Professional Documents
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Technopreneurship Finale
Technopreneurship Finale
SCHOOL OF ENGINEERING
DEPARTMENT OF ELECTRONIC ENGINEERING
REG NO:H220334Z
NAME: PERCY KUDAKWASHE MAWODZA
COURSE: TECHNOPRENEURSHIP 1
LECTURER: Mr Chitumba
DATE:17-08-22
TITLE: TECHNOPRENUER OPPORTUNITIES HIGHLIGHTING ALL THE
MAJOR ASPECTS RELEVANT TO EXPLOIT THE SPECIFIED OPPORTUNITY
OPPORTUNITY REVIEW INDIVIDUALLY
GENERATION OF TELECOMMUNICATIONAL ADVANCEMENT IN THE FORM
OF 5G
The development of this highly efficient and cardinal means of communication has become
of great demand, although it is not easily accessible for a country like Zimbabwe which is in
the upcoming status of attaining a world class recognition. On a higher perspective this gives
us a huge breakthrough as a company set to be the first to be able to broadcast such a high
performing networking system with a single intention of being exceptional all the way out.
RESOURCES REQUIRED
1. CAPITAL
According to Edwin Canaan (1921, p.475), defined capital as amongst merchants,
bankers, and traders, signifies the sum of money which individuals bring to make up
the common stock of a partnership when it is formed.
Of most for a company to be successful it requires a lump sum source of capital to be
able to withhold any initial operations which even involve acquiring a premises or
coaxial cables or fibre optics which needs liquidity for it to be performed.
As a way to acquire capital to run the initial proceedings for our venture the most
appropriate sources are as follows:
1. Partnership and investors
The interested partners and investors are of great concern as they would now have a
percentage of shares to our company, hence there is need of showcasing how the
introduction of 5G would even make them more money at the same time making us
also rich and successful which is generally the goal.
In order to achieve their interest a clear proposal should be made outlining all the
possible benefits in the upcoming years of joining our venture to achieve a 5G status
nationally with time also advancing to globally.
After agreeing to the terms and share percentages, a certified documentation is
required to formalise the investment agreement with the approved amount they would
have added to our upcoming empire.
2. PREMISES
For our company’s day to day venture it needs an operational command centre,
required to take control of the various boosters and routers we would have installed at
various points throughout the country.
As we work to install each router and boosters for our 5G transmission there has to be
a clear ground at a relatively sufficient distance away from obstacles.
These obstacles which might include trees, buildings or any high object might
interfere our transmission of waves.
As a way to tackle this we have to contact real estates for either an open ground or
maybe a hilltop for even much better transmission.
3 COMPANY REGISTRATION
After acquiring all the required capacities to start our venture we the head of to the
company registration general’s office with the proper documentation.
The nature of interest of the company is of great priority, reflecting if it is going to be
a community interest company (CIC), limited liability partnership (LLP), private
company limited by shares (Ltd) or even a public limited company (PLC).
As for our company we are going to run under a private company limited by shares
holding full limited liability on its members, having at least one director and one
shareholder (HTTP
4 ADVERTISEMENT SERVICES
For our company’s name to spread throughout the nation a good advertisement
approach should be made.
This can be attained by using various means which include:
1. Newspaper advertisement likes of NEWSDAY, THE HERALD, SUNDAY MAIL,
etc.
2. Billboards and other form of electric boards with the help of advertisement
companies like Blue vision digital marketing company in Zimbabwe,
3. Flyer distribution
5 BRANDING OF COMPANY
On the uppermost crucial necessity for a good marketing strategy survey is the part of
branding our company.
A company’s name should be made considering it as an upcoming empire with the
only intention of running for a very long period of time.
In order to build a good reputation there has to be a survey as a means of also market
researching based on customer feedback as this is a way of having not to lose the
interests of certain customers.
