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BLHC 4052BLHC 4052TEKNOLOGI KEUSAHAWANANTEKNOLOGI KEUSAHAWANAN

Lecture 1:Lecture 1:The The TechnopreneurTechnopreneur

Perspective and MotivationPerspective and Motivation

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MicropreneursMicropreneurs

�� Not every person who starts a Not every person who starts a business has the mission of making a business has the mission of making a lot of money and growing it to a lot of money and growing it to a worldworld--class business.class business.

�� Some just want a simple balanced lifeSome just want a simple balanced life--style while doing the kind of work they style while doing the kind of work they enjoy doing. enjoy doing.

�� Business writer Michael Business writer Michael LeBoeufLeBoeuf calls calls such business owners such business owners ““MicropreneursMicropreneurs””

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MicropreneursMicropreneurs

��While entrepreneurs are committed While entrepreneurs are committed to the quest for growth, to the quest for growth, micropreneursmicropreneurs know they can be know they can be happy even if their companies happy even if their companies never appear on the list of top never appear on the list of top ranked businesses.ranked businesses.

�� Many Many micropreneursmicropreneurs are small are small homehome--based business owners who based business owners who are trying to combine career and are trying to combine career and family.family.

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EntrepreneurshipEntrepreneurship

An Entrepreneurship is a An Entrepreneurship is a business that is started and led business that is started and led by the by the Entrepreneur, the Entrepreneur, the leader/championleader/champion with certain with certain qualities and characteristics qualities and characteristics most managers may not most managers may not possess. possess.

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EntrepreneurshipEntrepreneurship

The Entrepreneur must The Entrepreneur must be a real good Leader, be a real good Leader, and not only a good and not only a good manager…manager…

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IntrapreneurIntrapreneur

�� In 1978, management In 1978, management consultant, Gifford Pinchot, consultant, Gifford Pinchot, invented the word invented the word IntrapreneurIntrapreneur to refer to an to refer to an intraintra--corporate entrepreneur corporate entrepreneur while he was attending The while he was attending The School for Entrepreneurs in School for Entrepreneurs in Tarrytown, New York.Tarrytown, New York.

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IntrapreneurIntrapreneur

A person within a large A person within a large corporation who takes direct corporation who takes direct responsibility for turning an responsibility for turning an idea into a profitable finished idea into a profitable finished product through assertive risk product through assertive risk taking and innovation.taking and innovation.

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IntrapreneurshipIntrapreneurship

�� IntrapreneurshipIntrapreneurship is the process by is the process by which individuals pursue a new which individuals pursue a new business opportunity (or by setting up business opportunity (or by setting up intraprisesintraprises) from within an existing ) from within an existing company, with resources of that company, with resources of that company.company.

�� It uses the advantages of both small It uses the advantages of both small and big scale business. In board and big scale business. In board sense, sense, intrapreneurshipintrapreneurship refers to all refers to all kinds of forms of semikinds of forms of semi--autonomy and autonomy and semisemi--responsibility within corporations.responsibility within corporations.

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IntrapreneurshipIntrapreneurship

Advantages to the corporationAdvantages to the corporation

�� To remain competitive, companies To remain competitive, companies have to accelerate their innovation have to accelerate their innovation process. process.

�� In companies where researches, In companies where researches, production people and production people and marketeersmarketeers are are large, innovation may be at risk.large, innovation may be at risk.

�� IntrapreneurshipIntrapreneurship is a good way of is a good way of integrating these activities, reducing integrating these activities, reducing innovation costs and broadening the innovation costs and broadening the scope of innovation.scope of innovation.

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IntrapreneurshipIntrapreneurship

Advantages to the employeesAdvantages to the employees

�� IntapreneuringIntapreneuring is an excellent is an excellent opportunity for creative employees opportunity for creative employees with entrepreneurial spirit, with entrepreneurial spirit, management qualities, and a sense of management qualities, and a sense of belonging to their company.belonging to their company.

�� If companies don’t want to loose these If companies don’t want to loose these highhigh--potentials, they have to provide potentials, they have to provide them with necessary resources and them with necessary resources and room for maneuver.room for maneuver.

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IntrapreneurshipIntrapreneurship

�� You don’t have to leave your You don’t have to leave your company to fulfill your company to fulfill your entrepreneurial dream.entrepreneurial dream.

�� If you have the great If you have the great entrepreneurial qualities and entrepreneurial qualities and spirit to convince your company spirit to convince your company to endorse you as their to endorse you as their intrapreneurintrapreneur, you need not , you need not leave them.leave them.

