MAM Week 1 Introduction to Tec Entre

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IntroductiontoTechnologyIntroductiontoTechnologyIntroductiontoTechnologyIntroductiontoTechnologyUNIT1UNIT1IntroductiontoTechnolgyIntroductiontoTechnologyEntrepreneurshipEntrepreneurshipIntroductiontoTechnologyIntroductiontoTechnologyEntrepreneurshipEntrereneurshipIntroductiontoTechnologyIntroductiontoTechnologyIntroductiontoTechnologyIntroductiontoTechnologyUNIT1UNIT1IntroductiotoTechnologyIntroductiontoTechnologyEntrepreneurshipEntrepreneurshipIntroductiontoTechnologyIntroductiontoTechnologyEntrepreneushipEntrepreneurship


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aprocessomernogysirmahfuz2ItisaprocessofmergingtechnologyprowessandentrepreneurialtalentandskillsTechnology+Entrepreneurship=Technopreneurship1/25/2011Itissimplyentrepreneurshipinatechnology-intensivecontextItisfgingtechlo


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PROD

UCTS

EntrepreneurshipMARKKET

S


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WWWhhhoooiiissst

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Apersonwhodestroystheexistingeconomic

order(creativedestruction)by introducingnewproductsandservices,by creatingnewformsofiidbliiil

organizationsandby exploitingnewrawmaterials(Schumpeter,1934)

Someone


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whoperceivesanopportunity andcreatesanorganization

topursueit.1/25/2011sirmahfuz


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Apersonwhoundertakesrisks(by creatinganenterprise

orbusiness)thathasthechanceofprofit(orsuccess).Technopreneursdistinguishesthemselvesthroughtheirabilitytoaccumulateandmanageknowledge,aswellastheir

ability tomobilizeresources


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toachieveaspecifiedbusinessorsocial

goal(Kuemmerle,2002)1/25/2011sirmahfuz


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Thetechnopreneurisabold,imaginativedeviator

fromestablishedbusinessmethodsandpracticeswhoconstantly seekstheopportunity tosirmahfuz6y ppycommercializenewproducts,technologies,processes,andarrangements(Baumol,2002)1/25/2011


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Thetechnopreneurdistinguisheslogicfromtradition,tradition

fromprejudice,prejudicefromcommonsenseandcommonsensefromhiliiifidf

nonsensewhileintegratingavariety ofideasfromdiverse

groupsanddisciplines


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(ManuelCereijo,2002)

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sirmahfuz


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WWWhhhoooiiissst


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Technopreneursareskilledinappliedcreativity,thrivein

responsetochallenge,andlookforunconventionalsolutions.They experiencechallenges,createvisionsforsolutions,buildtithtlithiiidthtt

storiesthat


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explaintheirvisions,andthenactto

bepartofthesolution.They forgenewpathsandriskfailure,but

persistently seeksuccess(DorfandByers,2005).

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Away ofthinkingandactingthatisopportunity

obsessed,holisticinapproachandleadershipbalancedforthepurposeofwealthcreation(Babsonsdefinition)evetuc

EntrepreneurshipisEntrepreneurshipisccrreaattiivededesstrructtiioonn.DynamicDynamicdisequilibriumbroughtonby theinnovatingentrepreneur,

ratherthanequilibrium


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andoptimization,isthenormofahealthy economy andthe

centralreality ofeconomictheory andpractice(Schumpeter,1934)

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mahfuz


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Theentrepreneursearchesforchange,respondstoit,

andexploitsitasanopportunity.Innovationisthespecifictoolofentrepreneurs,themeansby whichthey exploitchangeasanopportunityfdiffbi

diffifor


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adifferentbusinessoradifferentservice

(Drucker,1985)

Entrepreneurshipisthepursuitofopportunitywithoutregardto

theresourcescurrently underonescontrol(Stevenson)1/25/2011sirmahfuz

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CreatingtheNewanddestroyingtheOld

NewknowledgeNewproductsNNewprocesses

NewservicesNewmarketsNewbusinessmodelsNewrawmaterials1/25/2011

sirmahfuz


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EntrepreneurialprocessOpportunityAnalysisBusinessPlanninggGatheringResourcesImplementation

ScalingandHarvesting


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TechnopreneurialprocessIdeaGeneration

IdeaScreening

ConceptTestingBusiness


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AnalysisPrototypingTestMarketing

1/25/2011Commercialization

Monitoring&Evaluation

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Technopreneursasagents

ofeconomicgrowthNaturalcapital

ECONOMYEntrepreneursasagentsofprogressBeneficialoutputs(Maximized)

Financialcapital

UndesiredwasteOutputs

Intellectualcapital(Minimized)

Increase


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Safety

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Threeelementsof

theintellectualcapitalHumancapitalTheskills,capabilities,andknowledgeofthefirmspeople.OrganizationalcapitalThepatents,technologies,processes,databases

andnetworks


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SocialcapitalThequality oftherelationships

withcustomers,suppliersandpartners1/25/2011

sirmahfuz

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Relationshipbetween

EconomicGrowth

intellectualandentrepreneurialcapitaltowardsentrepreneurialactivityandeconomic

activityandeconomic

EntrepreneurialActivity

growth

IIntellectual


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Capital+EntrepreneurialCapitali

