Q.Who is a Drone Entrepreneur ?

Drone entrepreneurs, in Danhof's classification, are those who resist change and refuse to adopt new methods or technology even at the cost of reduced returns or losses. Danhof classified entrepreneurs, on the basis of their stage of economic development and attitude to change, into innovative, imitative (adoptive), Fabian and drone entrepreneurs. The drone entrepreneur is described as follows: - Meaning: a drone entrepreneur is one who is completely opposed to change and continues to operate in the traditional way. - Attitude to opportunity: he refuses to adopt new technology, methods or opportunities even when others are earning higher profits by doing so. - Result: because of this rigid resistance, the drone entrepreneur may run into losses, and may even be forced to shut down or leave the industry as competitors advance. - Nature: he is a laggard who resists any innovation and is satisfied with the existing mode of business …