BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A person who never takes risk in his firm is known as ____
A
Fabian
B
Imitative
C
Innovative
D
Drone
Explanation: 

Detailed explanation-1: -A Fabian entrepreneur is different from the risk-takers because he is afraid of taking risks or bringing innovation in entrepreneurship ventures.

Detailed explanation-2: -Fabian Entrepreneurs These are entrepreneurs that are very careful in their approaches and cautious in adopting any changes. They are not prone to sudden decisions and try to shy away from any innovations or change that doesn’t fit their narrative.

Detailed explanation-3: -Fabian: The Fabian entrepreneur is timid and cautious. He imitates other innovations only if he is certain that failure to do so may damage business. Drone: His entrepreneurial activity may be restricted to just one or two innovations. He refuses to adopt changes in production even at the risk of reduced returns.

Detailed explanation-4: -Expert-Verified Answer. The example of a Fabian entrepreneur is Tom Anderson and example for drone entrepreneur is are any entrepreneur of industry who still makes “bid” with hand.

Detailed explanation-5: -Fabian Entrepreneurs: They only imitate if they see fit and have a clear and broad picture of things. They are do not prefer to take risk, are very rigid and fundamental in there thinking to take risks. They mostly follow the traditional method and do not prefer to change.

There is 1 question to complete.