COURSE Ge. Elec.

2- Technopreneurship
DEVELOPER Aldrex Gonzales Laxamana
AND Master in Business Administration (2014-present) Tarlac
THEIR State University

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BACKGROUND Bachelor of Science in Business Administration- Major in
Management- New Era University
[email protected]
[email protected]
COURSE This course aims to enable the students to recognize
DESCRIPTION and assess technology- based entrepreneurship in their
related organization and to evaluate entrepreneurial
processes in the technological age. Topics include
Review on Entrepreneurship; Introduction to
Technopreneurship; Creativity and Innovation and New
Technological Products Development; Intellectial
Property; Digital
Marketing and E-commerce; Web 4.0 and
Cryptocurrency;
Corporate Social Responsibility; and Cashless
Transactions
COURSE I. Review on Entrepreneurship and Basic Concepts
OUTLINE of Technopreneurship
II. Creativity and Innovation and NTPD
III. Intellectual Property
IV. Digital Marketing and E-commerce
V. Web 4.0 and Cryptocurrency
VI. Cashless Transactions and Corporate Social
Responsibility
CHAPTER # I
TITLE Review on Entrepreneurship and Basic Concepts of
Technopreneurship
RATIONALE This chapter covers the following topis:
• Concepts of Entrepreneurship
• Philippine Business Landscape
• Entrepreneurship and Technopreneurship
• Cyberpreneurship
• High Technology Industry
INSTRUCTION This module should be completed within 4 weeks.
TO THE USERS
LEARNING After going through this module, you are expected to:
OBJECTIVES 1. Identify and expound the concept, principles, and
theories of entrepreneurship.

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 2. Conduct a thorough analysis of Philippine
business landscape and laws protecting SMEs.

3. Identify and categorize different technology-

based enterprise as to cyberpreneurship, and
technopreneurship, and high technology industries.
CONTENT What is Entrepreneurship?
PREPARATORY “Entrepreneurship is the pursuit of opportunity beyond
ACTIVITIES resources controlled.” -- Howard Stevenson

“Entrepreneurship is the act of creating a business or

businesses while building and scaling it to generate a
profit. However, as a basic entrepreneurship definition,
it’s a bit limiting. The more modern entrepreneurship
definition is also about transforming the world by solving
big problems. Like initiating social change, creating an
innovative product or presenting a new life-changing
solution. What the entrepreneurship definition doesn’t
tell you is that entrepreneurship is what people do to
take their career and dreams into their hands and lead it
in the direction of their own choice. It’s about building a
life on your own terms. No bosses. No restricting
schedules. And no one holding you back.
Entrepreneurs are able to take the first step into making
the world a better place, for everyone in it.” -- Nicole
Martins Ferreira

What are the types of Entrepreneurship?

Small business entrepreneurship-- Small business
entrepreneurship is often when a person owns and runs
their own business. They typically hire local employees
and family members. Local grocery stores, hairdressers,
small boutiques, consultants and plumbers are a part of
this category of entrepreneurship.

Large company entrepreneurship-- Large company

entrepreneurship is when a company has a finite
amount of life cycles. This type of entrepreneurship is
for an advanced professional who knows how to sustain

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innovation. Companies such as Microsoft, Google and
Disney are examples of this kind of entrepreneurship.

Scalable startup entrepreneurship-- This kind of

entrepreneurship is when entrepreneurs believe that
their company can change the world. They often receive
funding from venture capitalists and hire
specialized employees. Scalable startups look for things
that are missing in the market and create solutions for
them. Many of these types of businesses start in Silicon
Valley and are technology focused. They seek rapid
expansion and big profit returns.
Examples of scalable startups are Facebook, Instagram
and Uber.

Social entrepreneurship-- An entrepreneur who wants to

solve social problems with their products and services is
in this category of entrepreneurship. Their main goal is
to make the world a better place. They don't work to
make big profits or wealth. Instead, these kinds of
entrepreneurs tend to start nonprofits or companies that
dedicate themselves to working toward social good.

Innovative entrepreneurship-- Innovative entrepreneurs

are people who are constantly coming up with new ideas
and inventions. They take these ideas and turn them
into business ventures. They often aim to change the
way people live for the better. Innovators tend to be very
motivated and passionate people. They look for ways to
make their products and services stand out from other
things on the market. People like Steve Jobs and Bill
Gates are examples of innovative entrepreneurs.

Hustler entrepreneurship-- People who are willing to

work hard and put in constant effort are considered
hustler entrepreneurs. They often start small and work
toward growing a bigger business with hard work rather
than capital. Their aspirations are what motivates them,
and they are willing to do what it takes to achieve their
goals. They do not give up easily and are willing to
experience challenges to get what they want. For
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example, someone who is a hustler is willing to cold call
many people in order to make one sale.

