GE ELEC 2

• Entrepreneurship is the pursuit of opportunity beyond resources controlled - Howard Stevenson
• Entrepreneurship involves creating and scaling a business to generate profit, but also about transforming the world by solving big problems - Nicole Martins Ferreira
• Reasons to become an entrepreneur: Money (5%), Experience (27%), Impact (68%)
• First steps into entrepreneurship involve: having an idea and concept, conducting market research, developing and planning, getting funding, finding partners
• Reasons why most entrepreneurs fail: seeking money before adding value, low business IQ, fear of failure, lack of vision, poor money management
• Types of Entrepreneurship:

  • Small business entrepreneurship
  • Large company entrepreneurship
  • Scalable startup entrepreneurship
  • Social entrepreneurship
  • Innovative entrepreneurship
  • Hustler entrepreneurship
  • Researcher entrepreneurship
  • Buyer entrepreneurship
• Philippine business landscape in relation to technopreneurship:

  • SMEs are the driving force of economic growth
  • Vitality of SMEs in creating jobs
  • Government support for SMEs to go digital
  • SMEs need to innovate and seek viable solutions for business growth
• Technopreneurship involves the integration of technology, innovation, and entrepreneurship
• Cyberpreneurship is a way to promote a product/service via internet technology, utilizing electronic brochures on the internet
• Advantages of the internet in cyberpreneurship: no distance barrier, efficient use of time and energy
• High-technology industries are characterized by a workforce with strong skills and educational attainment, highly paid, and contribute significantly to productivity growth
• Entrepreneurship is the pursuit of opportunity beyond resources controlled - Howard Stevenson
• Entrepreneurship involves creating and scaling a business to generate profit, but it's also about transforming the world by solving big problems - Nicole Martins Ferreira
• Reasons to become an entrepreneur:

  • Recognition of a need
  • Impacting lives
  • Personal fulfillment
  • Creating job opportunities
  • Being the boss
  • Making a profit
• First steps into entrepreneurship:

  • Idea and concept
  • Market research
  • Develop and plan
  • Get funding
  • Finding partners
• Reasons why most entrepreneurs fail:

  • Seeking money before adding value
  • Low business IQ
  • Fear of failure
  • Lack of vision
  • Poor money management
• Types of Entrepreneurship:

  1. Small business entrepreneurship

  2. Large company entrepreneurship

  3. Scalable startup entrepreneurship

  4. Social entrepreneurship

  5. Innovative entrepreneurship

  6. Hustler entrepreneurship

  7. Researcher entrepreneurship

  8. Buyer entrepreneurship
• Technopreneurship:

  • Coined from "technology" and "entrepreneurship"
  • Involves integrating technology, innovation, and entrepreneurship
  • Focuses on turning good ideas into business ventures using human knowledge for practical purposes
  • Involves manufacturing hi-tech products or using technology to deliver products
  • Aims to engineer the future of individuals, organizations, or nations
• Cyberpreneurship:

  • Promotes products/services via internet technology
  • Utilizes electronic brochures on the internet
  • Seeks business opportunities using internet technologies
• High-Technology Industries:

  • Highly desired economic activities with a skilled and highly paid workforce
  • Defined by factors like intensity of science, engineering, and technician occupations, research and development employment, production of high-technology products, use of high-technology production methods, and the relationship between high-technology industries and productivity growth
• Technopreneurship involves;

  integration of technology, innovation, and entrepreneurship