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Techno Flashcards

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1
Q

The activity of setting up a business or businesses, taking on financial risks in the hope of profit.

A

Entrepreneurship

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2
Q

Entrepreneurship
Focus:

A

Market Opportunity
Resources
Risk Taking

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3
Q

Entrepreneurship
Examples:

A

Traditional retail stores
Food businesses
Service enterprises

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4
Q

A strategic application of technology to create, deliver and scale value under conditions of uncertainty.

A

Technopreneurship

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5
Q

Entrepreneurship driven by technology and innovation.

A

Technopreneurship

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6
Q

Technopreneurship -
Entrepreneurship driven by __ and ___.

A

technology and innovation.

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7
Q

__ will not depend on technology alone.

A

Technopreneurship

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8
Q

Technopreneurship
Focus:

A
  • Software, Hardware and Digital platforms
  • Scalability and Innovation
  • Problem-solving using technology
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9
Q

Technopreneurship
Example:

A

Examples:
- Mobile Apps
- E-commerce platforms
- AI based solutions

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10
Q

COMPARISON of Entrepreneurship and Technopeneurship
Aspect: Core Driver

A

Entrepreneurship: Business Idea
Technopreneurship: Technology and Innovation

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11
Q

COMPARISON of Entrepreneurship and Technopeneurship
Aspect: Tools

A

Entrepreneurship: Capital, Manpower
Technopreneurship: Software and System

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12
Q

COMPARISON of Entrepreneurship and Technopeneurship
Aspect: Growth

A

Entrepreneurship: Often Local
Technopreneurship: Highly Scalable

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13
Q

COMPARISON of Entrepreneurship and Technopeneurship
Aspect: Risk

A

Entrepreneurship: Market Risk
Technopreneurship: Market and Technology Risk

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14
Q
  • Weak market understanding
  • Poor value proposition
  • late strategic response
A

HOOQ

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15
Q
  • High default rates
  • Regulatory pressure
  • Overreliance on technology
A

Cashalo

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16
Q
  • Misreading local market preferences
  • High operational costs
  • Limited localization strategy
A

Zalora Philippines

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17
Q
  • A new business company, often tech-focused, designed for rapid growth by offering an innovative product or service to solve a problem.
A

StartUp Business

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18
Q

Key Characteristics of a Startup

A
  1. Innovation
  2. Scalability
  3. Problem-Solving
  4. High Risk/Reward
  5. Funding
  6. Temporary Organization
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19
Q

Develops unique or novel solutions, technologies, or business models.

A

Innovation

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20
Q

Built to grow rapidly and serve a large, often global, market, not just a local one.

A

Scalability

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21
Q

Addresses an unmet need or significant pain point for customers.

A

Problem-Solving

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22
Q

High potential for failure but also for massive success and high returns.

A

High Risk/Reward

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23
Q

Relies heavily on external funding (venture capital, angel investors) due to high upfront costs and long path to profitability.

A

Funding

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24
Q

Aims to find a repeatable and scalable business model, eventually becoming a mature company or getting acquired.

