Impact of Small and Micro Businesses on Economy and Intrapreneurship

This presentation evaluates the impact of small and micro businesses on the economy with relevant data and statistics. It discusses the role of small and medium-sized organizations in growing and expanding the economy of the country. It also explains the benefits and contribution of intrapreneurship to competitive advantage for organizations.

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

Introduction
The small scale business is a type of business which
requires less number of employees and resources. These
involves mainly the sole proprietors. It has limited capital
in comparison to the large scale businesses. But, it impacts
the growth of the economy in long run. These are the firms
that require less workforce as less quantity of goods are
being produced by them in the organisation(Apulu and
Latham, 2019).

Small and micro business affects
economy at various levels
 The micro businesses indirectly impacts the growth of the
economy of UK. This is because it is the vital part of the
economy of any country.
 These small scale businesses are nowadays
manufacturing different types of articles and hence
offering various types of products to the customers in the
market.
 In United Kingdom, the quantity of small enterprises is
highly numerically in different industries of the
country(Chin, et.al, 2021).

Continue
 This graph represents the quantity of small and
little enterprises who are operating in UK
which exceeds from the amount of large
businesses in UK.
 In addition to this, the small enterprises are
wrenching in more than 48 percent possibilities
for recruiting and employing as compared to the
medium and large businesses. Moreover, it also
uses small and medium businesses which is 37
percent of total revenue of the institution

Evaluation of micro and small
businesses with large business
enterprises and their impact on
economy
 The large scale business takes itself in various
geographical and political limits. Moreover, these
businesses also undertakes a lot of concern activities
along with acquiring a lot of human resources. On the
other hand, the SME's use to keep its sights on
inventiveness in order to acquire its basis of customer in
the respective market place.

Prices and its impact on the economy of UK-
 In relation to bigger enterprises , there are various small and
medium organization inside of UK. These organization posses
tremendous footprint in all the sphere of the industry which adds
to economic key point for nation. Moreover, as opposed by
which the big scale companies use to generate large revenues
only by the sale of commodities and work that is of better quality
along with its value of brand(Mustafa, Gavin and Hughes, 2018).

Evaluate the impact of different enterprises on
various levels of economy-
 The Small and medium size enterprises has its tremendous footprint
on system of UK at different stages.
 The businesses that are small could compete with the same concern
at the local level by marketing commodities along with the services
for the better quality with keeping the preferences of the customers
in their mind(Nowakowska, Kowalczyk and Wojtaszek, 2018).
 It would gain in a bigger part of market.

Public Intrapreneurship
 The public intrapreneurship comprises of the
governmental sector of the UK. It is mainly owned
and controlled by the government of the nation. It
also includes the person who represents an
enterprise of foreign country which derives its
authority from the innovation of society that would
promote the goods of the public which is being
regulated by the policies or initiatives for
public(Piatkowski, 2018).

Corporate Intrapreneurship
The organisation keeps its focus on
employment of the pre-existing root age
whether it is natural or based on technology
when it concerns itself as an administration
which proposes while managing an
activity of concern inside the work place.

Similarities
The public and the corporate
entrepreneurial are same when it comes to
all the ability and knowledge for acquiring
the possibilities in the businesses.
Both of the intrapreneurships explains the
obstructions and hindrance in process of
operating the activities which is related to
mercantile enterprise.

Differences
 The main different between both the intrapreneurship is to acquire the
societal and business in such a manner that the standard of living of the
individuals are increased by using all these effective key skills in the
organisation.
 It also prioritise the superiority of life for the citizens over the profits
from its endeavours.
 It also adopts and evolves the good for the society in its metric for its
desired growth.

Define the benefits of intrapreneurship and its
contribution to competitive advantage
 The Intrapreneurs are used with creative conception of
conducting the procedures in an organisation after its
establishment . Moreover, it would also make use of the
resources that are already in state along with the models used
by them in order to execute its operations in such a way that it
would increase the execution of the business. Further more,
these are who oversee its own enterprise are better place as
compare to those who work for such organizations

Evaluate the use of intrapreneurship and its
benefits to organisations
The entrepreneurs would get assistance within the
arrangement as per the evaluation in the creatively
conceive along with implementing the workings of
an organization. Moreover, its effect on the internal
working and changing the abilities to contrast who
would refrain from taking the risks after
opportunities in the same manner as the
entrepreneurs tends to operate in the
business(Szopa and Cyplik, 2020).

Conclusion
 This presentation concludes about the small businesses that are
being operated in the country. It also explains about the role of small
and medium based organisations in growing and expanding the
economy of the country. This presentation also summarises about
the impact of these businesses in the present market scenario. This
presentation also concludes about the corporate intrpreneurship and
public intrapreneurship.

References
 Apulu, I. and Latham, A., 2019. Benefits of information and communication technology in
small and medium sized enterprises: a case study of a Nigerian SME.
 Chin, M.K., et.al , 2021. Unpacking political ideology: CEO social and economic
ideologies, strategic decision-making processes, and corporate entrepreneurship. Academy
of Management Journal, 64(4), pp.1213-1235.
 Lindholst, A.C., 2021. Addressing public-value failure: Remunicipalization as acts of
public entrepreneurship. Journal of Economic Policy Reform, 24(3), pp.380-397.
 Minola, T., et.al , 2021. Corporate entrepreneurship and family business: Learning across
domains. Journal of Management Studies, 58(1), pp.1-26.

Thank You