Activity 1
Group Members
1. Mohammad Harith Bin Ismail Salimi, 05DDT20F1034
2. Dexter Skudd Ak John Rizal, 05DDT20F1038
3. Akhtar Nur Afif Bin Ramzi, 05DDT20F1028
4. Samson Riger Anak Samuel Kruger, 05DDT20F1076
Definition of cyberpreneurship
i. Entrepreneurship
- An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
ii. Cyberpreneurship
- Cyberpreneurs 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.
iii. Online business
- An online business is a business managed entirely on the internet. Online businesses may enclose selling goods, services, training and SaaS solutions.
Intellectual Property
Entrepreneurship In The New Era
Discuss the 21th Century entrepreneurial culture.
5 differences between a conventional entrepreneur and cyberpreneur.
Entrepreneurship
- A person who organizes and manage a business undertaking.
- Assumes a risk for the sake of profit.
- Enterprise and accepts full responsibility for the outcome.
- Does not need internet to operate.
- Focus on the market.
Cyberpreneur
- Generally is an entrepreneurs who make money by selling product through the internet.
- Individual who takes risk to start a IT business or buy another person's IT business.
- Need Internet to operate.
- Sell their brand through media social platform such as facebook, youtube, amazon, and more.
- Can create loyal followers or community and gives endorsement to the service in exchange of sponsorship.
Successful cyberpreneur characteristic
Commited
Creative and innovative
21st century entrepreneurship is about creating and growing for-profit businesses and other types of social enterprises that add value beyond the traditional businesses.
21st century entrepreneurs uses cloud-based technologies can be used create global business opportunities with limited capital investment.
A 21st century entrepreneur knows how to harness technologies to add value to the services delivered to existing clients and extend the reach of his or her client-base
The changing characteristics of entrepreneurs with the introduction of social media.
Social media is the second marketing and undeniable marketing through social media that can enhance the growth of a company. It also allows companies and their customers to communicate directly and frequently, form strong relationships and even allow them to collaborate on projects.
Through social media a business can build a fan base and receive feedback from their target audience so they can improve and remove their weaknesses.
Product adaption in 21st Century
- Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet. Businesses used internet for lots of purpose such as research on competitors, buys or sell product and services and measure customers interest base on their review.
- Internet marketing is a subset of digital marketing that includes strategies you use to market yourself online. To qualify as an Internet marketing strategy, it must require the Internet to work and connect with leads. Internet marketing focuses on building a presence on the media.
- Konosuke Matsushita.
In Japan in 1917, a 23-year-old apprentice at the Osaka Electric Light Company with no formal education came up with an improved light socket. His boss wasn’t interested so young Matsushita started making samples in his basement. He later expanded with battery-powered bicycle lamps and other electronic products. Matsushita Electric, as it was known until 2008 when the company officially changed its name to Panasonic, is now worth $66 billion.
- Pierre Omidyar
In 1995, a computer programmer started auctioning off stuff on his personal website. AuctionWeb, as it was then known, was really just a personal project, but, when the amount of web traffic made it necessary to upgrade to a business Internet account, Omidyar had to start charging people fees. He actually hired his first employee to handle all the payment checks. The site is now known as eBay.
- Steve Jobs
Steve Jobs has been known as an iconic figure for the establishment of Apple like the biggest company. However, it is extremely shocking to know that the $2 billion company with over 4000 employees has been started with only two persons in a garage. It is also to be noticed that this great establisher has been dismissed and fired from the company from which he has started his career. Further, realizing his potential and capabilities, Steve Jobs proceeded further towards establishing this biggest company which is famously known as ‘Apple’.
Example of successful cyberpreneur
Jeff Bezos
Mark Zuckerberg
Founder And CEO of an e-commerce company called amazon
Founder and CEO of a company called Facebook
Types of Intellectual Property
Copyright
Based on a quick google search, Copyright is defined as the exclusive and assignable legal right, given to the originator for a fixed number of years, to print, publish, perform, film, or record literary, artistic, or musical material.
Copyright includes literary works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. Right related to copyright include those of performing artists in their performance, producers and phonograms, and those of broadcasters in their radio and television programs.
Disney Copyrighted Movies
Patent
A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Trademark
A trademark is a symbol, word, or words legally registered or established by use as representing a company or product.
Industrial Design
Industrial design is the professional service of creating and developing concepts and specifications that optimize the function, value and appearance of products and systems for the mutual benefit of both user and manufacturer.
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. In order to function as a GI, a sign must identify a product as originating in a given place.
Patent of a Counterfeit Currency Detector
The Iconic McDonald Logo
Design Texture of a Coca Cola Bottle
Swiss Watches from Switzerland
Parmesan Cheese form Italy