TECHNOLOGY  BENEFITS

• creation, usage and knowledge of tools, 1. Provide much-needed employment to thousands

technique, crafts, systems or methods of organization to despite being part of the educated elite.
solve a problem or serve some purpose or end. 2. Centralization of resources
• understanding new knowledge is creativity
applied to organize tasks involving people and TECHNOPRENEUR
machines that meet sustainable goals. • person who destroys the existing economic
1. Taking action to meet human needs order but introducing new products and services
2. Uses more than scientific knowledge and practical • perceives opportunities and creates an
craft knowledge compared to theoretical knowledge organization to pursue it
3. Involves an organized way of doing things WELL-KNOWN TECHNOPRENEURS
Involves people who are hands-on, can do • Jett Bezos
professionals -founder of amazon
 ADVANTAGES • Elon Musk
1. information is easy to access -CEO of Space X and tesla Motors
2. Innovation and creativity are fostered • Mark Zuckerberg
3. Communication is improved -Founder of Facebook
 DISADVANTAGES
1. Jobs are lost ENTREPRENEURIAL PROCESS
2.Competency Process means stage, do not skip, follow step by step
• set of stages and events that follows one
ENTREPRENEURSHIP another
• Ways of thinking and acting that is opportunity • critical factor that drive the development of
obsessed, holistic approach and leadership balanced business at each stage. entrepreneurial traits are
for wealth creation shaped by personal attributes and environment.
• It is the creation or extraction of value. It four(4) stages:
entails risk beyond what is normally encounter in a 1. idea generation - generate idea
starting business 2. decision-making and business plan
• INNOVATION is the specific tool of 3. project creation - make physical output
• It is becoming a crucial factor in the 4. management control - manage in staying on top by
development and well-being of societies improving the product, managing team
 BENEFITS
1. Lowers unemployment TECHNOPRENEURIAL PROCESS
2. eight (8) stages:
3. Accelerates structural changes in the community 1. idea generation
4. Offers new competition 2. idea screening - filtering out ideas, of it is profitable
5. Promotes improved productivity 3. concept testing - research matter, feedback
6. Healthy economic competitiveness 4. business analysis - within the
group/organization(they're ranks)
BUSINESS PEOPLE VS ENTREPRENEURS 5. prototyping - unfinished output, not final
Business people satisfy NEEDS 6. Test marketing - target costumer , presenting
Entrepreneurs create NEEDS prototype & getting feedback in the market
7. Commercialization - able to come yp the final
ENTREPRENEURS product, manufacture product, hos to encourage the
• individuals who have an exclusive idea to people to buy our product
initiate and establish a venture and bring change in the 8. Monitoring & Evaluation - continuous process
world.
TECHNOPRENEURSHIP TECHNOPRENEUR VS ENTREPRENEUR
• Coined from the words technology and ENTREPRENEUR
entrepreneurship •identify needs
• First use in... •build products
•mitigate risk - lessen risks
•take the products to market
1. Integration of technology, innovation •likes compete
2. •is a self-starter
3. Entrepreneurship in the field of technology •can do things at once
4. Process of engineering the future of people •is creative and has dreams and goals
5. Application of the newest inventions and •like to work for himself or herself and be in control
advancement •is motivated by strong desire to achieve and attain
6. Manufacturing hi-tech products financial success
•focuses his/her attention on the chance of success
rather than the possibility of failure
TECHNOPRENEUR OBJECT OF INNOVATION
•likes to innovate INNOVATION – can happen anywhere, whether it is a
•is part of a team non-profit organization
•can do many things at once, but chooses to delegate PRODUCT INNOVATION
•innovate and has a greater vision  concerns both material and tangible
•likes to be the one in control innovation and be part of SERVICE INNOVATION
an evolution (technological)  deals directly to the consumers
•motivated by strong vision and passion to innovate BUSINESS MODEL INNOVATION
•takes failure in stride and know it will lead to success  how a company functions/work and how it
if correction can made carries money
PROCESS AND TECHNOLOGY INNOVATION
• are usually DEVELOPERS first. Developers  how you create the product or service
have a different view of the world and this influences ORGANIZATIONAL INNOVATION
every aspect of their entrepreneurial path.  focuses on the structure or process
SOCIAL INNOVATION
• generally need GENERALISTS. People who  focuses education, poverty reduction
have far broader business skill sets.  lies in the society
 everything that involves the society
CHARACTERISTICS OF TECHNOPRENEUR
ENVIRONMENTAL INNOVATION
1. Passion and motivation
 focus on the environment itself
2. risk-taker
INNOVATION SYSTEM
3. self-belief, hard work, and disciplined dedication
 The flow of technology and information among
4. adaptable and flexible - take correction that can
people, enterprises and institutions is the key
improve them
to an innovative researches
5. product and market knowledge
 Framework
DIFFUSION OF INNOVATION
TECHNOLOGICAL INNOVATION,  it originated in communication to explain on
ENTREPRENEURSHIP, AND DEVELOPMENT how an idea or products gain momentum and
diffuses through a specific social system.
inventions- created, new discovery  The end result is that people will adopt a new
innovation - improvement of existing product idea, behavior or product
FIVE ADOPTER CATEGORIES
1. INNOVATORS – idea originated which is why
INNOVATION & ENGINEERING
they are the first to try it.
2. EARLY ADOPTERS- people who represent
INNOVATION
the opinion leaders, embrace change.
 Latin word “innovare” which means to renew
3. EARLY MAJORITY – tech savvy
 it means to improve
4. LATER MAJORITY – sunod sa uso.., unless
 not all innovation requires new inventions tried by the majority, I will not try.
 a new or improve product or process that 5. LAGGARDS – bounded by traditions,
differs significantly from the previous skeptical to changes
 carrying out new combinations
INNOVATION ENGINEERING TECHNOLOGICAL INNOVATION SYSTEM
 method for solving technology and business - A dynamic network of agents interacting in a
problems .. specific /industrial area under some particular
 the result of using the approaches process, institutional instructions
behavior - Involves in the generation diffusion and
TWO MAIN DIME utilization of technology
1. DEGREE OF NOVELTY - How techniques are being generated
- Measure of how new, how fresh is the
product, ow unique THREE 3 LEVELS OF ANALYSIS
2. KIND OF INNOVATION / TYPES OF 1. Technology in the sense of a knowledge field.
INNOVATION 2. Product or artifact
TYPES OF INNOVATION 3. Set of related products and attracts aimed at
• Sustaining – continuous satisfying a particular function.
• Incremental – adding little by little  a PART OF INNOVATION SYSTEM
• Disruptive – suddenly changes occur, creates APPROACH, a wider theoretical approach
a new market  analyze and evaluate the development of a
• Radical – uses revolutionary technology particular technological field in terms
 system components are called STRUCTURES
which represent the static aspect of the system
THREE 3 BASIC CATEGORES
1. ACTORS – people who are involved in the 2. OPEN INNOVATION
innovation(organization) - Focuses on the knowledge interaction both
2. INSTITUTIONS – core of the innovation inside and outside the enterprises.
system - Gather intel from outside and distribute from
- Rules of the game/society inside
3. TECHNOLOGICAL FACTORS – involves
every aspect that will affect the innovation 3. DISRUPTIVE INNOVATION
system. - Transforms existing market / sector

