ENTREPRENEURSHIP

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: -Innovative Entrepreneurs This type of an entrepreneur is more interested in introducing some new ideas into the market, organization or in the nation. They are drawn towards innovations and invest a lot of time and wealth in doing research and development.

Detailed explanation-3: -Imitative or adoptive entrepreneur They duplicate the technology and techniques innovated by others and they are suitable for underdeveloped countries. Imitative entrepreneurs are characterized by readiness to adopt successful innovations inaugurated by successful innovating entrepreneurs.

Detailed explanation-4: -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-5: -Imitative: Imitative entrepreneur is also known as adoptive entrepreneur. He adopts successful innovation introduced by other innovators.