Thursday, 18 July 2013

TECHNOPRENEURSHIP

      


       Welcome to my Blog, it talks about Technopreneurship but first I will discuss how tecnopreneurship takes place.

Entrepreneurship
Entrepreneur is a people who enter into new and  pioneering ventures was involves having the guts to do what you believe is right, thinking out of the box and making business out of it.

Technology + Entrepreneurship = Techonopreneurship



Technopreneurship

-    A technopreneur is an entrepreneur who is technology savvy, creative, innovative, dynamic, dares to be different and take the unexplored path, and very passionate about their work. They take challenges and strive to lead their life with greater success. They don't fear to fail. They take failure as a learning experience, a stimulator to look things differently and stride for next challenge. Technopreneurs continuously go through an organic process of continual improvement and always try to redefine the dynamic digital economy
-    Is the use of technology as an integral andkey element in the transformation of goods and services?
-    Is an entrepreneur in the field of technology? Technopreneurship is being an entrepreneur by using existing technologies and suiting it to a new application, inventing or developing a new product.

Wrong Concepts about Effective and Successful Technopreneurship

v  Are all gifted
v  I am Superman
v  I take Risk
v  My Precious
v  It’s all about me

It should be:

ü  Molded by Experience
ü  We are the Justice League
ü  I take calculated Risk
ü  Our Precious



According to Steve Jobs during the World Wide Developers Conference on May 1997 that “You’ve got to start with the customer experience and work back toward the technology – not the way around.”







Most Successful and Effective Technopreneurs

*      Are not born, but made.
*      Is most often not a one man team. He works with a team
*      Is trained by a mentor
*      Is a calculated Risk Taker
*      Shares the burden of responsibility to other team members
*      Understand the needs of the customers
*      Has a business model in mind
*      Understand the value of resources and where to find them
*      Does not aim to stand out but to address a solution for a common good.

Moving further when talking about Technopreneurship, for some people, it is not a product but a process of synthesis in engineering the future of a person, an organization, a nation and the world but according to our lessons,Technopreneurship is entrepreneurship in the field of technology. This means that the people that are in technopreneurship use existing technologies or invent and develop a new product. Examples of these are High tech ventures in ICT, electronics, internet, life sciences and biotech. This are innovations that are not confined to tangible products but also include services and processes like that of banks, airlines, shipping lines, telecommunications, hospitals, agencies and other establishments. 

Importance of Tecnopreneurship

Ø Employment Creation - entrepreneurs create employment for themselves and other people. They are employers, and hence assist in solving the unemployment problem in the country. For me, when someone starts a new venture, there are opportunities that are opened not just for the entrepreneur but also to other people who looks for a job. 
Ø  Local Resources - used by entrepreneurs causes increase in value of these resources. I see an example of these local resources, just like that of raw materials or ingredients in a certain product. 
Ø  Decentralization and diversification of business - is defined in its importance as Entrepreneurs are able to identify business opportunities and locate these businesses in suitable areas, including rural areas. Thus, in my own opinion, if entrepreneurs or technopreneurs will locate a certain business with a right product in a suitable area, then, the business can really help in meeting the needs of the residents there. 
Ø  Promotion of Technology - is being creative then using of technology is being utilized and because of the growing needs of the business, technology needs to be developed leading to new inventions and innovations. 
Ø  Capital formation - increases capital formation and investment. Thus, for me, when one increases income and can gain for a new investment, then, the business will grow and grow and will benefit the owner and its workers in a business. 
Ø  Promotion of an entrepreneurial  culture - it is by projecting successful images.





        

              In our class our instructor discuss a course model called SEED means S – Self Mastery, E – Environment Mastery, E – Enterprise Mastery and D – Development of Business Plan.
          We had learned that one can develop self – mastery first is to know yourself, because self – mastery brings passion. When you know yourself, you know what you want  and do not want. Also, a self – mastered person does not need high IQ, does need  high EQ and AQ. A self – mastered person is a performer, epicure and boss. Environment Mastery is about generating business ideas and seeking opportunities out from  his or her environment through, serendipity walks, crisis, trends and others. Also a self – mastered person understand the industry he / she is in, sees the opportunities, not the problems, is on top of the situation instead of being under the situation, is the organization/industry innovator and strategist. Enterprise Mastery is know how to run a business it pertains to the knowledge of the different  enterprise disciplines such as , Creating business, Marketing Management, Operations Management, Financial Management, Risk Management an enterprise mastered person  can understand and integrates the functions of management(planning, organizing, directing,  and controlling). He / She also lead and inspire rather than manage. We learned also the steps how  to develop a business plan first, writing the business plan, presenting and defending the business plan, lastly adding refinements to the presented business plan.

          We had also learned how an Entrepreneur makes a Technopreneur. First is A technology idea owner who ventures to make his idea a commercial reality, An Entrepreneur who gets a technology idea, find an opportunity to make commercial reality.

          In my own conclusion to be an pioneering in a field of technology one should be think out of the box, one should think about innovations because Logic answer why and creativity answers why not. Thank you for reading my short blog about technopreneurship I hope you learned from me.