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Techno Reviewer 2
Techno Reviewer 2
Techno Reviewer 2
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11. A person that has such a great passion for discov- Innovative Entre-
ering and developing new products, new ideas, and preneur
new processes.
12. who are willing to take risk in every new innovation Innovative Entre-
because they enjoy challenges. preneur
13. A person who immediately copies the existing prod- Imitating Entre-
ucts made by the innovative entrepreneur because preneur
there are no such new inventions or new innovations.
14. person that is skeptical about the changes that will Fabian Entrepre-
be made in the organization. neur
15. They are not risk takers as they wanted to anticipate Fabian Entrepre-
success into the market neur
16. Are reluctant to change as they are happy with the Drone Entrepre-
result of their business even if they have financial neur
losses.
19. who see a new technology development and under- Technology Users
take
20. close deals as they will diverse people to their busi- STRONG
ness ideas and products. COMMUNICA-
TION SKILLS
22.
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Tech-oriented as you will deal with the technical as- DEEP TECHNI-
pects of your idea or product. CAL UNDER-
STANDING
23. know how to gamble in the competitive environment TAKE BIG RISKS
to gain branding not all idea or product are meant to
be successful in the business world.
30. Focus on how they will improve their product and ser- Disruptive Innova-
vices, did not pay too much attention on the smaller tion
business
31. Innovation from inside the company focus on how th Breakthrough In-
customer interacts with the market novation
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35. Who describe research without any clear goals Soren-Peter Ole-
sen
36. He stated that the goal of basic research is to collect Hoffman 2017
information about how nature and people are put
together.
37. a basis that will improve a product or a service that Basic Research in
will gratify the consumers. Innovation
42. accountability
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It is a standard that the team members
and leaders have the full responsibility and
obligation in the innovations.
43. Proper hiring and staffing of the people in the Training and
organization is a must to make sure that they are Coaching
cautions of their responsibility and right mindset to
perceive the future innovations.
45. It is a need to track the results if it is already an ideal Observe and mea-
Return on Investment. That is how the company will sure
measure their profitability whenever they released
new products to sustain the needs of the company
as well.
46. If the company achieve their return to investment, Net Result and
incentives for their employees is one way motivation. Reward
There are several ways to motivate people aside from
financial aspect such recognition for a job well done.
47. the presenter must be fully prepared and knows what Presentation
is the topic thoroughly
52. ask questions to your audience in order for you to question presen-
know if they are interested and make them involved tation
54. make your audience or client prone from reading Photo-Only Pre-
slides word-for-word. sentation
55. tell a story where they will be interested to listen and Storytelling Pre-
focus too. sentation
56. set some captivating tune that will help your presen- Musical Presenta-
tation to standout tion
57. both visuals and audio content to make it as a video Video Presenta-
tion
59. selecting the best ideas among the list of different Idea Selection
innovative process.
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62. the ideas without potential have to be selected quick- Rough Selection
ly.
63. the sifted ideas are further selected to get ranking Fine Selection
64. ideas are qualitatively analyzed and evaluated on the Detailed Analysis
basis of criteria.
67. One of the top priorities in business is to meet the Customers needs
demands and needs of the customer.
71. He stated that market validation almost always takes Semick 2016
place before you've made significant investment in
your product/concept
72. an enormous task because the success of the busi- Decision making
ness relies on its process to come up with a great
solution.
79. seek out the best deal as they will I compare the de- Evaluation of Al-
tails of the product, read many reviews if the product ternatives
is poor or excellent and probably compare prices of
which is more affordable
80. He stated that they may have had prior experience Flekel, 2013
with this exact decision or maybe they succumbed
to advertising about the new product or service and
they want to give it a try
82. He stated that one bad experience of buyer's remorse Flekel 2013
and your branding perception could be tarnished for-
ever
83. This process depends on the evaluation of the vari- Evaluation of De-
ous assessment done for decision-making. cision
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85. generally used by startup companies or organiza- Business Model
tion that serve as a guiding tool to think of a better canvas
solution on how to generate new innovating ideas
and apply the strategies in marketing the products or
services.
