology ventures to prosper, and ●define the roles of the different actors/players in techno ventures Learning Objectives
- 31. H E L F Successful technopreneurship =
- 33. Human Resources Component ●Research - Thinker, Idea generator, Innovator ●Developer - Implementor, technical people ●Scanner and marketing people ●Financers Technopreneurship Ecosystem
- 34. Environment Component ●Science parks, Incubation centers ●Academic Institutions, R & D Centers ●Internet access, Communication ●Communication and Other Support Services ●Geographic accessibility Technopreneurship Ecosystem
- 35. Laws and Policies ●Intellectual Property Rights Office ●Technology Licensing Office – facilitates commercialization of inventions ●Legal Services Technopreneurship Ecosystem
- 36. Financial Component ●VC and Investors ●Business Sector ●Funding Agencies ●Financial Services (i. e. Accounting) Technopreneurship Ecosystem
- 37. Financial Resources VC, Investors, Business Sector, Funding Agencies Human Resources Academe, R & D Centers, technical personnel Technolog y Venture Environment Science Parks, Incubation Centers, Infrastructure, Comm and other Support Services Laws and Policies Technology Licensing Office, IPR Office
- 38. Academe and Research Institutions 1.Ateneo de Davao University 2.Brokenshire College 3.Cor Jesu College 4.Davao Doctors College 5.Holy Child School of Davao 6.Jose Maria College 7.St. Mary’s College 8.Interface Computer College 9.University of Immaculate Concepcion 10.University of Mindanao 11.University of the Philippines Mindanao
- 39. Department of Science and Technology Commission on Higher Education PESO Davao City Chambers of Commerce and Industry Science and Technology Park, Bago Oshiro, Tugbok, Davao City Brokenshire Learning Center Environment
- 40. Academe (Colleges & Universities) DOST, DCCI, PAHRDF Funding Agencies Industries, Businesses, LGUs, Private Sectors Incubation Centers & Science Parks Framework of Engagement or Collaboration
- 42. Philippine Economy ●Population 84 M ●Population of working age? oApprox 50% of popn = 16 years old and below ●Employment ●GNP from large companies > 100 employees ●GNP from small companies, < 100 ●Number of large companies 5%? Source: M.Barcelon, UPATBI
- 43. Economy, Exports ?? $ 22M Taiwan 65M 7M 4M 24M 60M 84M $15B Vietnam $120B HK $120B Singapore $90B Malaysia Tourism, food/cars, electronics $65B Thailand Electronics, traditional goods $40B Philippines Source: M.Barcelon, UPATBI
- 44. How?
- 45. Start the Ball Rolling ●Innovation oPerson gets an idea, active search, by chance, present employment or experience ●Triggering Event oCareer prospects oDeliberate choice ●Implementation Source: M.Barcelon, UPATBI
- 46. Common Components ●Three crucial components for business: oExcellent market opportunity oSuperb entrepreneur (and management team) oResources needed to start the company and make it grow Source: M.Barcelon, UPATBI
- 47. Customer Need ●“Can you give me the names of prospective customers?” ●If you cannot give any names, you only have an idea, not a market. ●Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet 1. Excellent market opportunity
- 48. Timing ●Will the idea or window of opportunity look brief, it could just be a fad? ●If the window is brief, the entrepreneur will rush to open the business, usually with inadequate planning. ●Can lead to costly mistakes. Source: M.Barcelon, UPATBI 1. Excellent market opportunity
- 49. ●Even with the right opportunity, the business will be successful if led by a person with strong entrepreneurial and management skills. oEntrepreneurs should have experience in the same industry or a similar one. Cannot go on OJT at the same time. oIdeal entrepreneur is one who has been a successful entrepreneur in the same industry oHave management experience, preferably with responsibility for budgets, profit and loss, sales. Source: M.Barcelon, UPATBI 2. The Technopreneur and the Management Team
- 50. ●Entrepreneural frugality means: oLow overhead oHigh productivity oMinimal ownership of capital assets Source: M.Barcelon, UPATBI 3. Resources
- 51. Sources of seed capital 3.3 Other 1.1 Gov’t guaranteed loan 4.0 Mortgaged property 6.3 Venture Capital 9 Friends 12.4 Employees/partners 12.9 Family 14.4 Bank loans 78.5% Personal savings Source: M.Barcelon, UPATBI
- 52. The 9 Fs ●Founders – first class entrepreneur ●Focused – focus on niche markets, specialize ●Fast – decision making, implementation ●Flexible – open mind, respond to change ●Forever innovating ●Flat - organizations ●Frugal – low overhead, productivity high ●Friendly – to their customers, suppliers, workers ●Fun – to be associated with an entrepreneur company Source: M.Barcelon, UPATBI
- 53. (c) 2006 UP Ayala TBI Thank you!
