1Primary motivation of a technopreneur
Strong vision and passion to innovate
2Primary motivation of a traditional entrepreneur
Achieving and attaining financial success
3Technopreneurial approach to delegation
Able to do many things at once but chooses to delegate
4Entrepreneurial approach to workload
Able to do many things at once and likes to work alone
5Technopreneurial perspective on failure
Takes it in stride and knows that if corrected it will lead to success
6Traditional entrepreneurial focus regarding risk
Focuses on the chances of success rather than the possibility of failure
7Phase of the entrepreneurial process involving demand and competitive market analysis
Opportunity Analysis
8Four types of resources an entrepreneur must gather
Physical, intellectual, human, and financial resources
9Definition of the execution phase of a business plan using gathered resources
Implementation
10The process where an expanding organization encounters painful points for stability and continuity
Scaling and Planning
11The phase where an organization reaps what they sow after dealing with growth challenges
Harvesting
12Technopreneurial phase that involves creating, developing, and communicating abstract, concrete, or visual ideas
Idea Generation
13The process of evaluating and contrasting prospective business ideas to filter out unviable ones
Idea Screening
14The process of testing new or hypothetical products or services before they are launched
Concept Testing
15Experimenting with a product to check its viability using actual stores and real-life buying situations
Test Marketing
16The overall design of a product showing its functionalities, specifications, and interface based on business analysis
Prototyping
17Process of identifying business needs and determining solutions to deliver value to stakeholders
Business Analysis
18The process of introducing new products and services to the market through production, distribution, and marketing
Commercialization
19The phase used to diagnose business problems, identify performance ratings, and improve competitiveness
Monitoring and Evaluation
20Definition of technology according to Technopreneurship 101
The application of scientific knowledge to the practical aims of our life
21Willingness to start, organize, and manage a business venture along with any of its risk to make a profit
Definition of entrepreneurship
22An individual who runs a business using existing ideas and processes in the market
Businessman
23An individual who runs a business, assumes all risksewards, and applies new ideas as an innovator
Entrepreneur
24Core distinction between a businessman and an entrepreneur
All entrepreneurs can be businessmen, but not all businessmen can be entrepreneurs
25Type of entrepreneur with a great passion for discovering and developing new products, ideas, and processes
Innovative Entrepreneur
26Type of entrepreneur who copies existing products because there are no new current inventions
Imitating Entrepreneur
27Type of entrepreneur who is skeptical about organizational changes and waits to see the results of released products
Fabian Entrepreneur
28Type of entrepreneur who is happy with current business results and has no eagerness to change
Drone Entrepreneur
29Wesleyan University-Philippines Mission statement focus
Provides quality education imbued with Wesleyan spirituality to produce competent and conscientious graduates
30Wesleyan University-Philippines Vision statement focus
Fosters God’s vision for humanity through academic excellence, innovative research, transformative leadership, and care for the environment
31Developing and creating new concepts and ideas that will be useful to the customers
Innovation
32Four types of innovation listed in Module 3
Sustaining, Disruptive, Breakthrough, and Basic Research
33Alternative name for sustaining innovation
Routine innovation
34The primary driver behind sustaining innovation adjustments
Customer and market demands or developments in technology
35First principle of sustaining innovation from Robert’s Rules of Innovation
Inspire (requires a leader who can inspire others)
36Sustaining innovation principle stating failure is the best teacher for success
No risk, no innovation
37Sustaining innovation principle where leaders own new products and develop appropriate business models
Ownership
38Sustaining innovation principle stating new products must serve as solutions to real customer problems
Value Creation
39Sustaining innovation principle regarding continuous hiring, staffing, and mindset maintenance
Training and Coaching
40Sustaining innovation principle emphasizing brainstorming between customers and sales members
Idea Management
41Sustaining innovation principle that tracks results for an ideal ROI and profitability
Observe and Measure
42Innovation type where large companies ignore smaller businesses and focus strictly on their own existing offerings
Disruptive Innovation
43Innovation type from inside a company that develops something to the next level and changes customer interaction
Breakthrough Innovation
44Innovation type driven by discovering a new phenomenon to gain information and derive possible solutions
Basic Research
45Presentation type that focuses on a narrative rather than just presenting raw product facts
Story Telling Presentation
46Presentation type that uses captivating tunes to help the pitch stand out and be remembered
Musical Presentation
47Presentation type combining both visual and audio content to help clients envision services
Video Presentation
48Presentation type designed specifically to stop the audience from reading slides word-for-word
Photo-Only Presentation
49Presentation type that encourages the audience to get involved via discussions, games, and open forums
Immersive Presentation
50Presentation type used to gauge audience interest and verify if they understand the product being offered
Question Presentation
51Best presentation type for promoting a specific physical product that clients want to see and touch
Demonstrative Presentation
52Presentation type that makes discussions livelier but requires caution to avoid client misunderstandings
Humorous Presentation
53Presentation type using 3D style filming to help clients visualize the entire interface of a product
Animated Presentation
54Non-techy presentation type relying on physical visual aids instead of computers
Props Presentation
55The three classes of Michael Putz's Step 1 ABC analysis for rough idea selection
A-ideas (absolutely necessary), B-ideas (uncertain), C-ideas (no valueejected)
56The method used in Step 2 Fine Selection where participants distribute five sticky points to rank favorites
Dots gluing
57The three criteria used during Step 3 Detailed Analysis of product ideas
Customer benefit, differentiation potential/competitive factor, and technical/economic feasibility