Relationship between entrepreneurship ecosystems and entrepreneurial mindset development among students

Abstract

The purpose of this empirical study is to examine the impact of entrepreneurship ecosystem (self-efficacy, creativity, entrepreneurial skills, improvisation) on entrepreneurial mindset development among the students. The design for this study was survey, cross-sectional and the data was collected through primary method using self-administered questionnaire. Out of 600
population, data was collected from 234 sampled respondents that was arrived using Krejcie and Morgan table. However, only 170 were effectively considered for analysis in the study. In terms of analysis, this study analyzed the data using descriptive and inferential (correlation) analysis. The result of Pearson correlation revealed a significant positive relationship exists between entrepreneurship ecosystem determinants and mindset development. In line with the study findings, the study recommended that, in order to improve students’ self-efficacy, entrepreneurship community should be opened in higher institutions in which insights and thoughts should be shared among students so that business challenges ought to be addressed through their developed entrepreneurial mindset. Further, business practitioners should teach students on ways to develop their entrepreneurial insights. Furthermore, entrepreneurial creativity should be stimulated in tertiary institutions by creating facilities to boost creativity and initiating business competition among students.