Technopreneurship
Introduction to Technopreneurship
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History of Technopreneurship
Obviously "TechnoPreneurship" was coined from two words "technology" and "entrepreneurship." The first known use of the term technopreneurship was in 1987. It is possible that the term "technopreneurship" was more recognized when the Internet bubble began to break in April of 2000. Considering these facts, it can be said that technopreneurship has past gone its infancy. However, it is probable that it is still in its babyhood. Just for a quick exercise, try typing the word "technopreneurship" or technopreneur." You'll notice that the word would yield you a crooked red underline which is a typical warning of a misspelled word. Such case would reflect that the term "technopreneurship" have not yet been universally recognized as compared to terms such as entrepreneurship, technology, cyberspace, e-commerce, e-bay, and the like. Some would still prefer to call themselves online entrepreneurs, internet entrepreneurs; and their activities as online selling, e-commerce, online trading, or simply entrepreneurship. In fact as of this writing, the word Technopreneurship is not yet even included in the dictionary!
What is Entrepreneurship ?
It has been said that the etymology of technopreneurship is technology and entrepreneurship.
So, before one can truly understand technopreneurship as a concept, one's limited understanding of entrepreneurship must be dealt with. According to BusinessDictionary.Com, "entrepreneurship is the capacity and willingness to undertake conception, organization, and management of a productive venture with all attendant risks, while seeking profit as a reward." Further, "in economics, entrepreneurship is regarded as a factor of production together with land, labor, natural resources, and capital. Entrepreneurial spirit is characterized by innovation and risk-taking, and an essential component of a nation's ability to succeed in an ever changing and more competitive global marketplace." |
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