ENT600 Technopreneurship UiTM assignment example Malaysia

Technopreneurship is a term that refers to an individual who is successful in becoming an entrepreneur. There are two types of Technopreneurs: the ones who achieve Fox rank and more, and those who have got Apache rank. The difference between these two categories is that the first group usually work as entrepreneurs while the second group typically becomes a technologist or a data scientist. Many times, people get married, have children, or start their own business because they feel it is their best option at some point in time.

The Technopreneurship is an opportunity for technical professionals to work with the online platform and have access to its resources. This assignment will look at how this platform can benefit Malaysia’s economy. The Technopreneur should be able to help the website generate more traffic, improve user experience, and grow the site’s traffic considerably.

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Assignment task 1: Analyze the concept and process related to principles of technology entrepreneurship.

Assignment Task 1 involves a comprehensive analysis of the concept and process associated with the principles of technology entrepreneurship. Here’s a breakdown of what this task entails:

1. Understanding the Concept of Technology Entrepreneurship:
   • Definition: Explore and define what technology entrepreneurship means in the context of business and innovation.
   • Elements: Identify the key components that differentiate technology entrepreneurship from traditional entrepreneurship.
   • Significance: Explain the importance of technology entrepreneurship in today’s rapidly evolving technological landscape.
2. Exploration of the Entrepreneurial Process in a Technological Context:
   • Idea Generation: Discuss methodologies for generating technology-driven business ideas or innovations.
   • Opportunity Recognition: Analyze how technology creates opportunities for entrepreneurial ventures.
   • Resource Acquisition: Explore methods for acquiring and leveraging technological resources, such as patents, software, hardware, or expertise.
   • Business Model Development: Examine the creation of business models that align with technological advancements and market demands.
   • Risk Assessment and Management: Evaluate risks specific to technology ventures and strategies for mitigating them.
   • Execution and Scaling: Discuss approaches to execute technology-based business ideas and strategies for scaling up these ventures.
3. Principles Underlying Technology Entrepreneurship:
   • Innovation and Creativity: Highlight the role of innovation and creativity in technology entrepreneurship.
   • Adaptability: Discuss the importance of adaptability in the face of rapid technological changes.
   • Market Orientation: Analyze how technology entrepreneurs identify and cater to market needs through innovative solutions.
   • Networking and Collaboration: Explore the significance of networking and collaboration in the technology entrepreneurship ecosystem.

This assignment task aims to deepen students’ understanding of how technology intersects with entrepreneurship, exploring the processes, principles, and dynamics involved in creating successful ventures within a technological context.

Assignment task 2: Demonstrate managerial and entrepreneurial skills in identifying technology-based business opportunities.

Assignment Task 2 requires demonstrating both managerial and entrepreneurial skills by identifying business opportunities that are technology-based. Here’s a breakdown of what this task involves:

1. Managerial Skills:
   • Analytical Abilities: Assess current market trends, technological advancements, and consumer needs.
   • Decision-Making: Utilize critical thinking to evaluate potential opportunities and risks associated with technology-based ventures.
   • Resource Management: Identify and allocate resources effectively for the development and execution of the business idea.
   • Planning and Strategy: Create a structured plan outlining how the identified opportunity will be pursued, including timelines and resource allocation.
2. Entrepreneurial Skills:
   • Innovation: Identify novel or innovative technological solutions or applications that address market needs or solve existing problems.
   • Risk-Taking: Be willing to take calculated risks associated with venturing into a technology-based business opportunity.
   • Creativity: Think outside the box to come up with unique ideas or approaches that leverage technology for business purposes.
   • Vision and Leadership: Display an entrepreneurial vision and leadership qualities necessary for turning an idea into a viable business opportunity.
3. Identifying Technology-Based Business Opportunities:
   • Market Research: Conduct thorough research on technological advancements and emerging trends within a particular industry or market segment.
   • Gap Analysis: Identify gaps or inefficiencies in existing technologies or markets that could be addressed with a new product or service.
   • Customer Needs Analysis: Understand customer pain points and preferences to develop technology-based solutions that fulfill these needs.
   • Feasibility Study: Evaluate the feasibility, scalability, and potential profitability of the identified technology-based business opportunity.

This assignment task essentially challenges students to merge their managerial acumen with an entrepreneurial mindset to identify, evaluate, and present technology-based business opportunities that hold promise in the market.

Assignment task 3: Demonstrate information retrieval and management skills in preparing technology venture blueprint.

Assignment Task 3 involves showcasing information retrieval and management skills in the creation of a technology venture blueprint. Here’s a breakdown of what this task entails:

1. Information Retrieval Skills:
   • Research Sources: Demonstrate the ability to gather relevant information from various credible sources such as academic journals, industry reports, market analyses, and technological publications.
   • Data Collection: Gather data regarding technology trends, market demands, consumer behavior, competition, and technological feasibility for the proposed venture.
   • Critical Analysis: Evaluate and critically analyze retrieved information to extract valuable insights relevant to the technology venture.
2. Information Management Skills:
   • Organization and Synthesis: Organize the gathered information systematically to create a coherent blueprint for the technology venture.
   • Data Integration: Integrate diverse data sets and information to support the development of the venture blueprint.
   • Identification of Key Elements: Identify and prioritize crucial elements such as technological requirements, market analysis, financial projections, and operational strategies.
3. Preparation of the Technology Venture Blueprint:
   • Strategic Planning: Develop a comprehensive blueprint that outlines the technological aspects of the venture, including the technology stack, development roadmap, and implementation strategies.
   • Market Analysis: Integrate market research findings into the blueprint, focusing on target demographics, market size, competitors, and unique value propositions.
   • Financial Projections: Include financial projections, budgets, and potential revenue models related to the technology venture.
   • Risk Assessment: Address potential risks and challenges associated with the technology venture and propose mitigation strategies.

This assignment task aims to assess students’ abilities in retrieving, managing, and synthesizing information critical to developing a well-founded blueprint for a technology-based entrepreneurial venture.

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