BLHC 4052 TEKNOLOGI KEUSAHAWANAN

Lecture 1: The Technopreneur Perspective and Motivation

Micropreneurs
Not every person who starts a business has the mission of making a lot of money and growing it to a worldworld-class business. Some just want a simple balanced lifelifestyle while doing the kind of work they enjoy doing. Business writer Michael LeBoeuf calls such business owners 2 Micropreneurs Micropreneurs

Micropreneurs
While entrepreneurs are committed to the quest for growth, micropreneurs know they can be happy even if their companies never appear on the list of top ranked businesses. Many micropreneurs are small homehome-based business owners who are trying to combine career and family.

Entrepreneurship
An Entrepreneurship is a business that is started and led by the Entrepreneur, the leader/champion with certain qualities and characteristics most managers may not possess.
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Entrepreneurship The Entrepreneur must be a real good Leader, and not only a good manager

Intrapreneur
In 1978, management consultant, Gifford Pinchot, invented the word Intrapreneur to refer to an intraintra-corporate entrepreneur while he was attending The School for Entrepreneurs in Tarrytown, New York.
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Intrapreneur
A person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk taking and innovation.
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Intrapreneurship
Intrapreneurship is the process by which individuals pursue a new business opportunity (or by setting up intraprises) intraprises) from within an existing company, with resources of that company. It uses the advantages of both small and big scale business. In board sense, intrapreneurship refers to all kinds of forms of semi-autonomy and semisemisemi-responsibility within corporations.

Intrapreneurship
Advantages to the corporation To remain competitive, companies have to accelerate their innovation process. In companies where researches, production people and marketeers are large, innovation may be at risk. Intrapreneurship is a good way of integrating these activities, reducing innovation costs and broadening the 9 scope of innovation.

Intrapreneurship
Advantages to the employees Intapreneuring is an excellent opportunity for creative employees with entrepreneurial spirit, management qualities, and a sense of belonging to their company. If companies dont want to loose these highhigh-potentials, they have to provide them with necessary resources and 10 room for maneuver.

Intrapreneurship
You dont have to leave your company to fulfill your entrepreneurial dream. If you have the great entrepreneurial qualities and spirit to convince your company to endorse you as their intrapreneur, intrapreneur, you need not leave them.
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What is Technopreneurship? Technopreneurship?

Entrepreneur who uses technology to be involved in business activities. From the word Technology Technology + = Technopreneur Technopreneur Entrepreneur Entrepreneur

Technopreneur
Technopreneur is coined just a Technopreneur couple of years back to refer to Technology Entrepreneur. Entrepreneur. This term appears to be most actively used in Singapore, and to some extent also in Malaysia and Thailand.
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Technopreneur
Technopreneurs are the ones who identify the problems and capitalized on the opportunity. A Technopreneur has two major characteristics:
1. 2.

He does things NOT out of profits but because he wants to innovate. He is comfortable working with, or, using technology.
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Do you Have The Technopreneurial Traits?

Do you think is there better way of doing something that everyone takes for granted? Would you push the limits for delivering that perfect solution? Can you afford the risk of making changes to a system that only you think has flaws? Do you get frustrated and angry when things are not the way you think they should be?
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Answer
If Your answer is Yes for all the questions,
You have technopreneurial traits

Because :
You are not motivated by profit alone, and Comfortable with technology
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The Importance of Technopreneurship in National Development

A key ingredient and resource to value add in any economy/ country. Technology and Entrepreneurship manages scarcity in resources.
For example labor and capital

Globalization requires increasing competitiveness. Employment and jobs.

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Technopreneur & Entrepreneur

TECHNOPRENEUR = Today + Future = Vision ENTREPRENEUR = Product + Market = Profits Michael Dell = Entrepreneur Bill Gates = Technopreneur
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Understand the Needs of The Technopreneur

IPO : Initial Public Offering;

M&A :mergers& acquisitions

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The Needs of Each Stage

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Leadership Roles
Creating vision, direction, goals Communicating with followers Motivating and empowering Affirming/reaffirming values Aligning people achieving workable unity Serving as a symbol Management of thrust Management of Self
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Comparison Between an Entrepreneur and a Technopreneur

ENTREPRENEUR
Likes to compete SelfSelf-starter Able to do many things at once Is creative, and has dreams and goals Likes to work for him/herself and be in control

TECHNOPRENEUR
Likes to innovate Part of a team Able to do many things at once, but chooses to delegate Is innovative and has a grater vision Likes to be the one to control innovation and be part of an evolution Is motivated by a strong vision and his passion to innovate Take failure in stride and knows it will lead to success if correction can be made
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Is motivated by a strong desire to achieve and attain financial success Focuses his/her attention on the chances of success rather than the possibility of failure

Similarities Between an Entrepreneur and a Technopreneur

Able to determine risk and has the courage to take risks but not gambler Independent and self-confident, yet knows when selfto get help Like challenges Hardworking and willing to stick with a project Not easily discouraged Good health, has lots of energy and can handle stress Has a strong sense of self-worth self+ve thinker who does not dwell on setbacks Often has a close friend or relative who owns a business 23

External Factors to be Considered by Businesses

The product and services offered has to be cost effective and competitive. Demand for the product or service must be strong. Do not rely on a single major customer. You must be able to draw on adequate resources: financial, material and human.
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We have a lot of Incentives, Really

GRANTS* : Commercialization of R&D Fund (CRDF) Cradle Investment Programme (managed by Malaysia Venture Capital Management Bhd) Bhd) Demonstrator Application Grant Scheme (DAGS) E-Manufacturing Grant Engineering Design Grant Industry R&D Grant Scheme (IGS) Intensification of Research in Priority Areas (IRPA) Market Development Grant (MDG) Multimedia Super Corridor Research and Development Grant Scheme (MGS) RosettaNet Grant Technology Acquisition Fund (TAF) Technology Acquisition Fund for Women (TAFW)
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Malaysian Technopreneurship : Opportunities & Challenges in a Changing Business Landscape.

*Source : Technopreneur Development Division, MDeC

A Lot of Organizations to Assist too

Organizations that are there to help:
MDeC : Grants, Referrals, etc. PDC, InvestPenang Umbrella Groups PAC, SCoPe, RFID : Business networking, SCoPe, etc. PSDC, MATDEC, Disted, MMU, etc. : Disted, Skills Training, Incubation, Joint R&D MIDA, MATRADE, etc. : Exemptions, subsidies. FMM, SMIDEC, etc. : Industry networking, subsidies. Microsoft, IBM, etc. : Technical/Marketing/Certification Initiatives 26