Editor's Notes
- PREPARATION: 1. This lesson discusses the roles of technopreneur in job creation and in the National economy, its importance and its definition. 2. Understand the meaning of entrepreneurship and entrepreneurs 3. This lesson will help learners to assess their potential for becoming future technopreneurs. PRACTICE: 1. Group the class into 3 groups by picking one candy from a box. They will group themselves according to the color of their candy wrappers. Each group will portray the actual situation: Group 1: The father is not employed and the family has no other resources Group 2: A newly graduate that is seeking job but does not pass the required job requirement such as pleasing personality. Group 3 : A person currently employed but not satisfied with its present salary and benefits 2. Assign the situation for each group. Give them 10 minutes to conceptualize each situation assigned to the group. Then let each group to role play the situation. (5 min each group) 3. Ask the student to reflect the lessons they have learned from the role playing, let them share it to the group.
- PRESENTATION: 1. Ask the student what is the importance of technopreneurship based on the role playing they have just witness. 2. Record their answers on the board. 3. Show to them your power point presentation about the importance of the technopreneurship. Then discuss the following concepts about importance of technopreneur: a. Employment creation – Entrepreneurs create employment for themselves and other people. They are employers, and hence assist in solving the unemployment problem in the country. b. Local resources – When entrepreneurs utilize local resources, the value of these resources increases. c. Decentralization and diversification of business – Entrepreneurs are able to identify business opportunities and locate these businesses in suitable areas, including rural areas. d. Promotion of technology – By being creative, entrepreneurs are able to contribute to the utilization and development of technology. e. Capital formation – Entrepreneurship increases capital formation and investment. f. Promotion of an entrepreneurial culture – By projecting successful images, entrepreneurs become models than can be copied by young people. 4. After discussing the importance of technopreneurship, let the student now think of the definition for a technop4. After discussing the importance of technopreneurship, let the student now think of the definition for a technopreneurship. 5. Reinforce your student about the definition of student and compare it with their own definition. 6. State also some of the basic facts about a technopreneur and technopreneurship. Technopreneurship is entrepreneurship in the field of technology. How can one be pioneering in the field of technology? The mindset of a person should always be looking out for innovation. A technopreneur needs to think “out of the box”. The box is the logic of an industry, business or product. Logic answers why people are buying that product, why is the entrepreneur using that kind of raw material, etc. Thus, an entrepreneur has to look at the box and find something that is different. He or she doesn’t just copy what is currently available in the industry/business. Logic is the foundation to start thinking out of the box. Logic topped with creativity results to innovation. Logic answers “why?” Creativity answers “why not?”
- To the teacher: Make sure that you install the FLV player. Ask the students: Do you know the meaning of technopreneurship? Let them write down their answers on the board. +Play the What is the definition of technopreneurship? video
- Teacher gives the definition of technopreneurship: Technopreneurship is entrepreneurship in the field of high technology. (Teacher needs to expound on this. He/she might say that we use technology in managing business operations, or the like.) Ask the students: How can one be pioneering in the field of technology? Answer: The mindset of a person should always be looking out for innovation. A technopreneur needs to think “out of the box”. The box is the logic of an industry, business or product. Logic answers why people are buying that product, why is the technopreneur using that kind of raw material, etc. Thus, an technopreneur has to look at the box and find something that is different. He or she doesn’t just copy what is currently available in the industry/business.