CAPABILITIES REQUIRED
1 EXPERTISE IN FINANCE
There is a general crucial need of financial auditors and risk managers on a multi
diversified enterprise to be able to have knowledge of the basic flow of the everyday
liquidity transactions.
The auditing is of great advantage as it assures less chances of fraud, theft of even up
to a minimum of 1 cent as every amount is of great use for the uplift of the business.
2 EXPERTISE LABOURERS
3 MARKET RESEARCH
As a company with the zeal for expansion been able to identify where we would get
the most from our project would help us not waste resources.
A lot of research has to be done with the help of risk managers and auditors who
would have knowledge on where we would get a larger profit at the end of a financial
year.
Inbound marketing would be the most significant as it works for businesses of any
size and type, with this it would surely work for us as we are company just entering
the 5G industry.
As a means to attract people a good name should be highly crucial as it is the name
we as a company are going to use to influence certain investors to venture with us.
For a good motor vehicle company, it should have a good logo design which would
make it highly exceptional in the industry.
With that taken into consideration a highly recommended graphical designer is
required for that task and the logo design should have a message behind it.
For our prototype blueprints with the electrical motor engineering knowledge within
me with an extra help from mechanical engineers, it is possible to design an electric
high efficient vehicle running with a series of motor dynamos for auto charging uses.
2. CAPITAL
According to Max Weber (1968, vol. 1, p.94), he defined capital as the money value
of the means of profit making available to the enterprise at the balancing of the books.
The hybrid motor development industry is a highly costly industry which needs great
funding in order for it to be successful.
For us to be able to acquire such large amounts of money a huge influential financial
proposal outlining the vision behind our company should be made.
This proposal shall be used to attract investors and business partners and if we are
able to convince them, written documentation is put forward agreeing on the
respective conditions suggested.
The liquidity capital can also be generated from a successful application to a
commercial investment bank which would lend us money with the hope of returning
with an added up interest.
3. COMPANY REGISTRATION
VERIFICATION APPROVAL OF
APPLICATION DOCUMENT REGISTRATION
AND NAME COMPANY
SUBMISSION PREPARATION COMPLETE
SEARCH PAPERS
For our company to be able to hold its operations in the industry it has to go through a
procedure of registration at the Zimbabwe company’s registration facilities.
Proper documentation has to be submitted including ZIMRA (Zimbabwe Revenue
Authority) certificates, which provide evidence that we are a legalised company with
proper development motives.
Our company has to be registered as a public limited company widely known as a
(PLC) with an intention to sell shares to the public so as to raise capital by shares
been bought.
For it to run it must have a specified share capital and makes return to Companies
House stating that if it has raised the minimum share capital and has its trading
certificate.
4 MARKET RESEARCH
To be able to achieve maximum profits, a good marketing strategy is of great concern.
A good marketing strategy means been able to have a large insight on the certain
areas where there is demand, availability of raw materials or even reliable banking
services.
As our product is generally expensive we have to aim to get more sells from the urban
areas hence the headquarters has to be located in central business district of Harare.
Content marketing should be considered as it would greatly regulate us on the buying
behaviour having to lead the business on the right kind of markets to engage into.
It also draws more focus on the selling perspective rather than buying in order to
achieve brand visibility.
CAPABILITIES REQUIRED
1. EXPERTISE IN THE ELECTRONIC ENGINEERING FIELD
As the electric motor engine production requires sophisticated machinery in order for
it to run as desired, it also requires skilled engineers with knowledge of how dynamos
operate.
Our car will function under a power utility sourced from the motion which it holds
after covering a certain distance hence with this, engineers with exceptional
knowledge are required.
2. EXPERTISE IN FINANCE
Financial auditors and accountants are of great use on a company which undertakes
numerous transactions on a daily base as they will be able to follow up on the
liquidity of the business.
They come with an added advantage of having to make approximations on how much
we intend to make at the end of a financial year which might be a profit or loss.
This gives us room on rectification methods to encounter such cases of financial
losses as we are bound to expect them.
