Q.Explain about the imitative entrepreneur.

An imitative (adoptive) entrepreneur copies and adopts the innovations and methods already introduced by innovative entrepreneurs rather than creating new ones.

The economist Danhof classified entrepreneurs by their stage of development into innovative, imitative (adoptive), Fabian and drone entrepreneurs. The imitative entrepreneur is the second type.

Features of an imitative entrepreneur:

• He does not innovate himself, but readily adopts the successful innovations, technologies and business methods of others.
• He learns from innovative entrepreneurs and applies their ideas to his own enterprise.
• He is ready to take a moderate risk and is quick to copy what has already been proved successful. …