- PRESENTATION: Ask the students: “Do you know the meaning of an entrepreneur?” Write on the board their answers. Present to the student your definition of entrepreneur and compare it with the definition they have given. From that point reinforce the students understanding by giving different practical examples. After understanding the definition of entrepreneur, toss a ball to a student asking the difference of entrepreneur from technopreneur. Present the difference of technopreneur to entrepreneur. And provide them with some basic facts about an entrepreneur. Entrepreneurs are people who enter into new and pioneering ventures. They do not copy another’s idea. He or she may find an existing idea to be good but he/she brings improvements on it before introducing it to the market. Most entrepreneurs start at being self-employed but eventually hire other people to help them in the business. Entrepreneurship entails employing people. An entrepreneur is whole-brained, meaning he/she uses both the left brain (logical) and right brain (creative). Innovation is the process of idea generation, incubation and implementation. This is a cycle. Idea generation has to use a little of logic and a lot of creativity. Incubation has to use the same amount of logic and creativity (incubation answers are there people buying? Will it make a profit?) Implementation has to use a lot of logic and a little of creativity. An entrepreneur should not be content at being different. He or she has to make a difference in his/her innovation
- Present to the class the course model called SEED, where: S = Self Mastery E = Environment Mastery E = Enterprise Mastery D = Development of a Business Plan The teacher can click each durian to go through each phase.
- Teacher gives an overview of self-mastery. The technopreneur has to have a mastery of himself/herself in order to be successful in the business. This goes beyond knowing one’s Intellectual Quotient (IQ) but rather emphasizes on one’s Emotional Quotient (EQ) and Adversity Quotient (AQ). When one has achieved a mastery of himself, he can use the appropriate leadership style required to handle any situation in business.
- Say the following: For an entrepreneur, Intellectual Quotient (IQ) does not have to be very high. But if it is high, this will be beneficial to him or her. Emotional Quotient (EQ) should be high. This is the ability for an entrepreneur to connect to other people and be able to feel others’ emotions easily. Adversity Quotient (AQ) should be high as well. AQ is the ability to rise up after a failure and to go against the norm. A self-mastered person is a performer, epicure (enthusiast), and a boss. He can shift to different personality traits according to the need of the moment. A technopreneur is whole-brained, meaning he/she uses both the left brain (logical) and right brain (creative). Self-mastery says “I can shift from left to right and vice versa on command.”
- Teacher explains what is environment mastery. The possibility of generating ideas are most likely be found through: serendipity walks: Have you ever taken a walk and stumbled upon something completely unexpected? Crisis: There is opportunity in crisis. Trends: Opportunities and innovative ideas can be found in current fads and fashion. Others: Hobbies/Interests, Personal skills and Experiences
- Teacher explains what is environment mastery. The possibility of generating ideas are most likely be found through: serendipity walks: Have you ever taken a walk and stumbled upon something completely unexpected? Crisis: There is opportunity in crisis. Trends: Opportunities and innovative ideas can be found in current fads and fashion. Others: Hobbies/Interests, Personal skills and Experiences
- Teacher will say: The objective of this is to understand the importance of understanding every aspect of an enterprise, such as marketing, operations, finance and human resource in order to be master of running a business. Enterprise mastery is how to run a business. When you start a venture, start with Marketing. Marketing is creating a promise. Operations is the next aspect that one has to look into. Operations is keeping the promise and how to make the perception a reality. Next is Financial Management. The best way to protect your invention or technology is to put only a small margin on your product. This way, copycats will not waste their time replicating your invention because they know margin is very low. Risk Management is important. Being a technopreneur involves some risks. Technopreneurs have the ability to take measured or calculated risks. Such risks involve working out the likely costs and gains, the chance of success and the belief in oneself to make the risk pay off.
- The teacher will say: An enterprise-mastered person brings about changes to the business from planning to execution, analyzing every implication of your decision. He/She is accountable for the organization, leads and inspires them to generate ideas that will lead to innovation and changing the rules of the game at a speed that is faster than the ability of the competition to copy. Risk Management is important. Being a technopreneur involves some risks. Technopreneurs have the ability to take measured or calculated risks. Such risks involve working out the likely costs and gains, the chance of success and the belief in oneself to make the risk pay off.
- The last part of the SEED model is for you, as team, to write, present and defend your business plans.
