Principles of technopreneurship


b) Business markets buy goods and services for further processing or for use in their production process



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Techno 1 notes
b) Business markets buy goods and services for further processing or for use in their production process.
c) Reseller markets buy goods and services to resell at a profit.
d) Government markets are made up of government agencies that buy goods and services to produce public services or transfer the goods and services to others who need them.

3) Competitors
A technopreneur can only succeed if he/she provides greater customer value and satisfaction than his/her competitors. There is therefore need to check on competitor pricing, product quality, promotion and distribution systems and try and match them or even surpass.
4) Pressure Groups


Technoprenuership1 12 Organisations must recognize the special-interest groups that attempt to influence the organisation’s actions. There is usually news that environmental or human rights activists were picketing, boycotting, or threatening some organisation in order to get managers to change decision or action. As social and political attitudes change, so too does the power of pressure groups. Some pressure groups have managed to have not only made changes in alcoholic beverage, restaurant and bar, and smoking industries but have also raised public awareness about the problems of drunk driving and smoking.
Assessment of the Internal Environment
Environmental opportunities establish what an organisation may do the resources of an organisation dictate what an organisation can dob Organisational resources

All organisations have four types of resources they can use to achieve their goals. These are the physical financial human and the system and technological capabilities.
a) Financial resources
i)
Acquisition of financial resources:
Sources of funds area major concern of all organisations. The three major sources are
 Sale of equity on stock
 Use of debt issues such as bonds and
 Internal sources especially net income.

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