INTRODUCTION TO CYBERPRENEURSHIP - Coggle Diagram
INTRODUCTION TO CYBERPRENEURSHIP
is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
are professionals who leverage information technology to provide digitized access to their products or services over the internet. They come up with novel ideas to offer products and services to consumers via the internet, removing the hassle of going to a physical store to do business.
Explaining the meaning of Cyberpreneurship
-combination of the words “cyber” and “enterpreneur”.
-an enterpreneur who has online based bussiness on the internet that targets international consumers
-is someone starting or running a bussiness in cyberspace and the internet
or e-business is any kind of business or commercial transaction that includes sharing information across the internet. Commerce constitutes the exchange of products and services between businesses, groups, and individuals and can be seen as one of the essential activities of any business.
Difference between conventional entrepreneur and cyberpreneur
Assumes a risk for the sake of profit
Enterprise and accepts full responsibility for the outcome
A person who organizes and manages a business undertaking
Individual who takes risk to start a IT business or buy another person's IT business
Generally is an entrepreneur who makes money by selling products throught the internet
3 characteristics of a successful cyberpreneur
Initiative and responsibility
Confidence and Optimistic
2 examples of successful cyberpreneur in Malaysia
Vivy Yusof | Co-founder of Fashionvalet
Launched in 2010, Fashion Valet is a online fashion e-commerce site founded by Fadzarudin Anuar and Vivy Yusof, who have taken on the CEO and COO roles, respectively.
Christy Ng | Owner of Christyng.com
Christy Ng Shoes is an online shoe company offering a wide range of woman’s footwear based in Petaling Jaya, Malaysia.
2 statements on current and future challenges and oppurtunities of cyber business.
When engaging in international business, it’s important to consider the languages spoken in the countries to which you’re looking to expand.
It’s important and enriching to learn about the cultures of countries where you’ll be doing business.