1.     What are the factors that contributed to the successand failure of any technopreneur?Themost successful technopreneurs know how to learn from others.

They ask for advice and are flexible. They take in the exceptional practices around them like a sponge, worry of failure can make it smooth to grip onto their vision withan iron fist but pressure may not servethem.Following are the factors contributed towardssuccess: Passion The most successful technopreneurs share the same trait. They’re obsessed with what they do. Passion is what turns a technopreneur into a successful enterprise leader.

If you’re driven by passion you won’t give up, no matter how long the adventure and you preserve knowledge continuously. Purpose Technopreneurs have a sense of purpose at the foundation of all that they do from hiring employees to attracting the right traders to their marketing and their customer support. That sense of purpose breeds the sense of belonging. It sparks excessive worker and customer loyalty. Network & Collaboration Technopreneurs must use their property to create a social community that would be beneficial for their enterprise.

By being a member of networks or associations, technopreneurs can gain advantages like getting advice from various bodies, accessibility to resources and a supply of creativity. Technical Understanding As a technopreneur, it is vital to be tech-oriented. No one is saying that you have to be a coding expert but rather to put money into your technical competencies and apprehend the dynamics of your market.  Followingare the factors contributed towards failure: Failure is an asset Because of technopreneurs curiosity, one of the biggest regrets they will have is not trying and hence wondering what if. This longing for knowledge and answers provides us with the tools to not only understand how to run businesses better but also what to avoid. As long as we are learning, technopreneurs become more valuable with each and every failure. Failure should not be confused with quitting For many technopreneurs, the concern of failure is rooted in a fear of being perceived as a quitter. The fact is that if you have poured your power selflessly into an endeavor only to walk away after extinguishing all options available to you, you’ll have earned infinitely more respect than the ones who have in no way attempted.

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Nobody wants you to fail The reality is that nobody wants you to fail in your effort. All stakeholders from lenders to suppliers to customers. All have a vested interest in your commercial enterprise and your success.

If you have evolved strong relationships via honesty and transparency, maximum of your partners will work with you through difficult times. Mutual achievement benefits everyone involved.   Decision Making As the business starts to grow it becomes more and more critical for technopreneur to make decisions on every level. The genuine value of business planning and basic leadership is to distinguish the difficulties and plan around them before they happen instead of getting caught unaware by them when the business is already set in motion.  2.How do you see yourself as a technopreneur? The world we are livingright now is full of technology as a matter of fact it is now part of ourlife.

 Technopreneur is an entrepreneur that engages in a High-Technologyrelated business. Every one of us needs to earn money to supply our needs inorder to survive in this world. There are so many ways to earn money and one ofthem is to build a business. My father’s also atechnopreneur. In 1990, he opened his own IT Company.

He took a risk, wentthrough the motions of uncertainty and stress, worked a second job to supportboth his family and business, grew his customer base, hired people,gave IT services as well as products and was ultimately accountable for his ownsuccess. Like my father, many small business owners don’t embrace theiridentity as technopreneurs. On the other hand, youprobably know someone who wears the title with pride. I’ve heard some peopleexclude those who own side businesses as real technopreneurs and let’snot forget the technopreneurialtendencies people can have without owning a business that manycompanies today look for in the people they hire.As for me in terms oftechnopreneurship, I want to follow the path of my father. He’s my mentor.

Ishould have the quality of risk taker because in an IT field, you must riskeverything to gain profit, you can make your business grow faster and if itworks, you gain employees and produce a high quality of products and services.It can also make you a famous person in the near future like Steve Jobs andBill Gates experienced in their times until today. If there will be an incoming vendors orprojects who want to invest, I will not focus on things that can harm mybusiness instead I will look for the good possibilities that will cause ininvesting that kind of project. I should be creative enough to start a newbusiness. Products alone will not be sold even if it is in a high quality, ITservices will be given too.

I must have the charisma like Steve Jobs had. EvenSteve Jobs failed. He had to face his customers while communicating. As a good technopreneur, I should have thecapability to communicate with other technopreneurs.

They can help me in timeswhen I face problems in business. They can also be my mentor in order to makebusiness grow. Also partnership will contribute to the growth and success ofthe business. 3.

Would you take the same career path that Steve Jobs took? Why or why not?Over the past 40 years, the computer enterprise hastaken great leaps and limits to where it is today. One of the mainlyinfluential people throughout this time was Steve Jobs. He became an integralpart of the rise in personal computing. Also he was an excellent motivator forthose working under him and those inspiring to be like him. SteveJob is the chairman and chief executive officer of the well known AppleCompany. His wonderful thoughts, ideas and innovation helped him to achievesuccess. He changed lives of people. His philosophy to alternate theworld made him the person who he is now and positioned himselfin a journey in the direction of fulfillment.