Imitator entrepreneurship-- Imitators are entrepreneurs

who use others' business ideas as inspiration but work
to improve them. They look to make certain products
and services better and more profitable. An imitator is a
combination between an innovator and a hustler. They
are willing to think of new ideas and work hard, yet they
start by copying others. People who are imitators have
a lot of self-confidence and determination. They can
learn from others' mistakes when making their own
business.

Researcher entrepreneurship-- Researchers take their

time when starting their own business. They want to do
as much research as possible before offering a product
or service. They believe that with the right preparation
and information, they have a higher chance of being
successful. A researcher makes sure they understand
every aspect of their business and have an in-depth
understanding of what they are doing. They tend to rely
on facts, data and logic rather than their intuition.
Detailed business plans are important to them and
minimize their chances of failure.

Buyer entrepreneurship-- A buyer is a type of

entrepreneur who uses their wealth to fuel their business
ventures. Their specialty is to use their fortunes to buy
businesses that they think will be successful. They
identify promising businesses and look to acquire them.
Then, they make any management or structural changes
they feel are necessary. Their goal is to grow the
businesses they acquire and expand their profits. This
kind of entrepreneurship is less risky because they are
purchasing already well-established companies.

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Reference: https://www.indeed.com/career-
advice/careerdevelopment/types-of-entrepreneurship

What are the risks and rewards of being an

entrepreneur?
RISK:
Financial risk
Strategic Risk
Technology Risk
Market Risk
Competitive Risk
Reputational Risk
Environmental, Political, and Economic Risk

REWARDS:
Job Satisfaction
Higher Wages
Greater Control

How can we describe the Philippine business

landscape in relation to technopreneurship?

SMALL and medium enterprises (SMEs) serve as the

driving force of a country’s economic growth. This is
mainly because they make up a large part of the
business landscape in certain countries, especially in
Asia.

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In the Philippines, there are 4,769 large enterprises,
106,175 small enterprises, 4,895 medium enterprises
and a whopping 887,272 units of micro business
establishments.

SMEs alone have managed to create over 2.5 million

jobs in the country, further signifying the vitality of these
establishments to the country’s development.

Due to the fact that they greatly influence the country’s

income rate and development, they must be able to
constantly meet the global industrial demands, evolve
alongside the new globalization standards and catch up
with the digital world.

The wave of digital disruption has hit the Philippines’

SMEs, so business leaders must respond proactively by
embracing technology solutions and be more digitally-
enabled.

As the country gains new digital capabilities and

advances its technology development, it is imperative
that SMEs go digital.

New and emerging technologies can be a threat to

businesses that fail to innovate and keep up with the
latest advancements.

Capabilities like digital payment systems are core to

SMEs as they are increasingly sought after and help
stay relevant in an ever evolving marketplace.

The transformation is necessary not only to secure

greater revenues, but also to increase operational
efficiency, boost datareliance, improve marketing, and
enhance research and development.

All in all, the government must heed the call to go digital

by providing SMEs with the necessary aid and

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incentives.

Meanwhile, SMEs must charter plans to innovate within

their means and seek viable solutions that can help their
businesses flourish.

Reference: https://techwireasia.com/2020/01/amid-
digital-disruptionsmes-in-the-philippines-are-pushed-to-
transform/

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Is Technopreneurship important?
Needless to say, technopreneurship has played an
influential role in the use of technology for fulfilling
various purposes. First off, it makes easy for people to
stay in touch with each other and comes up with some
unpredictable products as well as solutions that are
beneficial for the nation.

Apart from this, it has also provided some other benefits

to society and the nation that contributes to economic
and human development. Here, we are going to discuss
the significance of Technopreneurship for a nation and
the world too.

What is cyberpeneurship?
Cyberpreneurship is a step or a way to promote a
product / service via internet technology. in this business
venture and promoted using electronic brochures,
known as the homepage on the internet. or
cyberpreneurship is an entrepreneurial spirit that utilizes
the Internet media. Cyberpreneurship also be
interpreted as tips to seek business opportunities by
utilizing the technologies available on the internet.

UTILIZATION FOLLOWING:
1. Informatics is an integral part of human life, even
become a commodity industry, business information,
media and telecommunications

2. ¨ Change (progress) in telematics technology

have transformed the economic pattern, lifestyle and
way of doing business is significantly

3. ¨ Use of the Internet in e-Business can

significantly reduce the cost of business transactions
and provide convenience in diversifying needs

4. ¨ Use of the Internet in e-Government has also

been shown to improve the performance of government
in the provision of government information and service

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delivery to the public and businesses.

5. ¨ Use of the Internet in e-Health, e-Education,

and others have significantly added value to the
community

6. ¨ influence further development of telematics

implications for the economic transformation of the
original pattern oriented "Supplier" towards the
"Consumer".

