c1 introduction

TECHNOPRENEURSHIP

C9Business

Networking

C9Business

Networking

C8Technology

Venture & Ethical Issues

in Business

C8Technology

Venture & Ethical Issues

in Business

C7Financial Plan

C7Financial Plan

C6 Operation

Management

C6 Operation

ManagementC5

Marketing

C5 Marketing

C4Intellectual

Property

C4Intellectual

Property

C3Business Plan

Overview

C3Business Plan

Overview

C2Business

Management

C2Business

Management

C1Introduction to

Technopreneurship

C1Introduction to

Technopreneurship

Technopreneurship Technopreneurship

•Defining entrepreneur, Technopreneur & Intrapreneur•Technopreneurship development in Malaysia

UniKL - Template•BP (Word) - 50%•BP Presentation – 20%

•Patent/Utility•Trademark•Copyright•Industrial design•Geographical indication•Integrated Circuit layout

H/P no: 019 – 337 3634Email: [email protected]

•SME definition•Characteristics of Small business•Management functions

•Market Concept•Defining the market•Sales forecast•Preparing the market Plan•Managing marketing & Sales activities•The transformation process

•Process planning•Material requirement planning•Capacity planning•Operation cost & cost per unit

•Inception of an technopreneurial venture•An ongoing venture: Business development & transactions•Growth & Continuity of a successful Technopreneurial Venture•Ethical issues in business

•Networking Principles•Advantages of networking•Strategic networking•Types of networking•Strategic networking consolidation•Techniques for developing confidence among Technopreneur•Barriers in building strategic networks

•Introduction to financial planning•The process of developing financial planGathering financial inputPreparing the project implementation cost schedulePreparing the sources of finance schedulePreparing the proforma cash flow statementPreparing the proforma income statementPreparing the proforma balance sheetProforma financial analysis based on proforma statements

References:1. Mankani, D(2003),Technopreneurship – The successful

entrepreneur in the new economy, 1st edition, Pearson Education Prentice Hall

2. Kuratko, D & Hodgetts R.M(2004), 6th edition Entrepreneurship: Theory, process & practice, Thomson South-Western

Assessment:Business Plan – 60%Test – 10%Final Exam – 30%

mailto:[email protected]

Chapter 1-

Introduction To

Technopreneurship

1. Defining Entrepreneur, Technopreneur & Intrapreneur

2. Technopreneurship development in Malaysia

7

WHERE KNOWLEDGE IS APPLIED

TECHNOPRENEUR DEVELOPMENT TECHNOPRENEUR DEVELOPMENT STRUCTURE @ UNIKLSTRUCTURE @ UNIKL

Level 1

Level 2

Level 3

Level 4

Level 5

Academic Subjects, Co-curriculum Activitieson Business & Entrepreneurship, Creation of Interest & Motivation

Students involved in Social Entrepreneurship, Guided by Staff (setting up and running social team enterprises, other students as customers)

Students & Alumni involved in Intrapreneurship; Using UniKL Incubator Facilities; Use of Technology, UniKL Community as Main Customer, External Customers

Alumni, Student, Staff & External Party JV Extrapreneurship; Technology-based Enterprises; External Customers, Incubator Facilities

UniKL, Staff, Alumni & External Party (Local & Overseas) JV Technopreneurship; Technology-based (Internal R&D & Outsourced), Global Marketing Network

Earlier Viewpoints (1700-Earlier Viewpoints (1700-1950s)1950s)

• The word entrepreneur comes from The word entrepreneur comes from French word French word ‘entreprendre’‘entreprendre’

• ““Entreprendre”Entreprendre” – individuals who – individuals who undertake (the risk of new ventures).undertake (the risk of new ventures).

Entrepreneur Are Made and Entrepreneur Are Made and Not BornNot Born

“The entrepreneurial mystique? It’s not magic, it’s not mysterious and it

has nothing to do with the genes. It is a discipline.

And like any discipline, it can be learned.”

