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In: Operations Management

Discuss the global opportunities that are available for technopreneurs. (15 marks)

Discuss the global opportunities that are available for technopreneurs.

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Expert Solution

In the digital era, the technopreneurs are availed with global opportunities to undertake a wide range of business activities into different genres. The technopreneurs are having long set technical areas that can be implanted in work standards to run businesses online. The online businesses are much convenient to make a global outreach, the technopreneurs are having opportunities to coming up with new ideas of making business by utilizing technology.   

The most concentrated sector running in the present times is the online cab booking system. The process is entirely technology-dependent and the technopreneurs can successfully lead the business across different countries of the world. For example, UBER is the global platform used for online cab booking system and technopreneurs can run their business in such types of areas. The entire process is conducted on mobile applications with the help of the internet.

The customers all around the globe are registered on such applications to avail services and as per requirement; the customer's book cab for their preferred choice of ride destination. Through GPS (Global Positioning System) tracker, the customer’s locations are being traced and in this way, the customer avails the facilities and pays the fees as traveling distances. This is one example of global opportunities that are available for technopreneurs to make it use to lead a business process.      

The second example is digital marketing that is used to boost the websites of different companies to strengthen the business process. Many technopreneurs have landed on the platform of digital marketing business and such a process involves the internet and a computer. The technopreneurs get in touch with many global and local clients who have designed their websites to sell products in the market. However, due to not having a stable rank or lesser marketing idea, the website is not being promoted to the top search list. The technopreneurs work on this area to make a website rank higher for boosting up the business level for companies.

The technopreneurs have ample of scope to choose this path and can get global opportunities to undertake business activities. The technopreneurs can take up the project from the customers of the global range and work on websites to upscale the visitor’s traffic. It will enhance the sales graph of their business and not only websites, but such a process can also be done for social media platforms to engage customers to sell particular product based categories. In this way, the technopreneurs can lead the business process and there remain many opportunities available to them with the use of technology.                                                                                  


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