BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Drone entrepreneurship is characterized by a refusal to adopt and use opportunities to make changes in production. They are laggards as they continue to operate in their traditional way and resist changes.

Detailed explanation-2: -(d) Drone Entrepreneurs: Drone entrepreneurs are characterized by a refusal to adopt opportunities to make changes in production formulate even at the cost of severely reduced returns relative to other like producers.

Detailed explanation-3: -Drone Entrepreneurs These are entrepreneurs who do not like a change. They are considered as ‘old school’. They want to do business in their own traditional or orthodox methods of production and systems. Such people attach pride and tradition to even outdated methods of doing business.

Detailed explanation-4: -Fabian Entrepreneur: The third type is Fabian entrepreneur. By nature these entrepreneurs are shy and lazy. This type of entrepreneurs have neither will to introduce new changes nor desire to adopt new methods of production innovated by the most entrepreneurs.

Detailed explanation-5: -Drone Entrepreneurs won’t accept the changes. They will try to run their business in the traditional way and they will even accept loss but not willing to adopt the changes. Example: There is a tobacco making industry which is still making tobaccos entirely by hand. Not willing to use the machines.