3. WORK BASED MORALE BOOSTING
Workmanship career guidance to improve skills in respective departments should be
initiated regularly for the company to be able to possess employees with an even
better vision for how to make our product even much better.
The morale of the employees has to be maintained with satisfactory working
conditions which are obtainable with fair wages and working hours.
The introduction of robotics in our society has come with such crucial benefits of
even providing more efficient bionic body parts as a means of replacement if one gets
involved in an accident. It is a great breakthrough opportunity for technopreneurs as
people are now getting involved in the robotics industry and the markets are on hike
from a large demand worldwide. Our company will therefore engage in this industry
aiming for the consumers attention with efficient drones and bionic body parts to
satisfy their needs.
RESOURCES REQUIRED
1. CAPITAL
CROWD
FUNDING
VENTURE
FUNDRAISERS CAPITAL CAPITALISTS
PARTNERS &
INVESTORS
For our company to be able to start producing the sophisticated bionic technology,
initial liquidity is required which can be sourced in various ways.
These may include fundraising initiatives, partnership and investors, crowd funding,
e.t.c.
Our company will engage in the major fundraising programs by hosting business
related conferences or even fundraising marathons which will make us attain initial
money to start our operations.
CROWDFUNDING
2. MARKETING STRATEGIES
CONTENT
MARKETING
REFERRAL
PROGRAMS
In order to attain great profits our company is going to engage into one of the most
effective B2B marketing strategy with a common name known as inbound marketing.
It is considered the most effective as it rather gets its motives to attract and delight
customers at the highest possible level.
It is more relevant as it tends to advertise by messaging rather than the annoying
popup advertisements which are considered to annoy customers away from our
product.
3. COMPANY REGISTRATION
As our company is going to run under a private company limited by shares it has to
confer limited liability on its shareholders.
With the acknowledgement of all the shareholders the registration process takes place
with submission of application and payment done.
As the verification and name search process is completed the board members come to
a decision of signing the official documentation to allow us to be traders in the nation.
Upon succeeding in all the documentation and certification we will now be mutually
traders in the electric vehicle industry.
4. PREMISES
As the production of vehicles needs heavy machinery which take up a lot of space
hence a large convenient working environment is required.
The premises should be able to abide by the regulations initiated by the government
and also the Environmental Management Agency (EMA).
Our premises shall be well ventilated in order to accommodate for the COVID-19
pandemic as a control measure with social distancing.
In terms of location they have to be near our market and where raw materials are
readily available to cut expenditure on the transport costs.
5. BRANDING
In order to create a good reputation and brand image, branding has to be highly
considered for customers to be fully satisfied with our product.
In a recent study (A Alizedah et al. 2004 p. 417) concluded that to the buyer, brands
serve to identify the sources of the product, assign responsibility to the product maker,
reduce risk and search-cost, signal a promise with the seller or producer and
symbolize the product’s quality
To achieve the main goal a successful brand has a name, symbol, or design which
recognises the product of an organization as having sustainable competitive
advantage.
Our company shall install a corporate branding to our products as a means to maintain
and create a favourable image and also a favourable reputation.
CAPABILITIES REQUIRED
EQUITY
FINANCING
VENTURE
CAPITAL
The company is going to source its capital from a process of venture capitalisation
which is becoming very elusive.
According to (Rieva lesonsky,2007 page 10,6) venture capital was referred to as an
institutional venture capital firm that invest in other people’s money and manage it for
them; venture capitalists typically seek a high degree of involvement and expect a
high rate of return in a short time; venture capitalists look for an idea that is well-
formulated, well-documented and well-protect.
In order to get access to these investors there is need of a strong management which
might have a track record of success and experience or they are showcasing potential.
A marketing potential will also influence the investors as a franchise is better than a
company which is only local.
CAPABILITIES
In the capabilities architecture (Beimborn et al 2005) which are the abilities within a
firm which can be linked together as business processes in order to enable a specific
purpose outcome.
