An Entrepreneur — Entrepreneurship STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipAn Entrepreneur3 Marks
Question
What are the features of adaptive/ imitative entrepreneurs?
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Answer
Following are the main features of imitative or adaptive entrepreneurs:
They have high level tendency to adopt knowledge and technology and innovation created by innovative entrepreneurs and implement them in their own ways.
They are adaptive and more flexible.
They are less creative and innovative but more active and hardworking.
They are always interested to adopt used up ideas and carry on the business activities.
Such entrepreneurs are found in developed and developing countries and called as a contributor of underdeveloped countries.
Usually, they are second generation entrepreneurs in a family business enterprise.
Example: The local mobile companies using the same technology as big companies to manufacture their products.
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