GE Elec 2

Technopreneurship
Dr. Winston F. Abalos
UNIT 2

The Foundation
of
ENTREPRENEURSHIP
The Concept of
Entrepreneurship
T h e n a t u re o f e n t re p re n e u r s h i p i m p l i e s s e ve r a l
images and meanings.

Inegbenebor and Igbinomwanhia (2011)

a n e n t re p re n e u r a s a p e r s o n w h o h a s p o s s e s s i o n o f a n
e n t e r p r i s e , o r v e n t u re , a n d a s s u m e s s i g n i fi c a n t
a c c o u n t a b i l i t y fo r t h e i n h e re n t r i s k s a n d t h e o u t c o m e
of the enterprise.
Jones, George and Hills
e n t re p re n e u r s a re i n d i v i d u a l s w h o n o ti c e
o p p o r t u n i ti e s a n d t a ke re s p o n s i b i l i t y f o r m o b i l i z i n g
t h e re s o u rc e s n e c e s s a r y t o p ro d u c e n e w a n d i m p ro v e d
goods and services.
The Role of Entrepreneurship in a Developing
Society

1 4 7
EMPLOYMENT GENERATION ENSURES INCREASED ENCOURAGES AND SUSTAINS
RESOURCE UTILIZATION ECONOMIC DYNAMISM THAT
ENABLES AN ECONOMY TO
ADJUST SUCCESSFULLY IN A
RAPIDLY CHANGINYG GLOBAL
ECONOMY

STIMULATES GROWTH IN

2 PRODUCTIVITY
5 THOSE SECTORS WHICH
SUPPLIES IT WITH INPUTS

8 Enables individuals to
u s e t h e i r p o t e n ti a l a n d
e n e r g i e s t o c re a t e
REINVIGORIES LARGE-

3 6
FACILITATE THE
TRANSFER/ADAPTATION OF SCALE ENTERPRISES AND wealth, independence
TECHNOLOGY PUBLIC ENTERPRISES and status for
t h e m s e l v e s i n s o c i e t y.
Management versus
Entrepreneurship
Management is both an art
and a science. It is an art
because it involves the use
of insti nct. It is a science
because it involves the use
of logic. Both art and science
complement each other.
Managers use the two
effi ciently and eff ecti vely in
order to achieve Management
organizati onal goals.
On the other hand, the
entrepreneurship is
preoccupied not with what is,
but with what can be. They
envision the future, recognise
emerging patt erns, identi fy
untapped opportuniti es and
come up with innovati ons to
exploit those opportuniti es. Entrepreneurship
 Who is an
INTRAPRENEUR?
 An intrapreneur is a
manager, scienti st, or
researcher who works inside
an existi ng organizati on and
Jones, noti ces opportuniti es for
product improvements and is
George and responsible for managing the
Hill (2000) product development
process.
 The meaning of

INTRAPRENEURSHIP
INTRAPRENEURSHIP
Intrapreneurship or corporate
entrepreneurship is the process whereby an
organizati on seeks to expand by exploring
new opportuniti es through new
combinati ons of its existi ng resources.
UNIT 3

THE
CORPORATE
INNOVATION
 Corporate Innovation Philosophy

Set explicit innovation goals

5 IMPORTANT Create a system of feedback and positive reinforcement

PRACTICES FOR Emphasize individual responsibility

ESTABLISHING
INNOVATION- Provide rewards for innovative ideas

DRIVEN Do not punish failures

ORGANIZATION
ENTREPRENEURIAL
ACTIVITES
Exchange Political
Relationship Administration

Management
Technology
Control
DIFFERENCES
BETWEEN THE
ENTREPRENEUR AND
THE OWNER
MANAGER OF A
THE END