Etech

• Technopreneurship


  A philosophy, a way of building a career or perspective in life that covers the value of professional and life skills in entrepreneurial thought, investment decisions, and actions that students can utilize in starting technology companies or executing R&D projects in companies as they start their career. The net result is a positive outlook towards wealth creation, high value adding, and wellness in society.
• Entrepreneurship


  An activity of setting up business or businesses, taking on financial risks in the hope of profit
• Entrepreneurship Activities


  • Central to creating work opportunities, jobs and are being considered a central to economic growth
• Technopreneurship


  Comprises identifying modern technologies and even creation of technological opportunities by the presentation of commercial products and services. It is a simple entrepreneurship in a technology intensive context. It is a process of merging technology prowess and entrepreneurial talent and skills. It is the use of technology as an integral and key element in the transformation of goods and services.
• Technopreneur


  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. They continuously go through an organic process of continual improvement and always try to redefine the dynamic digital economy.
• "You've got to start with the customer experience and work back toward the technology – not the other way around." – Steve Jobs, 1997
• Characteristics of 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
  • Love what they do
• Entrepreneurial Mindset


  How to think like an entrepreneur. A way of thinking that enables you to overcome challenges, be decisive, and accept responsibility for your outcomes. It is a constant need to improve your skills, learn from your mistakes and take continuous action on your ideas. Anyone willing to do the work can develop an entrepreneurial mindset.
• Convergence for successful new products

  • The creative mind
  • The technical mind
  • The business mind
• Essential Characteristics of the Entrepreneurial Mind

  • Creativity
  • Suspicion of Predictors
  • Comfort with uncertainty
  • Openness to experimentation
  • Functional Humility
• Entrepreneurial Mindframe


  • Critical Thinking
  • Flexibility & Adaptability
  • Communication & Collaboration
  • Comfort with Risk
  • Initiative & Self Reliance
  • Future Orientation
  • Opportunity Recognition
  • Creativity & Innovation
• Entrepreneurial Mindframe


  Allows the entrepreneur to see things in a very positive and optimistic light in the midst of crisis or difficult situations
• Passion


  The great desire to attain a vision or fulfill a mission. It is about wanting something so much that a person would be willing to totally devote oneself to the quest.
• Entrepreneurial Heart Flame


  Is about emotional intelligence, which is often manifested in the entrepreneurs' efforts to nurture relationships with customers, employees, and suppliers. The entrepreneur also looks after the interests of his or her people by motivating and encouraging them to be the best that they can be. This creates caring culture within the organization that brings about synergy among the people working toward a common vision.
• Entrepreneurial Gut Game


  Refers to the ability of the entrepreneur to sense without using five senses. This is also known as intuition. It also connotes courage or in the local dialect, lakas ng loob.
• Innovation


  The actions required to create new ideas, processes or products which when implemented lead to positive effective change.
• Definitions of Innovation


  • Innovation is creating new value and/or capturing value in a new way. Value is the key word.
  • Innovation is something new to your business that fills an untapped customer need. Ideally, the innovation builds a new market.
  • An innovation is an idea that has been transformed into practical reality.
  • Innovation is a process to bring new ideas, new methods or new products to an organization.
• Idea


  A plan, suggestion, or possible course of action
• Team


  A group of people who collaborate on related tasks toward a common goal
• Key Points about Teams

  • In a business setting most work is accomplished by teams of individuals. Because of this, it is important for employees to have the skills necessary to work effectively with others.
  • Organizations use many kinds of teams, some of which are permanent and some of which are temporary.
  • Teams are used to accomplish tasks that are too large or complex to be done by an individual or that require a diverse set of skills and expertise.
• Teamwork


  Involves a set of interdependent activities performed by individuals who collaborate toward a common goal
• Key Points about Teamwork

  • Teamwork involves shared responsibility and collaboration toward a common outcome.
  • Teamwork processes can be divided into three categories: the transition process, action processes, and interpersonal processes.
  • Five characteristics of effective teamwork are shared values, mutual trust, inspiring vision, skills, and rewards.
• Teamwork Processes


  • The transition process is the phase during which a team is formed.
  • Action processes comprise the phase during which a team performs its work.
  • Interpersonal processes include activities that occur during both the transition and action processes.
• Characteristics of Effective Teamwork

  • Shared values: a common set of beliefs and principles about how and why the team members will work together
  • Mutual trust: confidence between team members that each puts the best interest of the team ahead of individual priorities
  • Inspiring vision: a clear direction that motivates commitment to a collective effort
  • Skill/talent: the combined abilities and expertise to accomplish the required tasks and work productively with others
  • Rewards: recognition of achievement toward objectives and reinforcement of behavior that supports the team's work.
• The Role of Teams in Organizations

  • Due to global and technological factors, the importance of combining competencies and building strong teams is increasing.
  • By combining resources (both across management levels and functional disciplines), organizations can create unique synergies and core competencies.
  • Cross-functional teams utilize a wide variety of unique skill sets to build teams capable of achieving complex objectives.
• Team


  • Shared beliefs and principles about how and why the team members will work together
  • Mutual trust: confidence between team members that each puts the best interest of the team ahead of individual priorities
  • Inspiring vision: a clear direction that motivates commitment to a collective effort
  • Skill/talent: the combined abilities and expertise to accomplish the required tasks and work productively with others
  • Rewards: recognition of achievement toward objectives and reinforcement of behavior that supports the team's work
• Role of Teams in Organizations

  • Due to global and technological factors, the importance of combining competencies and building strong teams is increasing
  • By combining resources (both across management levels and functional disciplines), organizations can create unique synergies and core competencies
  • Cross-functional teams utilize a wide variety of unique skill sets to build teams capable of achieving complex objectives
  • When carrying out a process in a team, it's important to set objectives and strategy, carry out objectives, and build strong interpersonal efficiency
• Teams are increasingly common and relevant from an organizational perspective, as globalization and technology continue to expand organizational scope and strategy
• In organizations, teams can be constructed both vertically (varying levels of management) and horizontally (across functional disciplines)
• Customers


  An individual or business that purchases another company's goods or services
• Successful Marketing Requires Understanding your customer's wants and needs
• Customer Decision Process


  1. Need recognition

  2. Information search

  3. Evaluation of Alternatives

  4. Purchase

  5. Post-purchase
• Caveats of Customer Focus

  • Identify Your Target Markets
  • Establish How Customers Shop
  • Understand Why Customers Buy What They Buy
  • Listen to What Customers Say
• Value Proposition


  • A better way to talk with your customers
  • The value a company promises to deliver to customers should they choose to buy their product
• Value Proposition


  • Relevancy: Explain how your product solves customers' problems or improves their situation
  • Quantified value: Deliver specific benefits
  • Differentiation: Tell the ideal customer why they should buy from you and not from the competition
• People should read and understand your value proposition
• A value proposition is not a slogan, catch phrase, or positioning statement
• Good Value Proposition


  • Clarity: It's easy to understand
  • Communicates the concrete results a customer will get from purchasing and using your products and/or services
  • Says how it's different or better than the competitor's offer
  • Avoids hype, superlatives, and business jargon
  • Can be read and understood in about 5 seconds
• What a Value Proposition Consists Of

  • Headline: What is the end-benefit you're offering in one short sentence?
  • Sub-headline or a 2–3 sentence paragraph: A specific explanation of what you do/offer, for whom, and why it's useful
  • 3 bullet points: List the key benefits or features
  • Visual: Images communicate much faster than words
• Market Analysis


  A quantitative and qualitative assessment of a market, looking at size, customer segments, buying patterns, competition, and economic environment