INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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fabian entrepreneur
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innovative entrepreneur
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imitative entrepreneur
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drone entrepreneur
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Detailed explanation-1: -Imitative entrepreneur is one who simply imitates existing skill, knowledge or technology already in place in advanced countries.
Detailed explanation-2: -Imitative: Imitative entrepreneur is also known as adoptive entrepreneur. He adopts successful innovation introduced by other innovators. 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.
Detailed explanation-3: -• Imitative Entrepreneurship They simply adopt and imitate the techniques and technology innovated by others. They operate with limited resources. Such entrepreneurs are found in developing economies and they prefer to imitate technology available in developed countries and also they become an entrepreneur by adoption.