The factors thatcontributed in his success and failure in life made him extra prompted inall aspects concerning with his work. Iwill not take the same path as Steve Jobs because it isn’talways easy to take a profession direction especially in the field oftechnology. I’m not sure if I’ll put myself into a computer field like him itwould be successful or could get any popular because computer businesses these daysare so at the top that if you’ll attempt to make a business that involvescomputer systems, you aren’t positive sure of your success into that business.As we all know thatnumerous of operating systems right now are out inside market and there arealso open-source operating systems that may be downloaded through internet. So the question got here to my thoughtsand that I ask myself, why could I take the same profession direction asSteve Jobs if there are loads of those software’s out there?Then I could put in the picture that if I will make a business like him, I havea small chance of excelling in that type of business. There are many factorsof his character that I don’t like in Steve Jobs that offers me another reasonwhy I can’t take the same career path as his. Like him being a brief temperedboss to his subordinates. I can’t be like that when I’m a boss I would be muchpatient to my subordinates and apprehend them as nicely dueto the fact as a leader to them.

 Imust lead them in the right direction that they will be more motivated under myleadership and also to gain their trust for the good of my company. Finally, the last thingI don’t really like in him as stubborn person; he never listens to othersopinions. Wanting much to decide what you really want to be in the future,there is no acquiring that you can be in a career in the future the way youplanned it to be because the things happen in this life of ours are justchoices we need.4. Why it is important for industrypeople to focus on technology to enhance their industry improvement?  Innovations in technology have improved operationsat agencies of all sizes andhelped turn small neighborhood corporations into worldwide corporations.

 Followingare the factors to enhance industry improvement: Communication Mobile phones have emerged as small business necessities for owners and employees. Those devices are lifelines for staying in touch when on the street and responding to customer inquiries in a well timed manner. Smartphone’s increase the bar with access to the Internet, email, textual content and social networking is other advances in communication that preserve small businesses connected to their client bases and enhance internal communication within the enterprise. Marketing Technology has freed small corporations from the restrictions of prints ads in terms of achieving new and existing customers. Internet marketing ranges from easy informational website to advertising on search engines to online product sales. Email advertising and marketing is an effective and occasional fee technique to reach a large group of people with a newsletter, coupons or commercial enterprise.

Mobile advertising is a rather new frontier that reaches people through text messaging, marketing on cellular packages and supplying branded applications that tie clients into what’s occurring with the enterprise in a fun and entertaining way. Productivity Small enterprises need to wring each ounce of productivity out in their operations and generation tools help employees get responsibilities done more quickly. This may range from printing out marketing substances to offering customer support through email or online chat. The key is to keep employees focused while the use of technology and to apply it appropriately with the aim of saving time.

Provide employees with the right hardware and up to date software to maintain them working at peak proficiency. Customer Service Technology brings enterprises towards customers. Businesses use e-mail to answer questions, offer online chat to help clients that are visiting the business website, and equip call centers with the today’s phone device that makes customer support agents more efficient. Give customers a preference of approach to contact the company. Technology is powerful but keeps the people element in mind and don’t hold back on training employees in effective customer strategies and the proper use of the technology.

  Telecommuting Many small firms now provide telecommuting and flex time as advantages. Colleagues can stay in touch from distinctive places and whilst working extraordinary hours by using email, online collaboration system and mobile computing gadgets. In the workplace, employees can share virtual documents, convey records via presentations and create training films to bring new personnel up to speed. Teleconferencing Teleconferencing over the cell phone is one of the easiest conferencing strategies however development in latest years has introduced web conferencing to the fore. Web conferencing can convey together web cams, audio and collaborative online meeting areas to create an exceptionally interactive environment.

Members can see each other, work together on documents and recreate the in person meeting experience no matter where they’re globally. This is one manner that small businesses can extend their reach to include global customers and employees. 5. Why technology isgiving tough time for industries to go along with technological changes toimprove their operations? Technologyis probably the greatest agent of change in the modern world. While neverwithout risk, technological breakthroughs promise innovative solutions to the maximumpressing global challenges of our time. Introducing technological trade into a company offers a different set ofchallenges to management than does the work of competent ventureadministration. The managers responsible for shepherding a technicalinnovation into routine use are a great deal equipped by education andexperience to guide that innovation’s improvement than to manage itsimplementation.Following are the factors which lead totechnological changes improvement: A dual role Those who manage technological change have to often deal with each technical developer and implementer.

As a rule, one agency develops the technology and then hands it off to users who are much less technically skilled but informed and knowledgeable about their own areas of utility. Marketing perspective A marketing perspective also helps prepare an organization to get hold of new technology. Many implementation efforts fail because someone underestimated the scope or significance of such preparation.

The organizational hills are complete of managers who believe that an innovation’s technical superiority and strategic importance will guarantee reputation. Framework for Information Just the way marketing managers carefully plan the studies through which they’ll acquire crucial product information so implementation managers need to expand an iterative almost accordion like framework to guide decisions about when and how to collect needed information from all businesses affected by an innovation. Multiple Internal Markets The higher the organizational level at which managers define a hassle or need, the greater the possibility of successful implementation. At the same time, the nearer the definition and solution of problems or needs are to end-users, the greater the opportunity of success. Implementation managers must draw up their internal marketing plans in light of this obvious paradox.

Safe Innovation There are two motives for undertaking a pilot operation before introducing an innovation across the board in a massive company. First is to serve as a test and prove technical feasibility to top management and second to function as a credible demonstration version for other units in the organization. These two purposes are not always friendly.

Fear of Loss As we discuss about the deskilling capacity of latest computerized technologies has grown, unions are in search of retraining for their members whom automation might displace. Many organizations are upgrading the status of their workers who’re compelled to trade hard earned manual abilities for the often dreary routine of button pushing.