87. The Business Model Canvas based on his earlier Business Model
book: Ontology
88. The nine elements that provides the business key Alex Cowan
drivers that is based on the Business Model Canvas
consists of the following by
89. What are the 9 elements of Business Model Canvas? Customer Seg-
ments
Value Proposi-
tions
Channels
Customer Rela-
tionships
Revenue Streams
Key Activities
Key Resources
Key Partnerships
Cost Structure
90. : Who are the customers? What do they think? See? Customer Seg-
Feel? Do? ments
92. - You should be able to visualize the individual cus- Segment Compo-
tomer types as "Personas" should understand what sition
they think, see, feel and do in your product.
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93. What job are you doing for the customer? What need Problems, Needs,
are you fulfilling? Make sure that you know what the Habits and Cur-
customers' really want and need at the same time, rent Alternatives
identify several alternatives that your customer uses
today.
97. How are these propositions promoted, sold and deliv- Channels
ered? Why? Is it working?
100. you need to think of ideas on how to reach out to your Awareness
consumers to introduce the company's products and
services.
105. How do you interact with the customer through their Customer Rela-
journey tionships
106. is an important aspect if you are doing a business be- Customer Rela-
cause your customer will be able to interact with you, tionship
they can ask questions precisely about the products
and services that the company is offering.
107. Customer relationship has three benefits that can Customer Reten-
provide to the company or organization. tion, Customer
Loyalty, Customer
Satisfaction
108.
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Companies that do a better job of managing customer Customer reten-
relations are more likely to see higher rates of this tion
109. When you have a good history with your customers, Customers Loyal-
it makes it more difficult for your competitors to lure ty
people away from your brand and is highly valuable
for businesses as repeat customers are nine times
more likely to buy from you than leads that have not
yet converted.
110. Positive customer relations give companies more in- Customer Satis-
sight into their customer's problems because it cre- faction
ates an open channel of communication for relaying
customer feedback.
111. How does the business earn revenue from the value Revenue Streams
propositions?
113. is the building block presenting the cash a company Revenue Stream
generates from each Customer Segment.
115. The customer pays in cash for the product and the Sale of physical
customer is then free do whatever she or he wants product
117. The customer pays, for example, once a month, or Subscription fee
yearly, for a particular service
119. your company gets its revenue from an intermediate Brokerage Fee
service.
121. company charges a fixed price for a product, if the Volume and Unit
customer choses to buy your product in higher quan- Selling
tities, they could get a discount
122. What uniquely strategic things does the business do Key Activities
to deliver its proposition
123. are the most important tasks a company must carry Key Activities
out in order to fulfill its business purpose. To be suc-
cessful, a company must carry out key actions that
are primarily dictated by its business model.
124. creates a bridge between your value propositions and Key Activities
the customer segments' needs.
125. Some typical key activities that are commonly prac- Research and De-
ticed by most organizations; velopment
Production
Marketing
Sales & Customer
Services
126. are required to liaise with all other functions of Research and De-
the company whether it be production, marketing or velopment
sales.
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127. What are the typical functions of a research depart- New Product Re-
ment search
New Product De-
velopment
Existing Product
Updates
Quality Checks
Innovation
128. producing a new product needs a lot of effort from New Product Re-
ideas to the production Research and Development is search
a department that undergoes all the possible under-
taking in designing the product, the expected produc-
tion costs and the time that it will take to producing
the product.
129. Through the research and development department, New Product De-
the product research eventually leads the develop- velopment
ment of the product due to the results achieved from
the research phase.
130. must make sure to examine the existing products if it Existing Product
requires an upgrade according the consumer's needs Updates
and benefits.
131. collaborate with the Quality Assurance Team in con- Quality Checks
trolling and do inspection process on the products.
They can evaluate all the products if it achieved the
quality standards set by the company.
