c1 technopreneurship

5/26/2018 C1 Technopreneurship

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BEE4613 Technopreneurship

Technopreneurship

BEE4613


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Syllabus

Chapter 1: Technopreneur & Technopreneurship

Chapter 2 Business Opportunities: Identification,

Evaluation & Selection

Chapter 3

Innovation and Technopreneurship


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Chapter 4 Forms of Business Entities, Regulations and

Business Support System

Chapter 5 Business Plan

Chapter 6

Management of a Small Business


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Chapter 7 Marketing

Chapter 8 Operations Management

Chapter 9 Financial Plan

Chapter 10 Issues on Technopreneurship


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Assessment

Test 1 : 15%

Test 2 : 15%

Presentation : 30%Business Plan Report : 40%

Final Exam : 0%

TOTAL : 100%


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References

i. UiTM Entrepreneurship Study Group (2004).Fundamentals of Entrepreneurship.Pearson Prentice Hall.

ii. Peter F.Drucker (1993). Innovation and

Entrepreneurship. HarperBusinessiii. W.Chan Kim, Renee Mauborgne (2005).

Blue Ocean Strategy. Harvard BusinessSchool Publishing Corporation

iv. David H.Bangs, Jr (2001). The BusinessPlanning Guide, Advantage QuestPublications.


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Subject assignment

Business proposal

A group consists of max 6 students

Register group members

CEO/manager

Brain storming session

Type of business

Type of product Commercial value..


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How great we are?


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Are they any

businessopportunities from

this scenery?


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How many business should be established to

have all this stuffs inside your kitchen?


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How about this messy room?


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How about communication industry?


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How about airlines industry?


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Why we need an

entrepreneur?


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Identify how many of

Business items (we have to pay).

Non-business items (free of charge)

Inside this lecture room???

Percentage???

% = Business itemsnon-business items x 100%

Business items


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What Can You See Looking Beyond ?hat Can You See Looking Beyond ?


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Entrepreneur, Technopreneur,

Intrapreneur, Innovator,

Manager


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Earlier Viewpoints (1700-1950s)

The word entrepreneur comes fromFrench word entreprendre

Entreprendreindividuals who

undertake (the risk of new ventures).


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Entrepeneur

Entrepreneur invests, transformsandmakes (profit or loss)

[Richard Cantillon, French economist]

In other words, goods are bought at a

certain price, value is added by

transforming (the least being to repack)

the goods, and the goods are then soldat an uncertain price.


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The task of forming an organisationfor commercial purposes

[Adam Smith 1977]

In his book, Wealth of Nations

The ability to foresee potential

through changes in the economy, andto act on the demand therebycreated


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The entrepreneur was said toinfluence society by formingenterprisesand was in turn influenced

by society to recognise needs and tofulfil through skilful management ofresources

[Jean Babtiste Say, 1903, FrenchEconomist]


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Entrepreneurs are economic agentswho transform resources into goodsand services, thereby creating an

environment conducive to industrialgrowth [Carl Menger, 1871, Principlesof Economics]


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Grain in field has

very low value

Milled flour forbaker has high

value

Bulk grain from

farmer has lowvalue

Bread at bakery

for sale has high

value

Delivered baked

bread is highest

value use

Priority 8

Priority 7

Priority 3

Priority 2

Priority 1

Intermediate steps in transformation

Source: David H.Holt. Entrepreneurship.New Venture Creation Englewood Cliffs,NJ: Prentice-Hall 1992, p.5

Mengers Model of Value-AddedTransformation of Resources


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Entrepreneurship is a creativedestruction forcethat sees thedestruction of usual ways of doing

things by the introduction of newimproved ways

[Joseph Schumpeter, 1934, Austrian]


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Entrepreneurshipis a process,and theentrepreneur is an innovatorwho usesprocesses to challenge existing norms

via combinations of new resourcesand methods in commerce.


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Technopreneur

They are entrepreneurs who usedtechnology as their driven factor intransforming resources into goods and

services, creating an environmentconducive to industrial growth


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Innovationsare not confined totangible productsbut also includeservices and processes.