What is What is TechnopreneurshipTechnopreneurship??

�� Entrepreneur who uses technology to Entrepreneur who uses technology to be involved in business activities. be involved in business activities.

�� From the wordFrom the word

TechnoTechnologylogy

+ = “+ = “TechnopreneurTechnopreneur””

EntreEntrepreneurpreneur

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TechnopreneurTechnopreneur

�� ““TechnopreneurTechnopreneur” is coined just a ” is coined just a couple of years back to refer to couple of years back to refer to Technology EntrepreneurTechnology Entrepreneur..

�� This term appears to be most This term appears to be most actively used in Singapore, and to actively used in Singapore, and to some extent also in Malaysia and some extent also in Malaysia and Thailand.Thailand.

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TechnopreneurTechnopreneur

�� TechnopreneursTechnopreneurs are the ones who are the ones who identify the problems and identify the problems and capitalized on the opportunity.capitalized on the opportunity.

�� A A TechnopreneurTechnopreneur has two major has two major characteristics:characteristics:1.1. He does things NOT out of profits but He does things NOT out of profits but because he wants to innovate.because he wants to innovate.

2.2. He is comfortable working with, or, He is comfortable working with, or, using technology.using technology.

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Do you Have The Do you Have The TechnopreneurialTechnopreneurial Traits?Traits?

�� Do you think is there better way of doing Do you think is there better way of doing something that everyone takes for something that everyone takes for granted?granted?

�� Would you push the limits for delivering Would you push the limits for delivering that perfect solution?that perfect solution?

�� Can you afford the risk of making changes Can you afford the risk of making changes to a system that only you think has flaws?to a system that only you think has flaws?

�� Do you get frustrated and angry when Do you get frustrated and angry when things are not the way you think they things are not the way you think they should be?should be?

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AnswerAnswer

�� If Your answer is Yes for all the If Your answer is Yes for all the questions,questions,

�� You have You have technopreneurialtechnopreneurial traitstraits

�� Because :Because :

�� You are not motivated by profit alone, You are not motivated by profit alone, and and

�� Comfortable with technologyComfortable with technology

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The Importance of The Importance of TechnopreneurshipTechnopreneurship in in National DevelopmentNational Development

�� A key ingredient and resource to value A key ingredient and resource to value add in any economy/ country.add in any economy/ country.

�� Technology and Entrepreneurship Technology and Entrepreneurship manages scarcity in resources. manages scarcity in resources.

�� For example labor and capitalFor example labor and capital

�� Globalization requires increasing Globalization requires increasing competitiveness.competitiveness.

�� Employment and jobs.Employment and jobs.

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Technopreneur & EntrepreneurTechnopreneur & Entrepreneur

�� TECHNOPRENEUR TECHNOPRENEUR

= Today + Future = Vision= Today + Future = Vision

�� ENTREPRENEUR ENTREPRENEUR

= Product + Market = Profits= Product + Market = Profits

Michael Dell = EntrepreneurMichael Dell = Entrepreneur

Bill Gates = Bill Gates = TechnopreneurTechnopreneur

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Understand the Needs of Understand the Needs of The The TechnopreneurTechnopreneur

IPO : Initial Public Offering; M&A :mergers& acquisitions IPO : Initial Public Offering; M&A :mergers& acquisitions IPO : Initial Public Offering; M&A :mergers& acquisitions IPO : Initial Public Offering; M&A :mergers& acquisitions

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The Needs of Each StageThe Needs of Each Stage

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Leadership Roles Leadership Roles

�� Creating vision, direction, goalsCreating vision, direction, goals

�� Communicating with followersCommunicating with followers

�� Motivating and empoweringMotivating and empowering

�� Affirming/reaffirming valuesAffirming/reaffirming values

�� Aligning people Aligning people –– achieving workable achieving workable unityunity

�� Serving as a symbolServing as a symbol

�� Management of thrustManagement of thrust

�� Management of SelfManagement of Self

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Comparison Between an Entrepreneur Comparison Between an Entrepreneur and a and a TechnopreneurTechnopreneur

�� Likes to competeLikes to compete

�� SelfSelf--starterstarter

�� Able to do many things at onceAble to do many things at once

�� Is creative, and has dreams Is creative, and has dreams and goalsand goals

�� Likes to work for him/herself Likes to work for him/herself and be in controland be in control

�� Is motivated by a strong desire Is motivated by a strong desire to achieve and attain financial to achieve and attain financial successsuccess