INNOVATION ECONOMICS 4. KNOWLEDGE-BASED INOVATION

 A growing economic theory that emphasized - Emphasized the key role of knowledge
entrepreneur elements in value creations.
JOSEPH SCHUMPETER - What you learn you apply it
 Introduced INNOVATION ECONOMICS
- Evolving institutions entrepreneurs and 5. JUGAAD INNOVATION
technology changes one at the heart of - Breaking through various constraints and
economic growth. improvising affective solutions using limited
ANTONELLI resources.
- Innovative capacity is what primarily drives - Improvise the available resources alone
economic growth in today’s knowledge-based
economy 6. SECONDARY INNOVATION
Data shows that while profits matter, good firm supply - A typical catch-up path with “Made in China”
for more, bringing innovation to the market. - Replica
The main goal of business is to develop new and - Same function, different quality
innovative goods and services that generate economic - The road to innovation of world – class
growth while delivering benefits to society. entrepreneurs do not depend on individual
improvements and enhancement but a result
INNOVATION ENGINEERIG PROCESS from organized innovation.

PHILLIP, LYN, DOUGLAS, KURT

- Presented HOLISTIC INNOVATION
 Total and collaborative innovation driven by a
strategic vision that aims for a sustainable and
comprehensive advantages.
 Innovation should be team
FOUR 4 ELEMENTS
… 1. STRATEGIC ELEMENT – road map
GUIDING PRINCIPLES OF INNOVATION 2. TOTAL ELEMENT
- Disruptive forces and abrupt marketplace 3. OPEN ELEMENT – external and internal
changes are shrinking company factors
- To survive companies are ramping up 4. COLLABORATIVE ELEMENT
innovation SOCIAL INNOVATION
1. STRATEGY – provides a road map for innovation - Process of development and deploying
2. PEOPLE – encourage talent to try fail fast, and effective solutions to challenging and other
learn from systematic social and ..
3. PROCESSES – digitalize activities to funnel and - Deals with society and environmental issues
propel innovation THREE 3 TYPES
4. STRUCTURE – meet physical, temporal and 1. Product based social innovation – focus on
collaborative needs, brainstorm the ideas. product
PARADIGM SHIFTS 2. Processed based social innovation - focus
- Arises when the dominant paradigm under on product
which normal science operates is rendered 3. Socially transformative social innovation –
incompatible with new phenomena, facilitating should transform a society
then adoption of a new theory or paradigm. 6 STAGES
- The change of structure or framework 1. Prompts
TYPES 2. Proposal
1. USER INNOVATION 3. Prototype
- Focuses on the importance of users needs 4. Sustaining
- The goal is to meet the needs 5. Scaling
6. Systematic change