Introduction to

technopreneurship
CONTENT
 Entrepreneurship vs Technopreneurship
 Entrepreneurial Mindset
 Innovation vs Invention
 Products and Services
 Team Formation

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“
TECHNOLOGY is human
innovation in action.

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TECHNOLOGY + ENTREPRENEURSHIP =

TECHNOPRENEURSHIP

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Entrepreneurship vs.
Technopreneurship
ENTREPRENEURSHI TECHNOPRENEURSHI
P P
 the practice of  the use of technology
consistently as an integral and key
converting good element in the
ideas into profitable transformation of
commercial goods and services
ventures

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Entrepreneurship vs.
Technopreneurship
ENTREPRENEURSHI TECHNOPRENEURSHI
P P
 the practice of  managing technology
consistently in order to achieve
converting good superior value for the
ideas into profitable customer
commercial
ventures

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Entrepreneurship vs.
Technopreneurship
ENTREPRENEURSHI TECHNOPRENEURSHI
P P
 the practice of  either involved in
consistently delivering an
converting good innovative hi-tech
ideas into profitable product or makes use
commercial of hi-tech in an
ventures innovative way to
deliver its product to
the consumer or
BOTH
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1
A technology-based enterprise
is one that derives a competitive
advantage from direct or
indirect use of technology.
 Technopreneur
✓ entrepreneur who uses cutting-edge technology to
develop new business. (Daniel Mankani, 2003)
✓ entrepreneur who involves himself in technological
changes in producing goods and services for his
organization. (Sarimah Hanim & Abd. Rashid,2008)
✓ entrepreneurs who use technology as their driven
factor in transforming resources into goods and
services, creating an environment conducive to
industrial growth

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ENTREPRENEUR TECHNOPRENEUR
 Likes to compete  Likes to innovate
 Is a  Is part of a team
self-starter/pioneer  Is able to do many
 Is able to do many things at once, but
things at once chooses to delegate
 Likes to work for him  Likes to be the one to
or herself and be in control innovation and
control be part of an evolution
 Is motivated by a  Is motivated by a strong
strong desire to vision and the passion to
achieve and attain innovate
financial success

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ENTREPRENEURAL
MINDSET
5 CHARACTERISTICS OF AN
ENTREPRENEUR

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 Decisiveness- ability to make
decisions quickly and effectively
 To succeed as an entrepreneur, you must gain the ability
to look at a problem or situation, digest all available
data (at that point in time), and make a confident
decision to move forward.
 Your ability as a decision maker will make or break
your future successes.
 In fact, at the opposite end, indecision is one of the
greatest causes of business failure.
 When you can’t decide what to do, you delay taking
action. In other words, you do NOTHING.

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 Confidence-self-assurance arising from
one’s appreciation of one’s own abilities or
qualities

 Looking confident, practiced, and skilled is what we

ADMIRE in others. But looking confident and being
confident are two different things.
 Acting confident while getting on stage to give a speech to
a packed room, even when your hands are violently
shaking, is essential to learn the art of public speaking.
 Pretending you are good at something will enable you to do
it confidently enough times until you become good at it.
The more you do this, the better you will become.

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 Accountability-willingness to accept
responsibility
 The entrepreneurial mindset comes from taking
responsibility for your actions and outcomes.
You need to internalize and accept that:
 Everything that happens at work – YOU are responsible
for.
 Everything that happens to your business – YOU are
responsible for.
 Whether you succeed or fail, it is YOUR responsibility.
 From this moment forward, you must accept responsibility
for everything in your life and hold yourself accountable to
it.

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 Resilience-capacity to recover quickly
from difficulties
 As an entrepreneur, you will need to learn to deal with
making mistakes and failing. They are inevitable and a
part of your growth.
 Success rarely happens in a straight line. Taking wrong
turns and making mistakes is something that happens to
everyone.
 Resilience enables you to think, act, and move
iteratively — making small, incremental corrections
along the way.

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 Humility-freedom from pride or
arrogance
 It ties all of the characteristics of entrepreneurship.
 From decisiveness to confidence, humility will keep you
focused and centered.
 From accountability to resilience, you will continue to move
forward through failure, mistakes, and upsets.
 Along with humility comes coachability — the ability to be
coached.
 If you want to accomplish big things in life, you need to be
willing to learn from others and nourish a growth.
 Thinking like an entrepreneur means seeking out mentors and
coaches who have been where you are trying to go — and
having the humility to accept their guidance.

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INNOVATION vs
INVENTION
the indispensable
start-up ingredient all
IDEAS inventions and
innovations need

INVENTION INNOVATION

- creation of a Introduction of a newer

new product and better solution that
meet new requirements or
existing market needs

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 INNOVATION
 Introduction of a newer and better solution that meet
new requirements or existing market needs
 adding value to something already existing
 practical implementation of new idea.

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PRODUCTS SERVICES
 physical items that  activities that provide
include raw some combination of
materials, parts, time, location, form,
subassemblies or psychological
value.

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TEAM FORMATION
TUCKMAN’S STAGES OF TEAM FORMATION

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FORMING STORMIN
G

PERFOR NORMIN
MING G
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FORMING
 where a group of people comes together to
accomplish a shared purpose.
 The leader plays a dominant role at this stage
because team members' roles and
responsibilities aren’t yet clear.
 This stage can last for some time, as people
start to work together, and as they make an
effort to get to know their new colleagues.

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STORMING
 Disagreement are constant at this stage of
development since team members are still
getting to know each other.
 The leader’s role is to help the team get to know
each other whether to offer team building
activities or simply a listening ear.

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NORMING
 This is when people start to resolve their
differences, appreciate colleagues' strengths, and
respect the authority of the leader.

 The team has consciously or unconsciously formed

working relationships that are enabling progress on
the team’s objectives.

 The leader shall ask for periodic updates from the

team and regularly check the team’s progress.

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PERFORMING
 Relationships, team processes, and the team’s
effectiveness in working on its objectives are
syncing to bring about a successfully
functioning team.
 This is the stage at which the real work of the
team is progressing.
 The leader shall help solve problems and
provide input as needed.

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“ END

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 ASSESSMENT TASK
1. Name 5 Filipino technopreneurs and their
contributions
2. Name 5 technopreneurs in the world and their
company.
3. What do you think is the most important
characteristic of a technopreneur? Why do you think
so?

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