7. ¨ Consumers can easily search and comparison

to get the high quality products and competitive prices

8. ¨ telematics developments also affect the

patterns and functions of government, from the start is
own, develop and operate industrial, turned into policy-
makers, donor regulations, monitoring and driving the
development of the industrial sector.

So, the conclusion of the discussion can be said

Cyberpreneurship efforts conducted through the medium
of the Internet (HTTP) to make a profit

Variety of ways ranging from methods of marketing, use

of technology, and the combination of both that gave
birth to the termterm SEO (Search Engine Optimizer),
Affiliate and Adsense

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ADVANTAGE OF THE INTERNET AS A MEDIUM IS
1. there is no more distance, distance is no longer a
problem.
2. efficient, time and energy less. except when you
are beginning to do business online.

The advantages of the Internet as a medium that is

capable of enhancing the competitiveness of a business.

Reference:
http://creativenouval22.blogspot.com/2012/09/definitionof-
cyberpreneurship.html

What are the areas of Cyberpreneurship?

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How can we describe high-technology industries?
High-technology manufacturing and services are highly
desired economic activities. The high-technology
workforce possesses strong skills and educational
attainment, and is highly paid— upwards of twice as
much as the rest of the workforce.

Conceptually, the definition of high technology industry

is based on five factors: (1) intensity of
science,engineering, and technician occupations, (2)
research and development (R&D) employment, (3)
production of high-technology products, (4) use of high-
technology production methods, and (5) the relationship
between hightechnology industries and productivity
growth.-- U.S. Bureau of Labor Statistics (BLS): “High-
Technology Employment: A NAICSBased Update,”
Monthly Labor Review, July 2005 (author Daniel E.
Hecker)

The following features should be mentioned in defining

hightechnology industries: • high demand for scientific
research and intensity of R&D expenditure, • high level
of innovativeness, • fast diffusion of technological
innovations, • fast process of obsolescence of the
prepared products and technologies, • high level of
employment of scientific and technical personnel, • high
capital expenditure and high rotation level of technical
equipment, replaced by more modern and innovative
devices, • high investment risk and fast process of
the investment devaluation, • intense, strategic
domestic and international cooperation with other
high technology enterprises and scientific and
research centres, • implication of technical knowledge
in the form of numerous patents and licences, •
increasing competition in international trade--
Agnieszka Zakrzewska-Bielawska, 10.84Lodz
University of Technology

What are the types of High-Technology Industries?

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(a) electronic information technology;
(b) aerospace and aeronautical technology;
(c) biological engineering and new medical
technology;
(d) new materials and applied technology;
(e) new energy and high efficient energy
conservation technology;
(f) new environmental technology;
(g) ocean engineering;
(h) advanced manufacturing technology;
(i) nuclear application technology;
(j) modern agricultural technology; and
(k) other new process or new technology applicable
in the traditional industries

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 .

SYNTHESIS / Chapter summary:

GENERALIZATIO
N 1. Identify and expound the concept, principles,
and theories of entrepreneurship.
• Entrepreneurship is the capacity and
willingness to develop, organize and manage a
business venture along with any of its risks to
make a profit.
• Types of Entrepreneurship:
o Small business
entrepreneurship. o Large
company entrepreneurship. o
Scalable startup
entrepreneurship. o Social
entrepreneurship.
o Innovative
entrepreneurship. o Hustler
entrepreneurship. o Imitator
entrepreneurship.
o Researcher
entrepreneurship.

2. Conduct a thorough analysis of Philippine

business landscape and laws protecting SMEs.
• To be able to tap business opportunities in the
evolving digital economy, digital transformation
is key.
• SME leaders that are more aware, dynamic,
digitallyliterate, and generally younger, are
progressively going digital.

3. Identify and categorize different technology-

based enterprise as to cyberpreneurship, and

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 technopreneurship, and high technology industries.
• Cyberpreneurship is a business activity and
business by using improved computer
technology, especially the Internet, in this
business and businesses that are promoted
using electronic brochures, known as the
homepage on the Internet.
• Technopreneurship is a new breed of
entrepreneurship. It involves a coming together
of people who are intelligent,
driven, creative, tech-savvy and passionate and have
an appetite for calculated risk.
 High technology industry is an industry using or
involving advanced methods and the most
modern equipment.

REFERENCES https://www.oberlo.com/blog/what-is-entrepreneurship

https://www.indeed.com/career-advice/career-
development/types-ofentrepreneurship

https://techwireasia.com/2020/01/amid-digital-
disruption-smes-inthe-philippines-are-pushed-to-
transform/

https://rubenlicera.com/842/what-is-
technopreneurship/

http://creativenouval22.blogspot.com/2012/09/definitio
n-ofcyberpreneurship.html

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