Page 11 - IMDR EBOOK 20 OCT 2020

"Pandemic and Beyond: Naviga ng the New Normal" E - Book Year 2020

While every one of the above elements are valuable in creating conducive and
supportive entrepreneurial climate in any economy, the researcher attempted to seek
the most important driver among them in order to provide inputs to a targeted
approach to boost entrepreneurship. The ndings are presented in the graph and table
below –

Figure 9 – Most Important Driver In Entrepreneurship Ecosystem

The researcher nds that majority of the respondents, 45%, believe that cultivating and
nurturing innovation is the most important driver for entrepreneurship development
ecosystem. This nds sync with overall respondent view on business strategy which is
to think new and adopt different practices to survive and grow in the aftermath of
COVID19. Revitalizing and relooking of business plans in an economic environment
epitomized by uncertainty requires innovative approaches, and an environment that
cultivates and nurtures this approach. Inherent skills in individuals and ability in
business rms will be required to anticipate and respond to dynamic, uncontrollable,
exogenous factors, consistently.
The researcher attempted to evaluate whether statistically there is signicant
difference among various categories of respondents on the chosen hypotheses. The test
with respondents categorized on the basis of employment prole reveals the following
results–

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