Nikita Rajpurohit and Arvind Kakulte
Sir Parshurambhau College, Pune
Pages:259-266
This research paper examines the differential impact of any unpredictable adversity on
the resilience of individuals with businesses and employees. In a VUCA world economies
are disrupted worldwide, understanding the varying effects on resilience becomes
crucial for supporting individuals in their recovery and adaptation. By comparing the
experiences of business owners and employees, this study aims to shed light on the
distinct challenges and coping mechanisms employed by each group. The research
utilizes a mixed-methods approach, combining quantitative surveys and qualitative
interviews. Quantitative data is collected through the Connor Davidson resilience scale
and it was distributed to a diverse sample of business owners and employees from
various industries, A survey was taken of 124 people out of which 66 individuals had
jobs and 51 individuals owned businesses. The ex-post factor research was used. It
was observed that the average resilience of business owners is more than the average
resilience of people with jobs. The qualitative component consists of in-depth interviews
with select participants, offering rich insights into their experiences and perceptions.