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Question 13 of 17

Q.Which one of the following is not a characteristic of a Fabian Entrepreneur ?

(a) Sceptical
(b) Conservative
(c) Adaptive
(d) Risk averse
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2024MCQ· 1mImportance★★★★★
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Fabian entrepreneurs are sceptical, conservative and risk-averse but not readily adaptive, so "Adaptive" is not their characteristic — option (c).

In Danhof's classification (by stages of development) entrepreneurs are grouped as innovating, imitative/adoptive, Fabian and drone. A Fabian entrepreneur is:

  • Sceptical — doubtful about trying new ideas.
  • Conservative — reluctant to change established methods.
  • Risk-averse (cautious) — unwilling to take chances, and shy and lazy in outlook. …

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