Fabian entrepreneurs: Meaning & Best Examples

Fabian Entrepreneurs are very cautious and risk-averse, preferring gradual innovation. And they rely on proven methods. And thorough market research before making their strategic decisions. They won’t prefer the newest methods as much as they can since they don’t feel at ease using them. They are afraid to take chances that might have adverse effects on their business.They never make rapid decisions as contemporary business people. They want to have a clear understanding of new technology. And also its potential long-term applications. They check the feasibility. And then they will apply. Fabian Entrepreneurs always adopt dubious approaches in implementing new technology. (into their working environment of the business). They always feel that they are not comfortable with new technology. And they a in implementing and using a new technology.