A Study of the Impact of Place of Residence on Entrepreneurial Resourcefulness

The economic system largely depends on the emergence of new generation entrepreneurs. Fostering positive attitudes towards entrepreneurship is high on the policy agenda of several nations. It is the obligation of the prevailing education system to charge the graduating youth with entrepreneurial orientation. Entrepreneurial behaviour is a function of entrepreneurial resourcefulness. However, the nature of the relationship between entrepreneurial resourcefulness and other relevant factors in entrepreneurship has not been made explicit or empirically testable to date. The purpose of this study is to analyze the impact of the place of residence on entrepreneurial resourcefulness. Responses were collected from a sample of 200 final year post-graduate management students, selected randomly from leading management institutes in Warangal region and tested with ANOVA and multiple comparisons with the help of SPSS-19. The findings establish that place of residence had a profound impact on entrepreneurial resourcefulness. The respondents with urban background establish a comparatively stronger preference for resourcefulness followed by those with semi urban/rural location. The respondents from metro neighborhood trail behind the other two groups in their strength of preference for resourcefulness.