ANTICIPATED STRATEGY TO REDUCE INFORMAL ENTREPRENEURIAL CULTURE: INSIGHTS FROM PAKISTAN

Abstract

Purpose of the study: The policy tactics concerning minimizing informal entrepreneurship have been dominant in developed nations but with fewer developing nations. Which policy approach(s) is (are) best entrepreneurs to eradicate or minimize the informal entrepreneurial practices in the eyes of informal? Methodology: The target population had comprised of micro and small firms from two sectors: retail and manufacturing. The unit of analysis is the individual. Respondents are informal entrepreneurs who are working in the Gujranwala district. Finally, a sample size of 30 has been used in this study. Fifteen respondents were selected from each sector. Evaluate the thematic analysis is a better fit for this study, and interpretive phenomenological analysis is unsuitable. The researcher of this thesis has transferred thirty transcripts into qualitative software NVivo 10 when thirty interviews had been transcribed. Main Findings: Finally, this study concludes that sectoral variations like informal work identified by various international studies would not suit one universal policy approach. The landscape of informal entrepreneurship is not homogenous in Pakistan. This study would have proposed that a cross-sectoral comparison will be conducted in the future in Pakistan. Furthermore, researchers can explore the causes of lack of trust in government and barriers to face policy implication in future studies. Applications of this study: The findings of this research are essential for practical implication as well as theoretical knowledge. This study will be helpful for Pakistani government institutes/departments at the federal, provincial, district, and town levels to minimize the informality culture. Novelty/Originality of this study: It could predominantly contribute to knowledge on reducing the informality culture. Some factors have not been explored before this study.