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An Entrepreneur — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipAn Entrepreneur3 Marks
Question
Write down the features of Fabian entrepreneurs.
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Answer

Following are the main features of Fabian entrepreneurs:
  1. They are shy, inactive and basically lazy and do not show any enthusiasm.
  2. They are not interested and willing to accept risk and likely to perform only such activities where success is guaranteed.
  3. They are also influenced by customs, traditions, religions and past experiences.
  4. Most of the time they adopt old age or traditional method of production.
  5. They are very cautious, timid and skeptical while practicing any change.
  6. They do not venture or take risks.
  7. They are rigid and fundamental in their approach.
  8. Usually, they are second generation entrepreneurs in a family business enterprise. They follow the footsteps of their predecessors.
  9. They are generally found in underdeveloped countries

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