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

An individual in organizations with high entrepreneurial characteristics

Technopreneurship can be define as

(Choose three (3) correct answer)

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

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

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

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

Knowing and Leveraging your Strengths

(Choose two (2) answers)

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

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

A technopreneur can be considered as a person that is able to do many things at once, but chooses to delegate.

A successful entrepreneur is motivated by personal and family considerations.

Concept-testing is one of the essential stages in a entrepreneurial process.

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.

The development of technopreneurship in India begun with innovation in the field of information technology.

The process of identifying, evaluating, and selecting business opportunities involves screening potential employees.

The two approaches that can be used in scanning the environment are micro and macro perspectives.

'Wants' refer to basic human requirement to live, and 'needs' refer to personal desire for something more.

Self-evaluation is important to see to ensure that one has the experience, knowledge, skills, financial ability, interest and networking to succeed in a given business opportunity.

Capital is required to invest on fixed assets (land, building machine and equipment) and working capital.

Transferable risks refer to risks that can and cannot be transferred to another individual.

The final phase where an entrepreneur will transform an idea into reality is called incubation.

Creativity is a mental process involving the generation of new ideas or concepts, or new associations between existing ideas or concepts.

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

Paradigm innovation refers to changes in the context in which the products/services are introduced.

Extension is the combination of existing concepts and factors into a new formulation or use.

It is very important for an entrepreneur to control the cost in order to break even.

Primary agriculture is not one of the sectors classified under SMEs.

SMEs do not play a crucial role in contributing to the prosperity of big and multinational corporations.

It in important to develop a group of small and medium enterprises in one specific industry only, towards achieving sustainable economic growth.

Interpersonal skill is an important skill to entrepreneurs because it is a hard skill.

Middle-level managers are the link between top managers and the lower-level managers.

Solving other's problems alone will provide an entrepreneur with all the opportunities to be successful.

An entrepreneur should also be able to identify if there’s really a need for that kind of business or an opportunity for it in the market.

An entrepreneur could and should never be discouraged with obstacles and challenges

As entrepreneur, you have to make the people believe in you. And you will not be able to do it if you do not believe in yourself.

As entrepreneur, you have to learn how to speak in a way that people will connect with you and understand the purpose of your business existence

As an entrepreneur, you should always equip yourself with the current trend and always be aware of what’s happening around you.

Refers to the study of how and what rate does new ideas or technology spread in the economy.

Refers to the person that risks on getting into a new venture

Technology introduces something new every 5 to 10 years and as an entrepreneur, we have to make sure to always be on the look out to see if it’s something worth adapting for.

Which of the following 4-step process of thinking initiate the creation of a prototype?

Which is not true about Technopreneurship

Which of the following Importance of Technopreneurship is best explain by the use of social media platform such as Facebook, Tiktok and Instagram.

The creative process where designers generate ideas in session.

The process of updating or upgrading something that already exists.

The creation of something new

These types of innovation are focused on more customer-facing elements of an enterprise and its business system

An ideation technique where ideas come to your mind by physically experiencing a situation resembling your problem, using people, props, or a digital prototype

An ideation technique where you generate ideas in one session. The ideas will be verbally stated during the group session

Identify which of the following External Market powers manifest in this statement.

The location of the new Branch of Jollibee at San Anton Guagua is strategic since it was situated in between a market and a hospital surrounded by its direct and indirect competitors.

Identify which of the following External Market powers manifest in this statement.

The Bangko Sentral ng Pilipinas mandates all restaurants and convenient stores to include QR PH as cashless payment options on their transaction settlement. This is done using a Mobile Banking App.

Identify which of the following External Market powers manifest in this statement.

The Supermarket Industry sales continue to experience a decline on sales due to inflation and high freight cause by Oil price Hike.

Identify which of the following External Market powers manifest in this statement.

The Restaurant Industry continue to experience sales growth from March to April 2022 due to ease of restriction mandated by the Inter-Agency Task Force.

Identify which of the following External Market powers manifest in this statement.

Businesses along Pandan Road Angeles continue to cease their operation cause by heavy traffic along the area and flooding during rainy season.

Identify which of the following External Market powers manifest in this statement.

The continuous opening and ease of restriction among industry resulted to growth on the country GDP and creates employment among Filipinos. This resulted to increase in purchasing power and pent-up demand for some industry.

Statement 1: Focus on strength and weaknesses that determine the relative success of market participants

Statement 2: Opportunities are trends and events that creates negative impact towards a business organization.

Statement 1: In Making an objective first things first is it should be Specific

Statement 2: Objectives to become feasible should be both realistic and attainable

Statement 1: Burger King direct Competitors includes Shakeys, Pizza Hut and Greenwich

Statement 2: Game plan is a day to day strategic plans that enables business to met their targets

Statement 1: Objective in general should be define as SMART.

Statement 2: Computers, Printers and photocopiers are examples of Human Capital

Statement 1: Strategic tasks is crucial to building a successful business

Statement 2: developing a strategic objectives is crucial to creating a sustainable competitive advantage.

Which of the following aspect in Building competitive advantage refers to the service scape or added service on top of product being offered.

Which of the following aspect in building competitive advantage refers to the promotional activities and distribution channels.

Statement 1: One of the advantages of Analyzing competitors is the improvement on reaction time to competitors action

Statement 2: Part of analyzing competitors is to regularly debrief sales representative and purchasing agents.

Antonio established a Water Refilling Station situated in a crowded area inside a Resettlement area. However during rainy season the area where the business is situated is not passable due to flood and other debris. Which deadly mistakes of entrepreneurship best describe the situation?

Celia sells Corndog at Mangan Tamu Food Court inside Clark Freeport Zone, she strives to earn a profit however her variable cost and fixed cost is already compromise due to her incorrect cost based pricing strategy applied in the particular product. Which deadly mistake is manifested in this scenario?

Uprice Fast Food had their Grand Opening last March 15, 2022 unfortunately the number of customer forecasted during the opening was not met. Most of the customer around the area does not aware that the business is operational already. No Pre-approach signage, banners and streamer installed to hype awareness. Which deadly mistake is shown in this scenario?

Byron Foodstuff seek for more investment this year however most of the investors decline their offer. After analyzing their Financial Statement the company growth are as follows 2019 (-1.25%) 2020 ( + 10.38%) 2021 ( + 6.42%).

Which Deadly mistake is encountered in this problem?

Mr. Chan the owner of ChanGioc Supermarket experience consistent sales losses for the month of February 2022 during the first 3 weeks of the business operation. After conducting business evaluation he found out that merchandise where not properly monitored and account during delivery and display. Which of the following deadly mistake is seen in this problem?

Josh Mojica, a 17-year old teenager started his Kangkong Chips Business last May 2021. After 2 months his business were able to sell 1500-2000 bags of Kangkong Chips. His capital is amounting to 3,000 pesos only. Which cultural diversity of entrepreneurship best describe Josh Mojica journey?

Yokohama Tire Philippines Inc. and Korean Restaurant situated along Angeles City and Clark are owned by Japanese and Native Korean. Which cultural diversity of Entrepreneurship manifested in this example?

Statement 1: Entrepreneur aims to become self employed to get away from a routine jobs.

Statement 2: Entrepreneur always after the exit value of the company instead of a steady income