- Do a presentation about the different types of entrepreneurship. a.) Incremental - Routine business, modest novelty (new coffee shop, new BPO) b.) Imitative - Imitation of venture, same business model and template (new regional branch, franchised operations) - Definition from Dorf & Byers c.) Rent-seeking -Business that utilizes standards, regulations and laws to share in value of enterprise (licensing of patented ideas, products or trade secrets - Coca Cola Export) d.) Innovative - Business based on innovation (new cure for infectious diseases, new production method to bring down drug cost, new DVD format, new memory chip, ICT-enhanced home appliance) (Dorf & Byers)
- 1. Hard Working: running a business requires a lot of energy and drive. This involves the ability to work for long hours when necessary, to work intensely in spurts and to cope with less than a normal amount of sleep. 2. Self-Confident: to succeed, entrepreneurs have to believe in themselves and in their ability to achieve the goals they have set for themselves. This is often shown by a belief that “if you want something badly enough and are prepared to work at it, you’ll usually get it”. 3. Builds for the Future: the goal for most successful business people is to build a secure job and income for themselves which is based on their own abilities. This means entrepreneurs understand that it may take several years to build up business income to a reasonable standard. 4. Profit-Oriented: interest in generating money is a clear indicator of an entrepreneur’s suitability for being a business owner. This means recognizing that the business comes first. Once profits are generated, the entrepreneur can make decisions about how the profits can be used – to expand the enterprise or for personal use. 5. Goal-Oriented: success in business depends upon being able to set realistic goals or targets and to work with determination to achieve them. This ability to set goals (for things the person thinks are worthwhile) and to work to achieve them is fundamental to being an entrepreneur. 6. Persistent: all businesses have their problems and disappointments. Being persistent in solving a problem is one of the keys to being a successful entrepreneur. 7. Copes with Failure: all business ventures inevitably contain disappointments and failures as well as successes. Coping with failures involves recognizing these failures, learning from them and seeking new opportunities. Without this characteristic, early failures may end a person’s attempt at self-employment. 8. Responds to Feedback: entrepreneurs are concerned to know how well they are doing and to keep track of their performance. Obtaining useful feedback and advice from others is another important characteristic of entrepreneurs.
- 9. Demonstrates Initiative: research shows that successful entrepreneurs take the initiative and put themselves in positions where they are personally responsible for success or failure. 10. Willing to Listen: the successful entrepreneur is not an inward looking person that never uses outside resources. Self-reliance does not exclude the ability to ask for help when needed from such people as bank officials, accountants and business advisers. Being able to listen to the advice of others is a key characteristic of an entrepreneur. 11. Sets Own Standards: setting standards of performance and then working to achieve them is another indicator of a successful entrepreneur. These standards can be income, quality, sales or product turnover. Most entrepreneurs want to do better each year, to set and achieve higher standards from year to year. 12. Copes with Uncertainty: being an entrepreneur is much more uncertain than employment. This uncertainty is about sales and turnover, but it often also exists in other areas such as material delivery and prices, and bank support. An ability to cope with this uncertainty without becoming too stressed is a necessary trait of being an entrepreneur. 13. Committed: starting and running an enterprise demands total commitment by the entrepreneur in terms of time, money and lifestyle. It has to be a major priority in the entrepreneur’s life. 14. Builds on Strengths: successful business people base their work upon the strength(s) they have, such as manual skills, interpersonal skills, selling skills, organizational skills, writing skills, knowledge of a particular product or service, knowledge of people in a trade and ability to make and use a network of contacts. 15. Reliable and Has Integrity: the qualities of honesty, fair dealing and reliability in terms of doing what one has promised to do are essential traits of an entrepreneur. 16. Risk-Taker: being an entrepreneur involves some risks. Entrepreneurs have the ability to take measured or calculated risks. Such risks involve working out the likely costs and gains, the chance of success and the belief in oneself to make the risk pay off. Entrepreneurs may be considered risk avoiders when they reduce their risks by having others assume part of the risk. Those who assume the entrepreneur’s risk may be bankers, suppliers and customers.
- PRACTICES: Divide the class into two groups. Each group is given set of company, company logos, company trademarks, clips and etc. Let the students classify whether each company, company logos, company trademarks, clips & etc belongs to technopreneurship or entrepreneurship. Ask the student point of view why the company, company logos, trademarks, clips and etc belong to either technopreneur or entrepreneur. Validate their answer after doing the presentation.
- Before the session end, give them the hand out about a “YOUTUBE” online success stories with a guide questions as their assignment. The next meeting, discuss the case study then relate it to the next topics Present to the class some technology ventures, after presentation group them into 3 group, ask them what technological ventures you have in mind in addition to what I have presented.
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- What are the necessary factors for technopreneurship to succeed?
- Techno Ecosystem in Davao City
- Techno Ecosystem in Davao City
- Flow
- When, how, what?
- When to start?
- Common components
- Financial resources
- Thank you!