Microbusiness in Australia: Driver of Growth or a Poor Cousin? Lessons from the International Experience

Research output: Chapter in Book/Report/Conference proceedingConference Paper published in Proceedingspeer-review

Abstract

There is evidence to indicate that the Australian government has for many years inadequately addressed the concerns of microbusiness as an important contributor driving future entrepreneurial and economic development. This paper argues that the microbusiness sector contributes significantly to Australia's economy, its social fabric and its ability to evolve, innovate, incubate and meet changing economic demands. However, this is constrained by a lack of due recognition accorded to the sector generally. The paper contends that to maximize the potential of this sector, carefully considered legal, regulatory and support mechanisms need to be designed and implemented. It is also contended that Australia lacks an appropriately defined microbusiness category that could be used to create suitable laws, regulations and support systems. Drawing on international evidence, this paper recommends a way forward to address this impasse.
Original languageEnglish
Title of host publicationFacets of Business Excellence in Marketing and Strategy
EditorsRenato Pereira, Rajeev Sharma, Antonio Robalo, Sandeep Puri, Jayanthi Ranjan
Place of PublicationNew Delhi, India
PublisherBloomsbury Publishing
Pages463-472
Number of pages10
Edition1
ISBN (Print)9789388630054, 9789388630061
Publication statusPublished - Nov 2018
Event3rd International Conference on Facets of Business Excellence: Think out of Box: Digital Technology for Strategic Advantage - IMT (Institute of Management Technology), Ghaziabad, Delhi NCR, India
Duration: 22 Nov 201826 Nov 2018
Conference number: 3
https://www.imt.edu/fobe2018/

Conference

Conference3rd International Conference on Facets of Business Excellence
Abbreviated titleFOBE 2018
CountryIndia
CityDelhi NCR
Period22/11/1826/11/18
Internet address

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