The continuous improvement in financial

sector

City bank, Air Asia


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Entrepreneur seem to be the startersand managers the followers

Initially, entrepreneurs also assume the

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

Managers do not start businesses, they

only managethem.


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In the world of corporate business,intrapreneursemerge as that breedwho is a cross between managers and

entrepreneurs.They work for the corporationbut are

given the task of starting new ventures.


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Any Questions?


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What Is Entrepreneurship?

Nature of Entrepreneurship

It is a socio-economic phenomenon.

Engine of economic growth

Creator of wealth and employment.

What is Entrepreneurship?

It is a creative and innovative human act.

Ability to create and build a vision from practically nothing.

Vision requires willingness to take calculated risks.

It is a discipline, hence it can be learnedPeter Drucker


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Definition of Entrepreneurship Entrepreneurship is the ability to create and bu i ld a

vis ionfrom pract ical ly noth ing. Fundamentally, i t is a

human, creat ive act.It is the app l icat ion o f energy toini t iat ing and bui ld in g an enterpr ise or organizat ion ,

rather than just watching or analyzing. This v is ion

requ ires a w il l ingness to take calculated risksboth

person al and f inancial , and then to do everything p ossible

to reduce the chances of fai lure.

Entrepreneurship also inc ludes the abi l i ty to bui ld an

entrepreneu rial or ventu re teamto complement your (the

entrepreneur)own sk i l ls and talents. It is the knack for

sensing an oppo rtuni tywhere others see chaos,

con tradic t ion, and confu s ion. It is po ssessing the know-

howto f ind, marshal and con tro l resources, of ten owned

by others.

Professor Jeffrey Timmons (1990)

Entrepreneur Are Made and


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Entrepreneur Are Made and

Not Born

The entrepreneurialmystique? Its not magic, its

not mysterious and it hasnothing to do with thegenes. It is a discipline. And

like any discipline, it can belearned.

Peter Drucker


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Why People Become Entrepreneurs?

Definition of an entrepreneurFrench word

entreprende meaning go between or enter to

undertake. A person who undertakes to organize,

manage and assume risks of business

How people become entrepreneur ?By Necessityand Opportunity, Design and Default

Triggered by Social Disruption or Interruption

Entrepreneurs are created in good and bad economictimes.

Achievements and Financial Rewards for an

Entrepreneur.

h h ?


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Who Are The Entrepreneurs?

Paradigm shifters, innovators and opportunists

creative destroyers

Key change catalysts and agents

Wealth and employment creators

Economic engine drivers

Key actors of the Malaysian Economy Entrepreneurs are made and not born

entrepreneurial propensity

You can be the entrepreneur - if you have what it

takes

People who like to be their own boss

People who has experienced a social disruption?

Necessity and opportunity entrepreneurs

E t i l T it (1)


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Entrepreneurial Traits (1)

Most Important for Success:

Innovative & Opportunistic

Willingness to take risk

Initiative Self reliance

Perseverance (keep trying to achieve

something) Need to achieve

Self confidence

E t i l T it (2)


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Important for Success:

Leadership

Competitiveness

Good physical health

Creative

High level of energy

Versatility

E t i l T it (3)


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Least Important for Success:

Ability to get along

Patience

Well organized

Desire for money

Tolerate uncertainty

Need for power

Need for affiliation

Difference Between Entrepreneurship


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Difference Between EntrepreneurshipAnd Small Business

Entrepreneurship

Innovation

Fast growth

Vision

Employment creation

Money making machine

Higher risk

Small Business

Little innovation

Static growth

Little vision

Family business

Earning alivelihood

Low or minimum

risk

E t hi St ti ti


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US Situation

About 1 million businesses are formed each year in the

US

Between 70 to 80% failed the first year of start-up

10% to 20% last through the next 5 years

Venture investment 1:10 success rate

Venture capitalists expects between 5 to 10 times

return

Entrepreneurship Statistics

Do You Know?

Entrepreneurship Statistics


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6 in a million with a high tech business idea eventually

becomes a successful company that goes public / IPO.

Fewer than 20% of the funded starts-up go public.