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EntrepreneurLikestocompeteIsaself-starterIsabletodomanythingsatonceIscreative,andhasdreamsandgoalsLikestoworkforhimorherselfandbeincontrolEntrepreneurLikestocompeteIsaself-starterIsabletodomanythingsatonceIscreative,andhasdreamsandgoalsLikestoworkforhimorherselfandbeincontrolEntrepreneursvs.TechnopreneursEntrepreneursvs.Technopreneurs(Differences)(Differences)

TechnopreneurLikestoinnovateIspartofateamIsabletodomanythingsatonce,butchoosestosirmahfuz17delegateIsinnovativeandhasagreatervisionLikestobetheonetocontrolinnovationandbepartofanevolution1/25/2011


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EntrepreneurIsmotivatedbyastrongdesiretoachieveandattainfinancialsuccessFocuseshis/herattentiononthhfththechancesofsuccessratherthanthepossibilityoffailureTechnopreneurIsmotivatedbyastrongvisionandhispassiontoinnovateTakesfailureinstrideandkitillldtknowsitwillleadtosuccessifcorrectioncanbemade1/25/2011sirmahfuz

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EEEnnntttrrreeep



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TechnopreneurIsabletodetermineriskandhasthecouragetotakerisksIsindependentandself-confident,yetknowsconfident,yetknowswheretogethelpLikesachallengeHardworkingandwillingtostickwithaprojectEntrepreneurIsabletodetermineriskandhasthecouragetotakerisksIsindependentandself-confident,yetknowswheretoconfident,yetknowswheretogethelpLikesachallengeHardworkingandwillingtostickwithaproject1/25/2011sirmahfuz

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EEEnnntttrrreeep




TechnopreneurIsnoteasilydiscouragedMaintainsgoodhealth,haslotsofenergyandcanhandlestresshandlestressHasastrongsenseofself-worthEntrepreneurIsnoteasilydiscouragedMaintainsgoodhealth,haslotsofenergyandcanhandlestresshandlestressHasastrongsenseofself-worth1/25/2011sir

mahfuz


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EEEnnntttrrreeep




EntrepreneurIsapositivethinkerwhodoesdwellonsetbacksTechnopreneurIsapositivethinkerwhodoesdwellonsetbacksOftenhasaclosefriendorrelativewhoownsabusinessOftenhasaclosefriendorrelativewhoownsabusiness1/25/2011sirmahfuz

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SSSuuucccccceees

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IntegrityLeadershipImpatient:biastowardaction(withanalysis)QQuickclockspeedkkdilModestego.Seeksandaccepts

coachingWilling


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tobedifferent,butknowsit(not

oblivious)Pragmatic:willingtocompromiseRejoicesinothersvictoriesDriven

tosolveavaluable

Driventosolveavaluableproblemforcustomers

StrongentrepreneurialintensityWillingnesstoincurthecostsofgrowth1/25/2011sirmahfuz

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SSSuuucccccceees

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WillingnesstousewiderangeoffinancingsourcesEmphasisonateam-basedorganizingstructureFocusoninnovation

Focusoninnovation


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Committedtocommercializationoftechnologydiscovery

ExcellentcommunicationskillsUnderstandthevalueofbusinessprinciplesFormation

andexecutionofasoundbusinessplanRaisingofmoneyBuilding

anorganizationalteam1/25/2011sirmahfuz

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FFFaaaccctttororors

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Ability toinitiateandoperateapurposefulenterpriseAbility tooperatewithinthecontextandindustrial

environmentatthe


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timeofinitiationAbility toidentify andscreen

timelyopportunitiesAbility toaccumulateandmanageknowledgeandtechnology1/25/2011

sirmahfuz

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FFFaaaccctttororors

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Ability tomobilizeresourcesfinancial,physical,andhumanAbility toassessandmitigateuncertainty and

riskassociatedwith


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theinitiationoftheenterprisep

Ability toprovideaninnovativecontributionthatencompassesnovelty andoriginalityAbility to

encourageacollaborativeteamofpeoplewhohavethecapabilitiesandknowledgenecessaryforsuccess

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SSSuuummmmmmaaar

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Technopreneurshipisaprocessthroughwhichindividualsand

teamsbringtogetherthenecessaryresourcestoexploitopportunitiesandindoingsocreate

wealth,socialbenefitsandprosperity.Theroleoftechnopreneurasagentofeconomicgrowth.ggp

Thetechnopreneurmustknowhowto

useknowledgetocreate


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innovationandnewfirms.Thelevel

ofeconomicprosperityofanationisdeterminedbythelevelofentrepreneurial

activitywhichflowsfromacombinationofentrepreneurialcapitalandintellectualcapital.1/25/2011sir

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MAM Week 1 Introduction to Tec Entre

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