what do you mean by 'innovative Entrepreneur' ? How it is different from imitative Entrepreneur?
Answers
Answer:
An innovative entrepreneur is a person who discovers totally new things.
Imitative entrepreneur:
Imitative entrepreneur:This person brings forth all factors of production together to start off from being cautious. In this he recreates everything to do with business from scratch and or basic initial level.
Imitative entrepreneur:This person brings forth all factors of production together to start off from being cautious. In this he recreates everything to do with business from scratch and or basic initial level.Its basically a phase in entrepreneurship in which the focus is on whether or not the products or services are some small or great extent different from the competition in market. For instance, t there are customers who are highly attracted to the company’s value proposition compared to its other choices in market.
Imitative entrepreneur:This person brings forth all factors of production together to start off from being cautious. In this he recreates everything to do with business from scratch and or basic initial level.Its basically a phase in entrepreneurship in which the focus is on whether or not the products or services are some small or great extent different from the competition in market. For instance, t there are customers who are highly attracted to the company’s value proposition compared to its other choices in market.They may lower startup costs because product development costs are minimal. This is stage of testing the waters before investing in something big. A stage of understanding the customer base.
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