Chapter 1

Overview and Evolution of Entrepreneurship

Nurrul Atikah Binti Mohd Fatmi Shah (CP170051)
Introduction 01
The symbol of business tenacity and
achievement (Kuratko,2016)

Sense of recognizing opportunity, their

02 passion and drive creativity and
innovation and capacity for excellence

Creating a new or renewing an existing

03 business entity and using it to
generate economic
 Definitions
Entrepreneurship Intrapreneur
A person who organizes, Individuals in organizations
operates and assumes which have high entrepreneurial
characteristics who practice their
the risk for a business ideas on the company’s products
venture for a profitable or where individuals believes in his
non-profitable outcome or her talent and ability
Technopreneur
An entrepreneur whose business
involves high technology which is
internet’s potential in developing,
deploying and delivery services and
solutions for new business models,
revenues and economic growth
Similarities between Entrepreneurship &
Technopreneurship
Robust, very energetic and can handle
04 stress has a strong sense of self-worth
Able to determine risk and has the
01 courage to take risks
A positive thinker who does not dwell on
05 setbacks
Independent and self-confident, yet
02 knows when to get help

Often has a close friend or relative who

06 owns a business
Likes a challenge, hardworking and
03 tenacious also not easily discouraged
Differences between Entrepreneurship &
Intrapreneurship
Environment
Skills and
experience

Failures
and Resource
Acquisition
mistakes

Risk Decision
Acceptance
making

Attitude
towards
status
Differences between Entrepreneurship &
Intrapreneurship

Skills and Experience

Has the same skills as an entrepreneur
Entrepreneur More freedom to exploit their skills Intrapreneur
but sill need company's policies

Environment
To face micro and macro activities such To face micro and macroenviroments
Entrepreneur Intrapreneur
as government and competitors plus corporate environments

Resource Acquisition
Gets all resources from a variety of Gets resources provided by the company
Entrepreneur Intrapreneur
suppliers such as financial institutions only

Failures and Mistakes

Held accountable for all mistakes made Sheltered by the company each time
Entrepreneur Intrapreneur
by the company he/she makes a mistake
Differences between Entrepreneurship &
Intrapreneurship

Decision-Making
Can make decisions without having to
All decisions referred to the
Entrepreneur ask and choose not to accept any Intrapreneur
company’s top management
concession from any party

Risk Acceptance Willing to accept a medium level of

Accepts a medium level of risk but
Entrepreneur Intrapreneur risk but in some cases is willing to
always prioritizes the reputation
regard his/her job as collateral

Attitude
Perceives that the corporate symbol is Willing to sacrifice status in order to
Entrepreneur Intrapreneur
of utmost importance succeed
Differences between Entrepreneurship &
Technopreneurship
Entrepreneurship
* Like to compete
* A pioneer
* Able to do many things at
once
* Likes to work for
him/herself and be in control
* Motivated by a strong
desire to achieve and attain
financial success
* Focuses his/her attention
on the chances of success
rather than possibility of
failure
Technopreneurship
if corrections can be made
knows it will lead to success
* Takes failure in stride and
innovate
vision and the passion to
* Motivated by a strong
be part of an evolution
* To control innovation and
greater vision
* Innovative and has a
once but chooses to delegate
* Able to do many things at
* Part of a team
* Likes to innovate
 Characteristics of successful
Motivated by personal
and family consideration
Many people are
motivated by the
flexibility and life goals in
store for them if they
own a small business
Entrepreneurs
React quickly to
change
Entrepreneurs have to
react quickly and
effectively to change to
Desire for independence Dedicated to their
and a string sense initiative take advantage of businesses
opportunities and deal
Entrepreneurs desire They have invested time,
with threats
independence and have a
energy and emotion into
sense of initiative that makes
them want to manipulate their their business that they
own abilities to the greatest want to be sure of
extent possible
success
 Differentiation of Entrepreneurial and
Technopreneurial Processes
Idea generation, idea screening,
a. Observing trends Identifies and concept testing, business
analysis, prototyping, test
b. Solving problems acquires the
marketing commercialization
c. Finding gaps in financial, human and also monitoring and evaluation
the marketplace capital resource

Opportunity Business Gathering Scaling and

Implementation
Analysis Planning Resources harvesting

Starts to plan his Operates the

business based on business and utilizes
the identified the resources to
opportunity achieve its goals
An overview of
Technopreneurship Development
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Technopreneurship Technopreneurship National Incubator

01 Development in Asia 02 Development in 03 Network in Malaysia
Malaysia
a. Spawning a critical mass of SMEs
Taiwan, South Korea and Kulim Technology Park
b. Nurturing potential world-class
Singapore classified as companies Corporation Sdn Bhd
developing countries to c. Creating the nucleus for the physical (ICT/Multimedia/Bio-
rollout technology) KHTP Business
advanced economy on d. Spurring the growth of a venture center, Kulim Hi-Tech Park
technology industry capital industry