Impact of Small and Micro Businesses on Economy and Intrapreneurship

This presentation discusses the impact of small and micro businesses on the economy, evaluates their impact on different levels, and compares them with large enterprises. It also defines and evaluates the benefits of intrapreneurship for organizations. The subject is Entrepreneurial Ventures and the course code is ESBM Unit 9.

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 business is considered to be a business that has less
personnel and revenue than a regular size business. It can be a small
enterprise, sole proprietorship or a partnership having limited resources
making them a small venture.

Small and micro business
affects economy at various
levels All the markets and needing small as well as micro
businesses to work well to be responsible for a crucial
share of economy while also contributing significantly
to this(Harel, Schwartz and Kaufmann, 2020).
 As there are many small as well as micro businesses
it results in the generation of greater income for the
whole country.
 Within the United Kingdom, the small and micro
businesses are in very large number.

Continue
 According to the graph, the number of
small as well as micro enterprises
within the country is more than the
medium and large businesses. Also,
small organisations are generating
more than 48% employment
opportunities in comparison to the
other businesses (Buffington and et.al.,
2020) .

Evaluation of micro and small
businesses with large
business enterprises and their
impact on economy
As compared to large enterprises the small
businesses are present in many numbers
and in multiple markets across the nation.
But it has to be noticed that large
companies produce extensive amount of
money just by presenting merchandises and
services at greater quality along with
impacting their brand value.

Appraise the impact of various enterprises on
different levels of economy
 SME enterprises have multiple impacts on economy of the country
at different levels. Small organisations faces competitions at a local
level from their counterparts who provide services at superior
quality which helps in directly satisfying the needs and wants of the
market share.
 But sometimes such businesses are concerned on hiring workers
with less pay and they also have limited set of expertise in contrast
to others. It is beneficial as it helps in decreasing the level of
unemployment (Cantele, and Zardini, 2018).

Public Intrapreneurship
 Public Intrapreneurship are those people
within the public sectors that are from the
local or national governments or the
representatives of the foreign organisations
that connect the authority of social
revolution as well as entrepreneurship for
the purpose of creating better products for
public innovations (Pandey, Gupta and
Hassan, 2020).

Corporate Intrapreneurship
 These are the organisations that
concentrates on the development of
utilising existing materials, natural as
well as technological resources.
 The concept of corporate
intrapreneurship is related with an
organisation who proposes and
facilitates a business activity within
the workstation.

Similarities
 The public as well as corporate
intrapreneurs have the power and
potential to influence the human
resources for working hard for the
purpose of attaining objectives.
 Both of these intrapreneurs lead
strategizing to get benefits for the
company from the features.

Differences
The key function of a Public intrapreneur is to keep
their business within the society for the
development of the living principles of people
through making use of the skills as well as
expertise in order to crack the difficulties.
Such intrapreneurs are the ones who give
significance to improving the singular lives before
creating profits for the organisation.
Actual versions as well as modifications created by
public intrapreneurs for wellbeing of society can be
used for evaluating their growth.

Define the benefits of intrapreneurship and its
contribution to competitive advantage
 Intrapreneurs are in custody of the invention process
within the organisation at time when entrepreneurs
originate and run their own corporate.
 Successful intrpreneurships use present or old
resources and models for chief executions which
provide value to business.
 Those who work inside administration are possibly
getting some threats in comparison to those who route
their own business (Wan and Liu, 2021).

Evaluate the use of
intrapreneurship and its benefits
to organisations
This has been evaluated that intrapreneurs incline to get assistance
from inside the workplace. An intrapreneur helps in emerging innovation of
idea and an industrialist brings an innovative idea to the organisation. These
are represented on inside drive as well as internal commerce deals and also do
not take risks and chase the opportunities as entrepreneurs do (Woo, 2018).

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

References
• Harel, R., Schwartz, D. and Kaufmann, D., 2020. Organizational culture
processes for promoting innovation in small businesses. EuroMed Journal
of Business.
• Buffington,and et.al., 2020. Measuring the effect of covid-19 on us small
businesses: The small business pulse survey (No. 20-16).
• Cantele, S. and Zardini, A., 2018. Is sustainability a competitive advantage
for small businesses? An empirical analysis of possible mediators in the
sustainability–financial performance relationship. Journal of cleaner
production, 182, pp.166-176.

Thank You