Acceso usuarios
Purpose: The aim of this study is to ascertain the perceived impacts of implementing the microenterprise law and use it as a global benchmark for other international laws concerning microenterprises.
Theoretical framework: The Grand Unified Theory of Business Development by Varun Sharma (2015) served as the theoretical foundation of this study as it suggests how a firm should be run for the greatest profit, whether it is a micro, small, medium, or large corporation.
Design/methodology/approach: The qualitative research design was used wherein qualitative data were gathered thru the conduct of structured individual interviews and small focus group discussions with the stakeholders namely; Microenterprise operators/owners, consumers, suppliers, employees, and government bodies using the five law incentives and privileges as the determinants of its impact.
Findings: The results showed that the impact of the implementation of the microenterprise law (BMBE Law) as perceived by BMBE owners, consumers, suppliers, employees, and government bodies was generally positive and favorably advantageous to all five identified stakeholders which were further categorized into various themes and category.
Research, Practical & Social implications: The study affects the financial status of microenterprises as it measures the impact of government-aided assistance as the basis of providing enhanced benefits and privileges for microenterprises for eventual conversion to a higher form of business formation.
Originality/value: The study paved the way for creating a value-adding understanding of how impactful government-aided assistance and privileges to the microenterprises are the foundation of a strong business economy.
