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Orlando M. Malaca, PhD. Professor

In the book entitled Entrepreneurs Are Made Not Born, Author Lloyd Shefsky defined entrepreneur as:

entre means to enter pre means before neur means nerve center
Shefskys practical view on the term entrepreneur leads to a definition of the word as someone who enters a business any business in time to form or change substantially that business nerve center.

What is Entrepreneurship?
It is the process of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks, and receiving the resulting rewards of monetary and personal satisfaction and independence.

Entrepreneurship is the process of discovering new ways of combining resources.

Who is Entrepreneur?
An entrepreneur is a person who starts and or operates a business. He/she is creative and innovative. He/she is a person who starts something new. He/she may be male or female, young or old, professional, college graduate or school dropout, comes from A, B, C, D or E economics group.

Who is Entrepreneur?
He is an

owner-manager and willing to take risks of a business or enterprise.

Usually he is someone not willing to work for others. Instead, he wants others to work for him. Usually, his kind of business is single proprietorship because he does every thing from production to selling. An entrepreneur is an agent of change.

List of Famous Filipino Entrepreneurs and their Brands

Manny Villar from fish vending to enterpreneur and politics Lucio Tan the tobacco king Sandy Andok Javier the litson king Brother Mike a religious enterpreneur Socorro Nanay Ramos the woman enterpreneur Henry Sy the king of shoes

Technology + Entrepreneurship = Technopreneurship

The application of scientific knowledge for practical purposes, especially in industry: "computer technology"; "recycling technologies".

is the process of creating something innovative or new applying the scientific knowledge for practical purpose

the process of creating something new with value.

Who is Technopreneur?
Are entrepreneurs who are into the core businesses involving technologybased industries.

They make use of technology to come out with new or innovative products through a process of commercialization.

Who is Technopreneur?
The businesses are generally marked with high growth potential and high leverage of knowledge and intellectual property. Potential technopreneurs must be equipped with both technical and business skills.
Example: Job Steve of Apple Inc. William Henry Gates of Microsaft

Technopreneur
A technoprenuer is an entrepreneur who is technology savvy, creative, innovative, dynamic, dares to be different and take the unexplored path, and very passionate about their work. They take challenges and strive to lead their life with greater success. They dont fear to fail. They take failure as a learning experience, a stimulator to look things differently and stride for next challenge. Technoprenuers continuously go through an organic process of continual improvement and always try to redefine the dynamic digital economy.
Source: http://www.rajeshshakya.com/what-is-technopreneurship.htm

Jerry Yang. Co-founder of Yahoo!

Kevin Rose. Founder of Digg.com. Dropped out of college during his second year. Larry Ellison. Billionaire co-founder of Oracle software company. Dropped out of two different colleges. Michael Dell. Billionaire founder of Dell Computers, which started out of his college dorm room. Dropped out of college.

Shawn Fanning. Developer of Napster. Dropped out of college at the age of 19.

Steve Wozniak. Co-founder of Apple, billionaire.

Steve Jobs. After attending one semester of college, Steve Jobs worked for Atari before co-founding Apple Computers. Now without the Computers in their name, Apple includes innovative products such as the iPod, iTunes, and most recently the iPhone. Steve Jobs was also the CEO and co-founder of Pixar before it merged with Walt Disney Bill Gates. Ranked as the worlds richest person from 1995-2006, Bill Gates was a college drop out. He started the largest computer software company, Microsoft Corporation. Gates and his wife are philanthropists, starting The Bill & Melinda Gates Foundation with a focus on global health and learning.

Theodore Waitt. Billionaire founder of Gateway Computers. Dropped out of college to start Gateway one semester before graduating.
Tom Anderson. Co-founder and friend of MySpace. Dropped out of high school.

Assignment:

Think and create an innovative design of a certain product or service. Submission: Next meeting