According to Engr. Diosdado Banatao, “Innovation is more important than invention. Innovation implies _____________.”

“Innovation is everyones responsibility, not just R&Ds” says who?

It is the process of combining Engineering Skillset with Entrepreneurial Mindset in order to create value to its customer as well as the stakeholders.

Not all small, new and self-owned businesses are entrepreneurial. There MUST be the element of _____________ in their PRODUCT, SERVICES, PROCESSES, SYSTEM etc.

Refers to business firms where technology is crucial to the business.

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.

This are the first individuals to adapt to technology.

This are the individuals who are more discrete in their adaption choices than the innovators.

They are more slower in the adaption process and seldom hold opinions

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.

Core Traits that Entrepreneurs should develop in managing and running the business

This type of persons are not comfortable with the routines of a desk job.

Entrepreneurs are reactive rather than passive. They address issues, problems, and challenges before come than when they already happened

Entrepreneurs are innovation champions.

Entrepreneurs always have a decision about their business.

This person is the one who takes advantage of the country's social problems and turn them to profitable institutions with the intention of helping the disadvantage community rather that making a profit.

They delegate and hire potential employees to do the work.

What are the societal and economic benefits of entrepreneurship?

It is an organization that provides products or services , usually to make money.

To be an _________ means to think or act like an entrepreneur.

An entrepreneur who is tech savvy and is using technology for the purpose of entrepreneurship.

Refers to business firms where technology is crucial to the business.

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.

This are the first individuals to adapt to technology

This are the individuals who are more discrete in their adaptation choices than the innovators

They have high degree of skepticism, usually wait for the majority of society to adapt with innovation

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

The creation of something new

The process of updating or upgrading something that already exists.

These types of innovation are focused on the innermost working of an enterprise and its business system

These types of innovation are focused on an enterprise's core product or service, or a collection of its products and services

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

The creative process where designers generate ideas in session.

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 participants would have to write their ideas on a piece of paper

An ideation technique where the process is simply combining two ideas into one

There is a lot of street vendors outside Olivarez College who is not an advocate of entrepreneurship. What type of business venture will you consider the street vendors?

An entrepreneur who is involved in technological changes in producing goods and services is called a

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

This are the first individuals to adapt to technology.

This are the individuals who are more discrete in their adaption choices than the innovators.

They are more slower in the adaption process and seldom hold opinions

They have high degree of skepticism, usually wait for the majority of society to adapt with innovation

These are individuals usually don't like change and tends to focus to tradition

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.

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

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

An entrepreneur who is tech savvy and is using technology for the purpose of entrepreneurship.

Refers to business firms where technology is crucial to the business.

It seeks to understand how opportunities to create something new arise and are discovered or created by specific persons who then use various means to exploit or develop them, thus producing a wide range of effects.

It is not just about technology alone; it is about how to manage that technology to achieve superior value for the customer.

It can be defined as " an entrepreneur with the skills and mindsets to deal with a knowledge economy"

Improving a value chain is eliminating the ___________________ that incurred the cost of product higher to the end customer.

A new or improved product (material, component, device, machine, system) or process (synthesis, treatment, fabrication, method of manufacturing) was discovered as a result of study or experimentation.

It is a completely new product or service, a patent, or a breakthrough.

"The use of technology as an integral and key element in the transformation of goods & services."

Requires people using new knowledge and understanding to experiment with new possibilities and using sound collaborative decision-making tools in order to choose and implement new ideas.

Persons who create something new, but inside an existing company rather than through a new venture.

The indispensable start-up ingredient all inventions and innovations need.

It is the process of forming and relating ideas that invariably have a bearing on the identification and resolution of a problem.

Deriving ideas through free association and analogies.

A way of generating ideas, in a group, on a specific theme, by free-association.

Based on the systematic use of analogies for the generation of ideas.