BACHELOR OF BUSINESS ADMINISTRATION

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: -Imitative: Imitative entrepreneur is also known as adoptive entrepreneur. He adopts successful innovation introduced by other innovators.

Detailed explanation-3: -1. Refers to entrepreneurs’ alertness to opportunities and having a high degree of flexibility in business transactions through quick response to changes in the business environment.

Detailed explanation-4: -According to Haunschild and Miner (1997), imitation occurs when one or more firms mimic a successful practice of an innovative firm. It is also argued that many firms often imitate the processes and standards of innovative businesses in order to survive amidst the fierce competition (Weterings and Boschma 2009).

Detailed explanation-5: -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.