As a company based on the engineering sector it will require special skills from the
various engineers who are able to think critically and reflectively.
The employees should be versatile/ability to innovate and work in varied
environments as this would help to have workers who are capable to work even in the
not so pleasant places when installing the panels.
FINACIAL MATHEMATICIANS AND AUDITORS
The financial mathematicians and auditors are of most great concern as they are
responsible for discovering errors and fraud in our business within the corporate
documents to make sure our company’s financial statements are correct.
This would help our company to attain maximum profits at the end of a financial
period.
PREMISES
As our company is a more industrial company it has to be located where the major
requirements have to be sourced.
The Building’s Infrastructure older buildings do not have the necessary infrastructure
to support the high-tech needs of contemporary operations of the company
Making sure the building you choose has adequate electrical, air conditioning and
telecommunications service to meet the present and future needs would surely create a
sustainable working space (Rieva Lesonsky, 2007 page 19.9)
RESOURCES REQUIRED
1 MARKETING STRATEGIES
Cash-flow problems are some of the most common difficulties small businesses
encounter, and they are usually the first signs of serious financial trouble ahead (Rieva
lesonsky 2007 page 22.4)
Companies can reside to various strategies to exploit the cases of improper cashflows:
GLOBAL STRATEGY
MULTIDOMESTIC
STRATEGY
TRANSNATIONAL STRATEGY
Our company will get involved in the multinational or multidomestic strategy which
( Barlett and Gorshal 2004) is a strategy in which strategic and operational decisions
are decentralized to the strategic business unit in each country so as to allow that unit
to adapt products to the local market;
It would help the company as it would establish it as a franchise which is far much
better than just been local to be able to expand or brand.
2 BRANDING
As it is a top management priority it is considered to be a way to add value to the
product as they tend to embrace the activities of a business.
As a branding strategy corporate branding would impose a large impact to the
exposure of our company to numerous customers.
Balmer and Gray (2014) defined it as a systematically planned and implemented
process of creating and maintaining a favourable image and consequently a
favourable reputation for the company as a whole by sending signals to all
stakeholders and by managing behaviour, communication, and symbolism
This would surely help us to provide a reputation in which customers will recognise
on the various activities the company is involved in.
CAPITAL AND CAPABILITIES REQUIRED
As a source of initial money the financial mathematicians will undertake a survey to
check the most appropriate marketing model and data analysis for the best capital
source.
The financial mathematicians will require the help of financial auditors to go through
the everyday analysis on the corporate documents to discover errors and fraud .
Another top capability is for a smooth deliverance of orders from the customers with
the best transportation and best installers.
To insure excellence in the installation process experienced electronic and robotics
engineers will be required as we would not allow any room for failure of cyber
security ware.
REFERRENCES
1. Edwin Canaan (1921, page 475), in 1751 in Postlethwayl’s Influential University
Dictionary of Trade and Commerce.
2. Weber (1968, Vol 1 page 91), Economy and Society.
3. Article (2004 page 417) Design and Formulation of Branding Strategy Selection
Model in Organizations A. Alizedah, A Moshabaki ,Seyyed H , Kh Hoseini.
4. A Moshabhaki (page 418 international study journal of academic research Vol 6
NOV 2004)
5. Lieberman, Marvin (1984), The learning curve and pricing the Chemical
processing Industries, RAND journal of economics,15(2),213-228.
6. Rieva lesonsky (Entrepreneur Magazine 2007 page 10.6,19.9;22.4)
7. Beimborn, D. Martin S. F,Homann U. 2005.Capanility Oriented Modelling of the
firm. IPSI Conference.
8. Finance Department HTTPS;//www.hiring.monster.com
9. Barlett and Ghoshal (Barlett, Ghoshal and Birkinshaw,2004; 1998)
10. Balmer and Gray (page 418 international journal of academic research Vol 6 NOV
2014)