Aktivity 1

Explain Entrepreneurship, Cyberpreneurship, and Online Business

Cyberpreneurship

Online Business

Entrepreneurship

Explain: INTELLECTUAL PROPERTY

Procedure to register intellectual property of a product

  • Procedure: File application -> Date of Filing Issued -> Preliminary Examination -> Acceptance + Application laid open for public examination -> Request for substantive or modified substantive examination -> Substantive examination -> Certificate of grant issued -> Gazetted.

Functions of the Digital Millennium Copyright Act

  • it illegal to circumvent copy protections designed to prevent pirates from duplicating digital copyrighted works and selling or freely distributing them.

Define intellectual property

  • Intellectual property (IP) refers to creations of the mind:
    inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.

Entrepreneurship refers to an individual that has an idea and intends to execute on that idea, usually to disrupt the current market with a new product or service.

Cyberpreneurship is a business activity and business by using improved computer technology, especially the internet

Cyberpreneurship promoted using electronic
brochures, known as the homepage on the internet

various types of intellectual property .

  • Copyright
  • Patent
  • Trademark
  • Industrial Design
  • Geographical Indication

- Copyright
Copyright is a type of intellectual property that gives its owner the exclusive right to make copies of a creative work, usually for a limited time. The creative work may be in a literary, artistic, educational, or musical form.For example: cover music, paintings
- Patent
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. For example: Proton X70, Iphone 13
- Trademark
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights. For example: Coca-Cola®, Twitter®
- Industrial Design
Industrial Design (ID) is the professional practice of designing products, devices, objects and services used by millions of people around the world every day. Fpr example: Coca-Cola contour bottle, Ipad
- Geographical Indication
A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. For example: tequila, champagne

5 differences between a conventional Entrepreneur and Cyberpreneur

Entrepreneur creating offerings for a marketplace but Cyberpreneur starting or running a business in cyberspace and the Internet

Entrepreneur runs a profitable business where profits exceed the costs of running the business but Cyberpreneur
who has online based business on the internet that targets international consumers.

Entrepreneur assumes a risk for the sake of profit but Cyberpreneur takes risk to start a information technology business or buy another person's information technology business

Online Business defined as the utilization of information and communication technologies in support of all the activities of business

Conduct using electronic media

Includes collaborating with distributors on sales promotions, interacting with and servicing the customers, and conducting joint research with business partners

C.ENTREPRENEURSHIP IN THE NEW ERA

The changing characteristics of entrepreneurs with the introduction of social media

Explain product adaption in 21st Century

Discuss the 21th Century entrepreneurial culture

Entrepreneur organizes and manages a business undertaking but Cyberpreneur who make money by selling product through the internet

Entrepreneur will accept full responsibility for the outcome

Characteristics of a successful Cyberpreneur

Have to be extremely passionate,

Have to possess excellent marketing skills

Our focus should be customer oriented

Learn to be flexible

New entrepreneurs wanted in this field should be goal oriented

Being a calculated risk taker

Be cautiously optimistic in this field

click to edit

Explain internet business

Describe internet marketing and digital trends

Discuss the success story of the successful international and local Internet business

Entrepreneurs in the 21st century adopt new organizational structures, ownership, management, and marketing methods to empower teams and employees to innovate and find solutions by asking better questions. Entrepreneurs in the 21st century use high-speed Internet and cloud technology to create global business opportunities.

The rise of social media as a marketing tool has a major impact on companies, especially start-ups. Once only a communication tool for young people, it quickly became an important aspect of any company's marketing plan. Social media can help build brand awareness. Most importantly, it can publish the correct information about the brand and let potential customers talk about it.

Online Business is any kind of business or commercial transaction that includes sharing information across the internet.

Internet marketing, also known as online marketing, is a subset of digital marketing that includes strategies you use to market yourself online. Digital marketing describes a set of marketing strategies that use digital channels to promote your products or services.

click to edit

International Internet Enterprise

Local internet company

• Amazon- Amazon.com, Inc. is an American multinational electronic commerce company withheadquarters in Seattle, Washington, United States

• Amazon.com started as an online bookstore, but soon diversified, selling DVDs, CDs,MP3 downloads, software, video games, electronics, apparel, furniture, food, toys, and jewelry.

• Technological innovation drives the growth of Amazon, offering customers more types of products, more conveniently, and at even lower prices.

Examples of successful Cyberpreneur

Mark Zuckerberg - Facebook founder & CEO

Jeff Bezos - Founder and executive chairman of Amazon

Describe the current and future challenges and oppurtunities of cyber business


Challenges

Opportunities

Malware Attacks

Phishing Attacks

Insider Threats

Publish and Sell Online Courses

Online Dropshipping Business

Start an e-Commerce store

click to edit

Celcom Axiata Berhad, DBA Celcom, is the oldest mobile telecommunications provider in Malaysia.

When the cellular phone market was opened up in 1995, Celcom upgraded to the GSM900 service and quickly grew to become the largest mobile phone company in Malaysia.

On 21 June 2021, Axiata, Telenor and Digi agree to a potential merger of Celcom and Digi to create a stronger telco in Malaysia, coming after advanced discussions that took place two months earlier.