BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A person who adopts the idea from somebody is known as ____
A
Fabian
B
Imitative
C
Innovative
D
Drone
Explanation: 

Detailed explanation-1: -Adoptive or Imitative Entrepreneur: There is a second group of entrepreneurs generally referred as imitative entrepreneurs. The imitative entrepreneurs copy or adopt suitable innovations made by the innovative entrepreneurs. They does not innovate the changes himself. They only imitates technology innovated by others.

Detailed explanation-2: -Imitating entrepreneurs: The imitating entrepreneurs are those who immediately copy the new inventions made by the innovative entrepreneurs. These do not make any innovations by themselves; they just imitate the technology, processes, methods pioneered by others.

Detailed explanation-3: -Even though Imitators have an extraordinary ability to revolutionize existing ideas, they tend to do things on their own terms and are willing to take risks to make their vision real. Mark Zuckerberg, Co-founder, Chairman, and CEO of Facebook, is an Imitator.

Detailed explanation-4: -An intrapreneur is an employee who is given the authority and support to create a new product without having to be concerned about whether or not the product will actually become a source of revenue for the company.

Detailed explanation-5: -The imitative entrepreneur is also known as the adoptive entrepreneur. He simply adopts successful innovations introduced by other innovators. The Fabians entrepreneurs are timid and cautious. He will imitate other innovations only if he is certain that failure to do so may damage his business.

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