Bankruptcies occur for 60% of the high tech companies that

succeed in getting venture capital.

Venture capital investors own a large part of the start-up by

the time it goes public: 70 % of hardware companies, 60%

of software companies and 50% of internet companies.

Source: US Statistics

Entrepreneurship StatisticsDo You Know?


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Malaysian Setting &

Global Scenario


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Mewujudkan masyarakat

saintifik dan progresif,

masyarakat yang

mempunyai daya

perubahan tinggi danmemandang ke

hadapan, yang bukan

sahaja menjadi

pengguna teknologitetapi juga penyumbang

kepada tamaddun

saintifik dan teknologi

masa hadapan

Malaysia: Enterprising Culture And


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Malaysia: Enterprising CultureAndNation

Economic Paradigm Shifts 1950s to 2000s. Wawasan 2020

Ministry for International Trade & Investment - SMIDEC

Ministry for Entrepreneurs & Co-0perative Development.

Multimedia Super Corridor7 Flagships.

MSC Status Privileges & Incentives.

Strong Economic Growth & Social Innovation

Rapid Infrastructure Development.

Industry Promotion of Entrepreneurship: Enterprise 50 Awards, Ernst

& Young Malaysian Entrepreneur of the Year Award, Venture 2002,

MSC-IHL Business Plan Competition, MAVCAPs Cradle Investment

Programme

MSC Fl hi A li ti


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MSC Flagship Applications

E-Business

Telehealth

Smart Schools Multipurpose Card

R&D Cluster

Electronic Government

WorldwideManufacturing Web

Borderless Marketing

Centre

Technopreneur

Development

Malaysia Economic Transformation &


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Malaysia Economic Transformation &Drivers

1996

Source : Malaysias National Economic Action Council

Labour-driven

Labour-driven

Investment-driven

Productivity-driven

Knowledge-driven

1960 19951970 1980

PrimaryCommodities

Assembly-typeManufacturing

Medium-techManufacturing

& Services

High-techManufacturing& Services

Knowledge-based

2005 2020

AGRICULTURE / PRIMARY COMMODITY

INDUSTRIAL / IMPORT SUBSTITUTION

TECHNOLOGY / FOREIGN DIRECT INVT

HIGH TECHNOLOGY / SERVICES

KNOWLEDGE BASED / INTELLECTUAL CAPITAL

NITA Vi i 2020 Competitive


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NITA Vision

Social

Econom

ic

Now

Connectivity ofnetworks

Equitable access toinformation

Culture of learning Information literate

ICT as a sector Information ascommodity

Empowered citizens

Self-regulating

Self-controlled

Fostering creativity

Inclusive society

Strong families

Value creationthrough knowledgeproducts andindustry

2020

United Developed & secure Strong moral andethical values

Democratic and liberal Tolerant & Progressive

Competitive,dynamic, robust &resilient

Fair & equitabledistribution ofwealth

Knowledgeeconomy

St t i F k


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Information&

CommunicationTechn

ology

ICT as a

SECTOR

ICT as an

ENABLER

Innovation for

WEALTH

CREATION

Innovation for

BALANCED

SOCIETAL

DEVELOPMENT

Innovation for

GOOD

GOVERNANCE

Malaysias

ICT4D

program for

Innovating

towards a

K-nation

In

dustry

Society

Govern

-ment

K-economy

K-society

For balanced development through innovation, the ICT4D Framework shown, which draws

on the principles highlighted thus far, can be used as a guide.

Strategic Framework

Framing the Strategic ICT R&D


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Framing the Strategic ICT R&DAgenda: Strategic Intent

Innovation for WEALTH CREATION- All sectors of the Malaysian economy creating value and wealththrough successful participation in the emerging knowledge-driven global economy

- Key focus: Knowledge-driven economy

Innovation for BALANCED SOCIETAL DEVELOPMENT Inclusive community development through provision of life

changing ICT applications

Key focus: Knowledge society

Innovation for GOOD GOVERNANCE Foster form of accountability and transparency in the process of

governance that enhance the quality of life of Malaysians

Key focus: Participating in governance for quality of life


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Any Questions?

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