ADDAMAG, ERIC B.

Bachelor of Science in Agriculture

Third Year College major in Crop Science
School Year: 2021-2022
Subject: Technology entrepreneurship

ACTIVITY 03

1. How technology can enhance economic growth and information.

- Technology fosters innovation, creates jobs, and boost long term economic prosperity.

2. Answer

Technology used/ experienced How it made your life simpler

Smartphone - They have made it easier for us to
communicate.
Washing Machine - Washing became more convenient.
ATM machines - Convenient to manage a bank account
holders funds.
Hand tractor - Hasten land preparation
Computers - Increase productivity and can stored vast
amounts of information and reduce waste.

ACTIVITY 04

Q1. What does Techne and Logos means?

- Tekhne, or techne, is derived from the Greek term Techne. “Techne” means art, skill craft,
or the way, manner, or means by which a thing is gained while “Logos” means word, the
utterance by which inward thought is expressed, a saying, or an expression.

Q2. How this does translate in Technopreneurs? Give an example of a product that is a product of
Techne and Logos.

- Examples include carpentry, sculpting and medicine.

ADDAMAG, ERIC B.
Bachelor of Science in Agriculture
Third Year College major in Crop Science
School Year: 2021-2022
Subject: Technology entrepreneurship

ACTIVITY 03

Q1. Would you choose to buy an existing business or franchise?

- Yes, franchising or buying an existing business can simplify the initial planning process. Know
the difference between franchising and buying a business. The main difference of between
franchising and buying an existing business is the level of control you’ll have over your
business. Franchising gives you more guidance but less control while buying existing
business gives you more control but less guidance.

Q2. Prepare a list of potential candidates

a) McDonalds
b) Master Siomai (Food Cart)
c) 7 eleven
d) Dunkin’ Donuts
e) Potato Corner

Q3. Investigate all candidates’ problems and benefits and list them down below.

PROBLEMS BENEFITS
- More guidance but less control - Franchise organization eliminate a great
deal of the risk that most small business
owners face, since franchises come with
financing options, building and training
assistance, marketing assistance and
detailed methodologies that have been
proven successful on the front line for
years.
- McDonalds Employee Benefits are job
training, employee discounts, tuition
assistance, and reduced or flexible
hours.
- Kitchen Maintenance
- Internal Strategic Factors
- Finding labor and some of the things
have learned is that the system is
pretty complicated to learn
- Kitchen Maintenance
- Always have the perfect location
- Low start-up costs, free advertising and
a chance to experiment with a new
menu
- Provides a fully stocked, turnkey
operation
- Provides bookkeeping
- Pays 50% of the electricity
- Obtains and bears the cost of the major
store equipment’s and shares in store’s
gross profits
- Support system for running the
franchise to ensure adherence to the
business model
- Recognizable brand and established
customer base
- Highly appealing menus
- Recognized brand or trademark that
can guarantee you with success
- High success rate due to its business
model rather than starting from scratch