Prelim Lesson1

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Lesson 1

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associated with innovation which is the union of technology and
Technoprenuership market needs resulting in the creation of value-added products
and services that are scalable and relevant.
entrepreneurship and innovation both of these are tools and drivers for economic development.
Technopreneurship sector is involved in these three different lev-
Society, Country, or World, Organisation, Individual/Team
els
Society, Country, or World Drawn mostly from economics and sociology
Drawn mostly from business studies, technology management
Organisation
and IT
Individual/Team Drawn mostly from entrepreneurship and case studies
understand technopreneurship so you can analyse likely impact
Enterprise IT
from new techs and plan for adoption
understand technopreneurship so you can lead the development
R&D of IT Techs
of new techs within an established organisation
understand technopreneurship so you can create software
IT Start-Ups
start-up company
has become not just a metaphor but also a persuasive definition
innovation ecosystem concept and an essentially contested concept, calling for a conceptual
review and analysis.
Involves new idea that is applied commercially. : idea + application
Innovation
of idea
Invention is the first occurrence of an idea for a new product or process
innovation is the first attempt to carry it out into practice.
Innovation Ideas successfully applied
innovative cutting-edge firms and their business models) enter
creative destruction
markets and disrupt them forcing less productive models out.
_____ is in state of constant change, (2) innovation _____ econ-
economy, propels, entrepreneurs, adaptively, innovative, entre- omy, and (3) ______ within new firms drive innovation whereas all
preneurs companies react _____ to change and triggers creative responses
to change via _____ acts by ______.
waves that restructure entire industries and markets in favour of
Creative Destruction
those who grasp and adapt to technological changes faster
GPT "General Purpose Technology"
a term coined to describe new method of producing and inventing
GPT
that is important enough to have a protracted aggregate impact.
are those technologies that impact economic growth, and trans-
GPT form both household life and the ways in which firms conduct
business
Technological Innovation Most important competitive driver in many industries
Technological Innovation Leads to productivity improvements
Technological Innovation Linked with improvements in GDP
Republic Act (RA) No. 11293 "Philippine Innovation Act"
The law mandates the creation of the National Innovation Council
(NIC) that will steer the whole-of-government coordination and
"Philippine Innovation Act"
= collaboration and to remove the fragmentation in the country's
innovation governance.
is tasked to set the direction of the country's innovation goals,
priorities, and long-term national strategies through the formula-
NIC
tion of the National Innovation Agenda and Strategy Document
(NIASD)
Innovation Systems play a crucial role in the long-term economic growth of country.

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Lesson 1
Study online at https://quizlet.com/_ct4e8l
is an open network of orgs that interact with each other and
Innovation Systems
operate within framework conditions
drives innovation, have creative responses to change come by
Importance of Entrepreneur
their innovative acts
Agribusiness, Mining and Resources
2 Retails and Services
3 Arts and Recreation
4 Education and Training
Vertical Industries
5 Health
6 Transport and Logistics
7 Building and Construction
8 Environment and Energy.
take the lead in the transformation of the education industry in
Massive Open Online Courses (MOOCS)
academe
is any one of several new certifications that covers more than a
micro-credentials
single course but is less than a full degree.
edX platform first to launch a micro-credential, the XSeries, in 2013.
is the combination of a company's investment in tech-enabled
Digital Maturity
initiatives and its investment in the leadership capabilities

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