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Production Ca-
pacity
Production Plan-
ning
Production Con-
trol
Quality and Cost
Control
Inventory Control
Maintenance and
Replacement of
Machines
134. the first step is to select the right product and the Selection of prod-
right design for the product uct and design
135. The production management must have full knowl- Selecting Right
edge of the expected demand for the product and Production Ca-
set the production capacity accordingly, since either pacity
a dearth or a surplus of the product may lead to
problems for the company.
137. The production manager must decide on the routing Production Plan-
and scheduling of the product. Routing is aimed at ning
creating a smooth flow of work by discovering the
easiest and most economical flow of work. Schedul-
ing, on the other hand, refers to the timing of activities
by mentioning a start and end time for each.
140. This is where most products are being checked to Inventory Control
make sure that there will be no overstocking or under-
stocking. Overstocking means the company will be
spending more money on materials that will ultimate-
ly go to waste. Understocking will affect production
and result in late deliveries.
141. The production manager must monitor the condition Maintenance and
of the machines and schedule regular maintenance Replacement of
to ensure that it will function continuously to avoid Machines
unexpected breaks in production.
142. is responsible for the growth of the company by get- Marketing Depart-
ting word of the company's existence and the value it ment
provides to its customers. The
145. have the full knowledge on how to market the prod- Market Research
ucts and services of the company.
148. works closely with the Sales team by providing them Sale Support
with customer leads, as well as promotional materials
for potential customers.
150. play a key role in the purchase and post purchase Sales & Customer
behavior and experience of your customer. Services
151. What are the role of Sales and Customer Service Handling Prob-
lems
Assisting in Sales
Clerical Tasks
152. Customer service representatives are the ones that Handling Prob-
handles customers call in case they need to clarify lems
something or they have a complaint about the prod-
ucts and services of the company. They have to be
customer-focused in order to maintain harmonious
relationship and to get positive feedback from their
customer to improve their services.
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153. Customer representatives help increase the sales of Assisting in Sales
the organization because they are the front officer
to their customers. They educate customers on the
value propositions the product offers.
154. The clerks are representative of the organization that Clerical Tasks
handles the role of the customer services representa-
tives wherein if customers would like to inquire about
the product and what are the possible suggestions.
155. What unique strategic assets must the business have Key Resources
to compete?
156. are the main inputs that your company uses to create Key Resources
its value proposition, service its customer segment
and deliver the product to the customer.
158. are what we call tangible resources that most compa- Physical Re-
nies or organization uses to create its value proposi- sources
tion. Probably it includes equipment, inventory, build-
ings, manufacturing plants and distribution networks
that enable the business to function.
160. are specifically the people behind the organization. Human resources
The employees are the most important assets of an
organization.
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161. includes cash, lines of credit and the ability to have Financial Re-
stock option plans for employees sources
162. What can the company not do so it can focus on its Key Partnership
Key Activities?
164. This provide an idea where two companies will de- Strategic al-
velop harmonious relationship. Your company and liances between
another company can partner if you have no direct non-competitors
competition with and together both will be benefited.
167. In every business, the buyer and supplier should Buyer-supplier re-
incorporate the characteristics of trust, quality, and lationships
commitment between them to maintain an amicable
relationship to achieve success.
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168. What is the business' major cost drivers? How are Cost Structure
they linked to revenue?
169. defines all the costs and expenses that your company Cost STructures
will incur while operating your business model.
170. There are two main categories of cost structure value-driven cost
cost-driven.cost
171. to create more value in the product itself, not neces- Value-Driven Cost
sarily producing the product at the lowest possible
cost.
172. structures focus on minimizing the costs of the prod- Cost-Driven Cost
uct or service as much as possible.
175. is a legal term used to describe the rights that cre- Copyright
ators have over their literary and artistic works.
177. is to protect the time, effort, and creativity of the Copyright Law
works creator
178. gives the copyright owner certain exclusive rights Copyright Acts
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way of doing something, or offers a new technical
solution to a problem.
180. cover anyone who invents a new and useful process, Utility Patents
article of manufacture, machine, or a composition of
matter.
181. include an original, new, and ornamental design for a Design patents
manufactured product.
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