…Peter Drucker

Source: Edward Lumsdaine, Professor of Mechanical Engineering, Michigan Tech

DrV-TechnopreneurshipDrV-TechnopreneurshipDr.V - Technopreneurship


TECHNOPRENEURSHIP

• ventures in high tech areas with new products or services (ICT, environment, energy, biotech, etc.)

• new tech to enhance existing operations, products, services (ICT, biotech)

• (sometimes, high impact results from low tech applications)


Technopreneurship is thecommercialization of tech

ideasFrom:• Brains• Mind• Science

• TECHIE

To: • Business• Market• Enterprise•TECHNOPRENEUR


THE TECHNOPRENEUR

• A technology idea owner who ventures to make his idea a commercial reality• An

entrepreneur/ businessman who finds an opportunity to make a technology idea a commercial reality


Technopreneurship: Innovative Venture

Businesses based on technology platforms/ applications/ combinations (ex., cure for infectious diseases; new drug production method; enhanced DVD format; software; new devices like the iPHONE, Smartpen )

DrV-TechnopreneurshipDrV-TechnopreneurshipDrV-Technopreneurship

• EntrepreneurshipEntrepreneurship is a is a process,process, and the and the entrepreneur is an entrepreneur is an innovatorinnovator who uses processes to who uses processes to challenge existing norms via challenge existing norms via combinations of new resources and combinations of new resources and methods in commerce. methods in commerce.

ENTREPRENEUR = Product + Market = Profit

TechnopreneurTechnopreneur• They are entrepreneurs who used They are entrepreneurs who used

“technology” as their driven factor in “technology” as their driven factor in transforming resources into transforming resources into goods and servicesgoods and services, creating an , creating an environment conducive to industrial environment conducive to industrial growth”…growth”…

TECHNOPRENEUR = Today + Future = Vision

• In the world of corporate business, In the world of corporate business, intrapreneursintrapreneurs emerge as that emerge as that breed who is a breed who is a cross between cross between managers and entrepreneurs.managers and entrepreneurs.– They They work for the corporationwork for the corporation but are but are

given the given the task of starting new task of starting new venturesventures..

IntrapreneurIntrapreneur

• Entrepreneur seem to be the Entrepreneur seem to be the startersstarters and managers the and managers the followersfollowers– Initially, entrepreneurs also assume the Initially, entrepreneurs also assume the

role of manager, but later the role of manager, but later the managerial roles are delegated to the managerial roles are delegated to the managers.managers.

• Managers do Managers do not start businessesnot start businesses, , they only they only managemanage them. them.

Source: Edward Lumsdaine, Professor of Mechanical Engineering, Michigan Tech

Malaysia Economic Transformation Malaysia Economic Transformation & Drivers& Drivers

1996

Source : Malaysia’s National Economic Action Council

Labour-driven

Labour-driven

Investment-driven

Productivity-driven

Knowledge-driven

1960 19951970 1980

Primary Commodities

Assembly-type Manufacturing

Medium-tech Manufacturing & Services

High-tech Manufacturing & Services

Knowledge-based

2005 2020

AGRICULTURE / PRIMARY COMMODITYAGRICULTURE / PRIMARY COMMODITY

INDUSTRIAL / IMPORT SUBSTITUTIONINDUSTRIAL / IMPORT SUBSTITUTION

TECHNOLOGY / FOREIGN DIRECT INVTTECHNOLOGY / FOREIGN DIRECT INVT

HIGH TECHNOLOGY / SERVICES HIGH TECHNOLOGY / SERVICES

KNOWLEDGE BASED / INTELLECTUAL CAPITALKNOWLEDGE BASED / INTELLECTUAL CAPITAL

Group Activities – Conclusion

1. Defining Entrepreneur,

Technopreneur & Intrapreneur

2. Technopreneurship development

in Malaysia

c1 introduction

Business

tech manufacturing

edward lumsdaine

mechanical

technopreneurship

technopreneurship

defining entrepreneur

technopreneur

amp