ENTREPRENEURSHIP

Detailed explanation-1: -The Kodak Corporation is a well-known illustration of Fabian entrepreneurship; it need no introduction. They used to be a leading manufacturer of analogue cameras. They did not, however, adopt contemporary technology or significantly alter their products.

Detailed explanation-2: -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-3: -The main difference between Fabian and drone entrepreneurs lies in the fact that while Fabian entrepreneur adopts to changes eventually as a last resort, drone entrepreneur never adopts himself or herself to change.

Detailed explanation-4: -Imitative entrepreneurs need to nevertheless differentiate themselves from existing businesses; otherwise they risk being seen as copycats. Example: The Samwer brothers, Alexander, Marc and Oliver, are famous for cloning companies such as eBay, Airbnb, Facebook, Pinterest, and Groupon.