Technopreneurship Midterm Exam

A person who identifies an opportunity, converts it into a product or service, estimates earnings and profit and builds a successful business with it

• Technopreneurship

• Entrepreneur

• Intrapreneurship

• Technology

It starts out with nothing but an ‘ He defies existing practices and systems and thinks of doing things differently

• Technopreneurship

• Entrepreneur

• Intrapreneurship

• Technology

An individual in organizations with high entrepreneurial characteristics

• Technopreneurship

• Entrepreneur

• Intrapreneurship

• Technology

Technopreneurship can be define as

(Choose three (3) correct answer)

• Integration of Technology, Innovation and

  Entrepreneurship

• Discovering Gaps and Areas of Need in the Environment

• Act of turning “something” into a resource of high value by converting good ideas into business ventures that relies heavily on the application of human knowledge for practical purposes.

• Firms in which technology plays a critical role in their

  operations.

• Understanding your Strengths and Leveraging Them

can be presented as a business or marketing statement that a company uses to summarize why a consumer should buy a product or use a service

This is the optimal use of services to create a well structural, stable, routine in product in high quantities, quality and at low cost In this world of advance technology

• Efficiency

• Flexibility

• Adaptability

• Competition

The process of trying to do better than others In the world today, people and organizations face a common global problem which is the need to improve in performance so as to adapt to the fast paced global changes People

• Efficiency

• Flexibility

• Adaptability

• Competition

This is the ability of an organization to react to unexpected emergencies quickly while still maintaining it’s routine

• Efficiency

• Flexibility

• Adaptability

• Competition

It requires looking for new technologies, ideas and methods that may improve or completely change a process routine to match the demands of the technological world

• Efficiency

• Flexibility

• Adaptability

• Competition

Knowing and Leveraging your Strengths

(Choose two (2) answers)

• Define your Market

• What comes to you Naturally

• Areas you can Leverage in a Synergy

• Create Top of Mind Awareness

• Always Distinguish Between Risk and Uncertainty