A

Temporary Organization

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25
Build-Measure- Learn
Lean StartUp Framework
26
A methodology for developing businesses and products by focusing on validated learning, rapid experimentation and iterative releases using a __ to quickly test hypotheses with real customers.
Lean StartUp Framework _Minimum Viable Product (MVP)
27
Core Principles
1. Validated Learning 2. Minimal Viable Product (MVP) 3. Build-Measure-Learn Loop 4. Pivot or Persevere 5. Eliminated Waste
28
Treating the startup as an experiment to test business assumptions and learn what customers actually want.
Validated Learning
29
Launching the simplest version of a product with just enough features to gather feedback from early adopters.
Minimal Viable Product (MVP)
30
A continuous cycle of building features, measuring customer response, and learning from that data to inform the next iteration.
Build-Measure-Learn Loop
31
Deciding whether to change strategy (pivot) or continue with the current plan (persevere) based on validated learning.
Pivot or Persevere
32
Deciding whether to change strategy (1.__) or continue with the current plan (2.__) based on validated learning.
1. pivot 2. persevere
33
Avoiding unnecessary features and extensive upfront planning that doesn't directly contribute to learning.
Eliminate Waste
34
CASE Problem: Financial exclusion
Gcash
35
CASE Problem: Limited Platforms for FIlipino content creators
KUMU
36
CASE Problem: Difficulty in finding reliable transportation
UBER
37
CASE Problem: Poor or unorganized search result. Accurate and relevant information.
Google
38
refers to the practical application of scientific knowledge to solve problems, improve efficiency, and create value.
Technology
39
In entrepreneurship, __ is not just machines or software, but any tool, system, or method that enhances how work is done.
Technology
40
is a means, not an end. It supports business goals.
Technology
41
Role of Technology in Business
Automate repetitive tasks Increase productivity Reduce operational costs Improve accuracy and speed Reach wider markets
42
Examples Tech:
- POS systems in small stores - Online booking systems - Mobile payment platforms (GCash, Maya)
43
The core product (e.g., apps, platforms, systems), or
Technology in Technopreneurship
44
The key enabler of a new business model
Technology
45
__ does not always mean high-tech. Even simple digital tools can be disruptive.
Technology
46
__ is the process of transforming ideas into value. It is not just invention; it is successful implementation that solves real problems.
Innovation
47
creation of something new
Invention
48
applying that creation to create value
Innovation
49
Types of Innovation
1. Product Innovation 2. Process Innovation 3. Business Model Innovation
50
Improving or creating new products or services. Example: Smart appliances, AI chatbots
Product Innovation
51
Improving how products or services are delivered. Example: Online enrollment systems
Process Innovation
52
Changing how value is created and captured. Example: Subscription-based software (Netflix, Spotify)
Business Model Innovation
53
Innovation Mindset
*Curiosity *Willingness to experiment *Acceptance of failure *Customer-centered thinking
54
Most successful innovations start from __, not technology itself.
customer pain points
55
__ is the strategic integration of digital technologies into all areas of a business, resulting in fundamental changes in:
Digital transformation *Operations *Customer experience *Value creation *Organizational culture
56
Rethinking the entire business using digital tech
Digital transformation
57
Why Digital Transformation Matters
*Respond faster to market changes *Deliver better customer experiences *Scale operations efficiently *Stay competitive in a digital economy Example: Retail stores shifting to online selling during the pandemic
58
Digital Transformation as a Strategic Move Digital transformation involves:
*Technology *People *Processes *Strategy It requires leadership commitment and cultural change—not just IT upgrades.
59
Conceptual Flow:
Technology → Enables Innovation → Drives Digital Transformation
60
*__ provides tools *__ applies tools creatively *__ reshapes the business
_Technology _Innovation _Digital transformation
61
Technopreneurship Perspective For __: *__ is the tool *__ is the approach *___ is the outcome
_technopreneurs _Technology _Innovation _Digital transformation
62
Technopreneurship Perspective For technopreneurs: *Technology is the _ *Innovation is the _ *Digital transformation is the _
_tool _approach _outcome
63
“Technopreneurs do not chase technology trends—they __ to solve meaningful problems.
use technology
64
Emerging Technologies
1. Artificial Intelligence (AI) 2. Internet of Things (IoT) 3. Cloud Computing 4. Blockchain
65
-Machines that simulate human intelligence Examples: *Chatbots *Recommendation systems *Facial recognition Business Applications: -Customer service automation - Predictive analytics - Smart marketing
Artificial Intelligence (AI)
66
-Network of physical devices connected to the internet Examples: *Smart homes *Wearable devices *Smart agriculture sensors Business Applications: - Logistics tracking - Smart farming - Preventive maintenance
Internet of Things (IoT)
67
-On-demand access to computing resources via the internet Examples: *Google Drive *AWS *Microsoft Azure Business Applications: - Startup scalability - Remote work - Software-as-a-Service (SaaS)
Cloud Computing
68
-Distributed and tamper-resistant digital ledger Examples: *Cryptocurrency *Smart contracts *Supply chain tracking Business Applications: - Secure transactions - Transparency - Digital identity
Blockchain
69
Recognizing unmet needs or inefficiencies
Opportunity Identification?
70
Matching problems with technological solutions
Opportunity Identification?
71
Sources of Opportunities
* Problems and pain points * New technologies * Market gaps * Changing customer behavior
72
Opportunity Identification Framework
Problem → Technology → Solution → Value → Customer Example: Problem: Long queues in clinics Technology: AI + Cloud Solution: Online appointment system Value: Time-saving, efficiency Customer: Clinics and patients
73
__ is a human-centered, iterative approach to problem-solving that focuses on understanding users, challenging assumptions, and creating innovative solutions.
Design Thinking
74
Why Design Thinking matters in Technopreneurship?
*Reduces risk of building unwanted products *Encourages creativity and experimentation *Leads to more meaningful innovations
75
The 5 Stages of Design Thinking
1. Empathize 2. Define 3. Ideate 4. Prototype 5. Test
76
Understand users and their needs
Empathize
77
Create simple versions of solutions
Prototype
78
Clearly state the problem
Define
79
Generate possible solutions
Ideate
80
Gather feedback and improve
Test
81
__ puts people first by focusing on their: *Needs *Emotions *Behaviors *Context
Human-Centered Design
82
Human-centered design (HCD) puts people first by focusing on their:
*Needs *Emotions *Behaviors *Context
83
Empathy Tools
* Observation * Interviews * User journey mapping * Personas
84
Problem Identification __: Long queues (nagiging reason ng mga problem)
Symptom
85
_: Manual processing and poor scheduling (pinangagalingan nung symptom)
Root cause
86
is the structured process of generating, developing, and communicating ideas. In design thinking and technopreneurship, ideation bridges the gap between: Well-defined problems → Potential solutions
Ideation
87
is not about finding the best idea immediately—it is about creating many possibilities, then refining them.
Ideation
88
Principles of Effective Ideation Rules of ideation:
1. Defer judgment 2. Go for quantity 3. Encourage wild ideas 4. Build on others’ ideas
89
No criticism during idea generation
Defer judgment
90
More ideas increase the chance of innovation
Go for quantity
91
Radical ideas often lead to practical solutions later
Encourage wild ideas
92
Collaboration fuels creativity - Many students struggle with ideation because they judge ideas too early
Build on others’ ideas
93
Major Ideation Techniques
A. Brainstorming B. Brainwriting C. SCAMPER Technique
94
An open group discussion to rapidly generate ideas. How to Facilitate: *Clearly state the problem *Set a time limit (5–10 minutes) *Record all ideas visibly When to Use: Early-stage ideation Diverse groups Common Mistake: Dominant voices overpower others
Brainstorming
95
A silent alternative to brainstorming where individuals write ideas first. Why It Works *Encourages introverted students *Prevents groupthink *Increases idea diversity
Brainwriting
96
To modify existing ideas or systems creatively.
SCAMPER Technique
97
Replace a component
98
Merge features or services
99
Adjust to a new context
100
Enhance or reduce
101
New applications
102
Remove unnecessary parts
103
Change order or roles
104
Common Ideation Challenges
-Idea Fixation -Fear of Judgment -Overthinking -Tech Obsession
105
_ is an enabler, not the starting point
Technology
106
Problems should _, technology should support
_lead, _ support
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