1. The entrepreneurs tend to have a practical concern that unforeseen innovation may cause a disaster.
2. Fear of losing profits in the event innovation does not translate to the expectations.
3. Where the entrepreneur holds a monopoly position in the market, there is fear of losing authority and control.
4. Desire to preserve the existing market confidence.
5. Fear of upsetting tradition in production management and market scope.
6. Fear of opening a loophole to competition hence loss of business grip.
lydiajane74 answered the question on May 4, 2018 at 19:56
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