example for imitative entrepreneur
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Answer:
The imitative entrepreneurs will do business of an existing product in any other country. Example: Walton BD. has introduced its motorbikes, refrigerators, televisions and other electronic appliances in Bangladesh not being the original inventor of those products.
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Imitative entrepreneur:
Explanation:
- Imitative entrepreneurs are those who imitate the idea or concept of existing entrepreneurs for setting up their own business venture in the same manner.
- These people copy the process, methods, and technology pioneered by some other people who do not have their own innovative or unique ideas for establishing ventures.
- Imitative entrepreneurs immediately copy the newer and distinguished inventions
- These are also called ‘copy cats’. These entrepreneurs are less risk-taker and do not like to face uncertainty, unlike innovative entrepreneurs.
- An example of an imitative entrepreneur is Weltom BD.
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