INTRODUCTION TO TECHNOLOGY ENTREPRENEURSHIP

INTRODUCTION TO TECHNOLOGY ENTREPRENEURSHIP

1. definition

   • Entrepreneurship can be defined as the identification, evaluation and exploitation of previously unexploited opportunities.

2. Key Dimension

   • Risk
   • Creativity & innovation
   • Opportunity exploitation
   • Pro-activeness

3. Entrepreneurial Process

   • encompasses all the cognitive (thinking) and behavioral (action) steps from the initial emergence of a rough business idea until the creation of a new business venture or the process is terminated.
   • Key Phases
     • The idea generation or idea discovery phase
     • The idea evaluation and development phase
     • The idea exploitation phase

4. The Role of Entrepreneurship

   • The Economic Inputs
     • Natural capital
     • Financial capital
     • Intellectual capital
       • Human capital
       • Organizational capital
       • Social capital
   • The Economic Outputs
     • The beneficial outputs
     • undesired inefficiencies and waste outputs