Innovation and Technological

Entrepreneurship

Name- Diksha Singh

Section-B
Roll no.- 15
Branch- B-Tech (CS)
Innovation and Technological Entrepreneurship

• Today we live in a technological era, where competition has

become knowledge-based. Technological innovations
results when new rules and ideas find practical use through
being applied and commercialized by entrepreneurs.
Technological innovation contributes to higher levels of
economic output and can deliver new goods and services that
change human lives and capabilities. Moreover, there is
growing interest in the relationship between technological
innovation (and entrepreneurship) and how it can promote
global growth and development.
 The Importance of Technology in Entrepreneurship

• Communication: Good communication is necessary to allow

efficient flow of information in a business. Technology
provides multiple channels for businesses to communicate
both internally and externally where employees can interact
and develop ideas, or connecting to international businesses
through the use of video conferencing.

• Web Based Advertising: one the most beneficial use of

technology is advertising to millions of people around the
globe just at a click of a button. Web-based
advertising consists of websites and social media.
• Research and Development: Through the use
of technology, This is extremely useful as it provides
businesses with in-depth knowledge about markets.

• Smart Gadgets: It made work of an entrepreneur

much easier. Making appointments with clients or
investors, reaching out to people becomes so easy when
you have a device in hand that need nothing but signals.
Internet, emails are becoming a companies’ card to save
money and making life easier.
 How Entrepreneurs Use Technology to Enhance Their Everyday
Business Practices

• Real-Time Digital Tracking: Real-time digital tracking of all physical

goods. It benefits a business by allowing them to immediately tell their
customers how long a member of staff will be and also if there are any delays
in their response, due to traffic or other external circumstances.
• Long-Distance Collaboration: Through the use of communication
technology, giving us the opportunity to work with the best of the best from
all over the world. With platforms like Google Docs and Sheets, we can track
data and share ideas all in one place. we can also have important face-to-
face meetings.
• Organization: In the modern world, everyone needs to be taught how to
be organized and productive from a young age, but we are somewhere
lacking the skills to be organize their thoughts into plans. Productivity tools
like Notion and Google Drive can improve anyone’s productivity, creativity.
THANK YOU !!