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3 cards from this section. Quick, good the night before a test.
Define imitative entrepreneurs in simple terms.
Think about entrepreneurs who use existing models.
Give one example of where imitative entrepreneurs might thrive.
Consider businesses that sell food.
What do imitative entrepreneurs primarily do?
Think of how they reduce risks by using proven concepts.
True or False: Imitative entrepreneurs cannot innovate.
Consider how local adaptation may lead to new ideas.
Imagine you want to start a delivery service that imitates a popular model in your country. How would you differentiate your service to attract customers?
Think about what local customers might want that isn't currently provided.
Evaluate how an imitative entrepreneur can maintain originality while following successful models. What strategies could they employ?
Consider ways to add personal touches to a proven idea.
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