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How Government Regulation Can Be a Good Thing for Small Firms Essay Example

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How Government Regulation Can Be a Good Thing for Small Firms

How Government Regulation Can Be a Good Thing for Small Firms. It is evidently clear from the discussion that concerning the heterogeneity of small firms, it is clear that the benefits of government regulations are perceived in a different manner as well. The way influence is exerted on and the way regulation is reflected as a means ruling the society’s behavior should be considered from the perspective of the modern globalized context. In other words, government regulations should take into account interests of the small firms and at the same time enable these companies to represent social, legal and economic control. The important factor is to focus on the expansion and a constant growth of small business. Otherwise, they will increase their entrepreneurial income and there will be no growth or promotion.

Very often small firms are much concerned about the reduction of control. In case there is an option to decrease the levels of regulation, it is possible for the small businesses to correct their activities, which are beyond the government control. Objectively, it is relevant if the government underlines the important role of small business firms. Government regulations are represented from the wider perspective. Therefore, all markets represent different regulations and avoid being restricted by “right or wrong actions”.  Regulation is an integrative part of the government environment of the country we are living in. It requires high costs to develop a new business and in case a new reform of taxation is imposed on the small firms, it does not mean at all that the economy of that country is constrained.  There are many challenges for the UK firms and it is clear that regulation should be directed not on the restriction of the small firms’ operation, but on the advancement of operation of the small firms. Therefore, there is no need to consider government regulations in black or white color. It is much better to focus on the integrative and a constant nature of government regulations. There is no doubt that the government exerts disproportional influence on small businesses. How Government Regulation Can Be a Good Thing for Small Firms.

References

Anonymous 2006, The Impact of Regulation on Small Business Performance:

Understanding and Capturing the Direct and Indirect Effects of Regulation, DTI/BRE Conference on the Evaluation of Regulation.

Frye, T & Shleifer, A 1997, ‘The invisible hand and the grabbing hand’, The American

Economic Review, vol.87, no.2, pp.354-358.

Kaufman, BE 1997, Government regulation of the employment relationship, Cornell

University Press.

Tozzi, J 2011, ‘Regulatory thicket: Barrier to small business, or political bogeyman?’,

Business Week, [online], http://www.businessweek.com/smallbiz/running_small_business/archives/2011/11/regulatory_thicket_barrier_to_small_business_or_political_bogeyman.html

Urwin, P, Karuk, V, Buscha, F & Siara, B 2008, Small businesses in the UK: New

perspectives on evidence and policy, University of Westminster.

Walker, E & Brown, A 2004, ‘What success factors are important to small business owners?’,

International Small Business Journal, vol.22, pp.577-594.

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preview essay on How Government Regulation Can Be a Good Thing for Small Firms
  • Pages: 4 (1000 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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