Entrepreneurs and Technopreneurs

According to Pinchot (1985), intrapreneurs can be defined as individuals in organizations with high entrepreneurial characteristics.

• True

• False

Schumpeter (1934) defines entrepreneurship as activities that produce beneficial results through developing profit-oriented businesses.

• True

• False

Both entrepreneur and technopreneur are able to determine risks and have the courage to gamble in taking risks, but are not gamblers by nature

• True

• False

If an entrepreneur makes a mistake, he can hide behind the name of his company.

• True

• False

Start-up companies can be defined as entities that have been incorporated within the past one year, and have ideas or concepts that require funds for proof of concept and/or prototyping.

• True

• False

Product innovation refers to the changes in the products/services which an organization offers.

• True

• False

Which of the statements below best describes what an idea is?

• It has no impact to society

• It is a result of product refinement

• It is validated by customers

It is characterized with just enough features to satisfy early customers, and to provide feedback for future development.

• Sustaining Technology

• Minimum Viable Product

• Idea

They focus on a company's assets, talents and abilities, and they find ways to use those in the marketplace.

• Innovators

• Causal thinkers

• Effectual thinkers

Individuals who see a new technology development and understand how it can be applied to meet a market need.

• technology developers

• causal thinkers

• innovators