�� Focuses his/her attention on Focuses his/her attention on the chances of success rather the chances of success rather than the possibility of failurethan the possibility of failure

�� Likes to innovateLikes to innovate

�� Part of a teamPart of a team

�� Able to do many things at once, Able to do many things at once, but chooses to delegate but chooses to delegate

�� Is innovative and has a grater Is innovative and has a grater visionvision

�� Likes to be the one to control Likes to be the one to control innovation and be part of an innovation and be part of an evolutionevolution

�� Is motivated by a strong vision Is motivated by a strong vision and his passion to innovateand his passion to innovate

�� Take failure in stride and knows Take failure in stride and knows it will lead to success if it will lead to success if correction can be madecorrection can be made

ENTREPRENEURENTREPRENEUR TECHNOPRENEURTECHNOPRENEUR

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Similarities Between an Entrepreneur Similarities Between an Entrepreneur and a and a TechnopreneurTechnopreneur

�� Able to determine risk and has the courage to Able to determine risk and has the courage to take risks but not gamblertake risks but not gambler

�� Independent and selfIndependent and self--confident, yet knows when confident, yet knows when to get helpto get help

�� Like challengesLike challenges

�� Hardworking and willing to stick with a projectHardworking and willing to stick with a project

�� Not easily discouragedNot easily discouraged

�� Good health, has lots of energy and can handle Good health, has lots of energy and can handle stressstress

�� Has a strong sense of selfHas a strong sense of self--worthworth

�� ++veve thinker who does not dwell on setbacksthinker who does not dwell on setbacks

�� Often has a close friend or relative who owns a Often has a close friend or relative who owns a businessbusiness

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External Factors to be External Factors to be Considered by BusinessesConsidered by Businesses

�� The product and services offered has The product and services offered has to be cost effective and competitive.to be cost effective and competitive.

�� Demand for the product or service Demand for the product or service must be strong. Do not rely on a must be strong. Do not rely on a single major customer.single major customer.

�� You must be able to draw on You must be able to draw on adequate resources: financial, adequate resources: financial, material and human.material and human.

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We have a lot of Incentives, We have a lot of Incentives, Really…Really…

GRANTS* :GRANTS* :

�� Commercialization of R&D Fund (CRDF) Commercialization of R&D Fund (CRDF)

�� Cradle Investment Programme (managed by Malaysia Venture Cradle Investment Programme (managed by Malaysia Venture Capital Management Capital Management BhdBhd) )

�� Demonstrator Application Grant Scheme (DAGS) Demonstrator Application Grant Scheme (DAGS)

�� EE--Manufacturing Grant Manufacturing Grant

�� Engineering Design Grant Engineering Design Grant

�� Industry R&D Grant Scheme (IGS) Industry R&D Grant Scheme (IGS)

�� Intensification of Research in Priority Areas (IRPA) Intensification of Research in Priority Areas (IRPA)

�� Market Development Grant (MDG) Market Development Grant (MDG)

�� Multimedia Super Corridor Research and Development Grant Multimedia Super Corridor Research and Development Grant Scheme (MGS) Scheme (MGS)

�� RosettaNetRosettaNet Grant Grant

�� Technology Acquisition Fund (TAF) Technology Acquisition Fund (TAF)

�� Technology Acquisition Fund for Women (TAFW) Technology Acquisition Fund for Women (TAFW)

*Source : Technopreneur Development Division, MDeC Malaysian Technopreneurship :

Opportunities & Challenges in a Changing Business Landscape.

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A Lot of Organizations to Assist A Lot of Organizations to Assist too…too…

�� Organizations that are there to help:Organizations that are there to help:�� MDeCMDeC : Grants, Referrals, etc.: Grants, Referrals, etc.�� PDC, PDC, InvestPenangInvestPenang Umbrella Groups Umbrella Groups --PAC, PAC, SCoPeSCoPe, RFID : Business networking, , RFID : Business networking, etc.etc.

�� PSDC, MATDEC, PSDC, MATDEC, DistedDisted, MMU, etc. : , MMU, etc. : Skills Training, Incubation, Joint R&DSkills Training, Incubation, Joint R&D

�� MIDA, MATRADE, etc. : Exemptions, MIDA, MATRADE, etc. : Exemptions, subsidies.subsidies.

�� FMM, SMIDEC, etc. : Industry FMM, SMIDEC, etc. : Industry networking, subsidies.networking, subsidies.

�� Microsoft, IBM, etc. : Microsoft, IBM, etc. : Technical/Marketing/Certification Technical/Marketing/Certification InitiativesInitiatives