Entrepreneurial Ventures: Impact on Economy and Intrapreneurship

This presentation discusses the impact of small and micro businesses on the economy and evaluates their impact on different levels. It also explores the benefits of intrapreneurship for competitive advantage and compares public and corporate intrapreneurship. The course code and college/university are not mentioned.

Entrepreneurial
Ventures

Table of content
 Introduction
 Small and micro business affects economy at various levels
 With the help of relevant data and statistics, evaluate micro and small businesses with
large business enterprises and their impact on economy
 Appraise the impact of various enterprises on different levels of economy
 Similarities
 Differences

Table of content
 Define the benefits of intrapreneurship and its contribution to competitive advantage
 Evaluate the use of intrapreneurship and its benefits to organisations
 Conclusion
 References

Introduction
A small scale business is said to be an organisation having restricted number of
personnel, materials and cash. It might be a small enterprise, sole proprietorship or a
partnership having less staff, funds and other resources as compared to larger businesses (Reid,
Anglin and Pollack, 2020).

Small and micro business affects
economy at various levels
 Each industry is seeking a surge within the small as
well as micro businesses that is responsible for a crucial share
of economy while also contributing significantly to this.
 The increasing number of small as well as micro businesses
results in the generation of greater income through offering a
wide variety of services as well as products to the customers.
 Within the United Kingdom, the number of small enterprises
are large in number in distinct industries.

Continue
 As per the graph, the number of small as well as
micro enterprises within the UK is greater in
comparison to medium and large businesses
(Sami and Roychowdhury, 2022).
 Addition to it, small organisations are
generating more than 48% employment
opportunities in comparison to large businesses.
Furthermore, small and medium businesses are
responsible for 37% of total revenue.

Evaluation of micro and small
businesses with large business
enterprises and their impact on
economy
As compared to larger organisations, there are some of
the small as well as medium enterprises within the UK.
Such organisations have a great presence in every area
and industry that is contributing to the economy of the
country (Seo and Park, 2022). Contrary to it, large
companies produce considerable amount of money just
by offering products and services at superior quality
along with leveraging their brand value.

Appraise the impact of various enterprises on
different levels of economy
 Small and medium size enterprises have multiple impacts on
economy of the country at different levels. Small organisations can
compete with identical businesses at regional level through offer
products and services at superior quality which helps in directly
satisfying the needs and wants of the market share.
 Due to the fiscal issues, such businesses are concentrating on hiring
workers with less income and they also have restricted set of skills
in comparison to others. It is beneficial as it helps in reducing the
level of unemployment.

Public Intrapreneurship
 Public Intrapreneurship are those leaders within the
public sector in the form of local or national
governments or the representatives of the foreign
organisations that harness the authority of social
innovation as well as social entrepreneurship for the
purpose of creating public good through regulation,
policy or the public initiatives.

Corporate Intrapreneurship
 This is a kind of organisation that concentrates
on the process of utilising existing raw
materials, natural as well as technological
resources (Xiao, Lew and Park, 2021).
 The concept of corporate intrapreneurship is
concerned with an organisation who proposes
and manages a business activity within the
workplace.

Similarities
 The public as well as corporate intrapreneurs have
the power and capacity for stimulating and
motivating their human resources for harder
working for the purpose of attaining pre-
determined objectives.
 Both of these intrapreneurs lead to the execution
of the strategies as well as goals and make efforts
to get benefits from the perspectives.

Differences
The key objective of a Public intrapreneur is to bring
favourable modifications within the society for the
improvement of the living standards of people through making
use of the skills and abilities as well as expertise in order to
solve the complexities.
Such intrapreneurs are the ones who give priority to improve
the individual lives before generating profit for the
organisation.
Effective adaptations as well as modifications created by
public intrapreneurs for welfare of society can be used for
gauging their growth.
 Contrary to it, the revenue that
is earned within the
businesses can be used to
assess the performance as well
as development of the
corporate intrapreneur. The
primary objective is to
enhance profits of
organisations for the business
through satisfying the wants

Define the benefits of intrapreneurship and its
contribution to competitive advantage
 Intrapreneurs are in charge of the innovation process within
the organisation at time when entrepreneurs commence and
run their own business.
 Successful intrpreneurships use existing or old resources and
models for leading executions which provide benefit to
business.
 Those who work inside organisation are arguably getting
some threats in comparison to those who run own business.

Evaluate the use of intrapreneurship and its
benefits to organisations
This has been evaluated that intrapreneurs tend to get assistance from within the
workplace. An intrapreneur helps in developing innovation of idea and an entrepreneur brings
an innovative idea to the organisation. These are represented on inner drive as well as internal
business deals and also do not take risks and chase the opportunities as entrepreneurs do.

Conclusion
From above explanation of presentation, it has been concluded that small
and medium enterprises are operated with a limited number of financial, human,
technological and other key resources. These are small businesses and are crucial for
the economic development at many levels.

References
 Reid, S. W., Anglin, A. H. and Pollack, J. M., 2020. Leading Entrepreneurial Ventures: A
Psychology-Based Approach to Stakeholder Engagement. In The Psychology of
Entrepreneurship (pp. 145-163). Routledge.
 Sami, S. and Roychowdhury, S., 2022. Women in Small Entrepreneurial Ventures in
Kolkata: A Study of Motivational Factors and Challenges. Available at SSRN 4091518.
 Seo, R. and Park, J. H., 2022. When is interorganizational learning beneficial for inbound
open innovation of ventures? A contingent role of entrepreneurial
orientation. Technovation, 116, p.102514.

Thank You