Technology Entrepreneurship: BTMW 4012

BTMW 4012
TECHNOLOGY
ENTREPRENEURSHIP
Lecture 1:
Introduction to Entrepreneurship
FPTT - UTeM 1
Entrepreneurship
Is a process of creating and expanding businesses that

collectively form a force for national development and
societal prosperity (UiTM)
An entrepreneurship is a business that is started and led by

the entrepreneur; the leader/champion with certain
qualities and characteristics that most managers may not
possess.
FPTT - UTeM 2
Entrepreneur
The entrepreneur are individual who
actively form or lead their own
businesses and nurture them for
growth and prosperity.
The entrepreneur must be a good leader

and not only a good manager
FPTT - UTeM 3
Entrepreneurial Values and Characteristis
 Rationality and objectivity, realistic expactation ability to

plan carefully, managerial competence, suitable
personality, emotional stability (Mayers and Goldstein,
1961)
 Drive and energy, self confidence, long term
involvement, money as a measure, persistent problem
solving, goal setting, moderate risk-taking, dealig with
future, use of feedback, taking initiative and seeking
personal responsibility, ext… (Timmons, Smollen and
Dingee, 1977)
 Good health, never ending sense of urgency, realistic,
comprehensive awareness, objective approach to
relationship, ext…(Welsh and White, 1983)
FPTT - UTeM 4
Micropreneurs
 Not every person who starts a business has the
mission of making a lot of money and growing it to
a world-class business.
 Some just want a simple balanced life-style while
doing the kind of work they enjoy doing.

 Business writer Michael LeBoeuf calls such business
owners “Micropreneurs”
 Many micropreneurs are small home-based business
owners who are trying to combine career and

family.
FPTT - UTeM 5
Intrapreneurship
 Intrapreneurship is the process by which
individuals pursue a new business
opportunity (or by setting up intraprises)
from within an existing company, with
resources of that company.
 It uses the advantages of both small and big
scale business. In board sense,

intrapreneurship refers to all kinds/forms of
semi-autonomy and semi-responsibility
within corporations.
FPTT - UTeM 6
Intrapreneur
 In 1978, management consultant, Gifford Pinchot,
invented the word intrapreneur to refer to an intra-
corporate entrepreneur while he was attending the
School for Entrepreneurs in Tarrytown, New York.
 A person within a large corporation who takes direct
responsibility for turning an idea into a profitable

finished product through assertive risk taking and
innovation.
FPTT - UTeM 7
What is Technopreneur?
 Entrepreneur who uses technology to be involved in
business activities.
 From the words;
Technology
+ = “Technopreneur”
Entrepreneur
 The role of scientist/engineer’s entrepreneur or so
called technopreneur is to effectively move a
technology invention from concept to market
FPTT - UTeM 8
Technopreneur
 “Technopreneur” is coined just a couple of years back to
refer to Technology Entrepreneur.
 This term appears to be most actively used in Singapore,
and to some extent also in Malaysia and Thailand.
 Technopreneurs are the ones who identify the problems and
capitalized on the opportunity.
 A technopreneur has two major characteristics:
1. He does things NOT out of profits but because he
wants to innovate.
2. He is comfortable working with, or, using technology.
FPTT - UTeM 9
Technopreneur & Entrepreneur
TECHNOPRENEUR
= Today + Future = Vision
ex. Bill Gates = Technopreneur
ENTREPRENEUR
= Product + Market = Profits
ex. Michael Dell = Entrepreneur
FPTT - UTeM 10
Entrepreneurial Process
1. Opportunity Scanning
2. Opportunity Seizing
3. Business Idea Formulation
4. Business Information Processing
5. Business Conceptualizing or embryonic
venturing
6. Resources pooling and strategizing
7. Formalizing venture creation
8. Operationalizing the venture
07/11/2020 11
Understand the Needs of The
Technopreneur
IPO : Initial Public Offering; M&A :mergers& acquisitions

FPTT - UTeM 12
The Needs of Each Stage
FPTT - UTeM 13
Leadership Roles of Technopreneurs
 Creating vision, direction, goals

 Communicating with followers
 Motivating and empowering
 Affirming/reaffirming values
 Aligning people – achieving workable unity
 Serving as a symbol
 Management of thrust
 Management of Self
FPTT - UTeM 14
Comparison Between Entrepreneur and
Technopreneur
ENTREPRENEUR TECHNOPRENEUR
• Likes to compete  Likes to innovate
• Self-starter  Part of a team
• Able to do many things at once  Able to do many things at once, but
• Is creative, and has dreams and chooses to delegate
goals  Is innovative and has a grater vision
• Likes to work for him/herself  Likes to be the one to control
and be in control innovation and be part of an
• Is motivated by a strong desire evolution
to achieve and attain financial  Is motivated by a strong vision and
success his passion to innovate
• Focuses his/her attention on the  Take failure in stride and knows it
chances of success rather than will lead to success if correction can
the possibility of failure be made
FPTT-UTeM 07/11/2020 15
THANK YOU
FPTT- UTeM 16

Technology Entrepreneurship: BTMW 4012

Uploaded by

Copyright:

Available Formats

Technology Entrepreneurship: BTMW 4012

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Technology Entrepreneurship: BTMW 4012

Uploaded by

Copyright:

Available Formats

BTMW 4012

Is a process of creating and expanding businesses that

An entrepreneurship is a business that is started and led by

The entrepreneur must be a good leader

 Rationality and objectivity, realistic expactation ability to

doing the kind of work they enjoy doing.

owners who are trying to combine career and

scale business. In board sense,

responsibility for turning an idea into a profitable

IPO : Initial Public Offering; M&A :mergers& acquisitions

 Creating vision, direction, goals

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.