Impact of Small and Micro Businesses on Economy and Intrapreneurship

This presentation discusses the impact of small and micro businesses on the economy with relevant data and statistics. It also explores the benefits of intrapreneurship and its contribution to competitive advantage. The presentation covers public and corporate intrapreneurship, their similarities and differences, and the evaluation of their use and benefits to 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
A small scale business can be regarded to be an
enterprise containing limited number of staff and
resources. It could be small business enterprise,
proprietorship of solo nature or a partnership having
less members, with limited cash flow and other
resources in comparison to large scale businesses

Small and micro business affects
economy at various levels
 Each enterprise seeks an expansion within the small and
micro businesses which hold responsibility for a vital share
in economy while also adding substantially to this.
 The rising number of small and micro businesses entails in
the making income level rise by putting numerous types of
services and commodities in front of the customers.
 In the United Kingdom, the amount of small enterprises are
huge numerically in various industries.

Continue
 The graph represents, the amount of small and micro
enterprises operating in UK exceeds the amount of
medium and large businesses
 Additionally, small enterprises are racking in more
than 48 percent opportunities for employment when
compared to large businesses. also small and medium
businesses are account for 37 percent of the entire
revenue

Evaluation of micro and small
businesses with large business
enterprises and their impact on
economy
 In comparison to bigger enterprises , there exists small
and medium enterprises inside of UK. These enterprises
posses enormous footprint in every sphere and industry
that is adding to economic considerations in the nation As
opposed to which the large scale companies generate huge
revenues merely by sale of commodities and services
which are of better quality and using their value of brand.
(Farrukh, Meng, . and Raza, 2021)

Appraise the impact of various enterprises on
different levels of economy
 Small and medium size enterprises have enormous footprint on
economy of a nation at various stages. Businesses which are
small can compete with similar businesses at local level by
selling commodities and services of better quality keeping
consumer preferences in mind which gains them a bigger piece
of market. Due to constricted budget the workers are paid less
and posses relatively limited skill set this decreases the rate of
joblessness.

Public Intrapreneurship
 Public Intrapreneurship encompasses those heads in
the public sector in regional or otherwise
governments or the person representing enterprise of
foreign nations that derive authority from social
innovation which promote the good of the public by
way of regulating through policies or initiatives for
public. They work under not for profit organisations
whose main aim is to uplift the standards for living of
the societey. (Gurău, and Dana, 2020)

Corporate Intrapreneurship
 these organisation keep their focus on
utilization of pre-existing resources whether
natural or technological corporations based
entrepreneurship concerns itself with an
organisation proposing and managing a
activity of business inside of the workspace.
(Soomro, and Shah, 2022)

Similarities
Public and corporate enterprise have the ability and capability for
rousing and getting their workforce motivated for facing tougher
work conditions to attain set of goals.
They both execute the strategy and objectives and form
endeavours to reap benefits from their respective position.( Wan,
and Liu, 2021)

Differences
 The main object of an public is to evolve the societal and buisness landscape in such a way that living
standards of people are improved by using the ability and skillfullness to resolve complex situations.
 They prioritise the quality of life for the citizenry over profiteeing from their endeavours.
 Adapting and evolving for the good of the society is their metric for growth. (Klein, and Ben Hador, 2018)
 In contrast the metric for growth among the corporate entrepreneur is solely based on turnover of the
company. The main aim is to increase the turnover and reaping the ensuing profits of the organisation
through satiation of preference and needs of the client. Standing of brand and its value together with other
signs can be taken into account for gauging the prospects of the corporate entrepreneur.

Define the benefits of intrapreneurship and its
contribution to competitive advantage
 Intrapreneurs are charged with creative conception of
operating procedures in an enterprise after its
commencement . The make use of resources which are
already in existence and model them to execute operations in
such a way which increases the performance of the business.
Those who oversee their own enterprise are better place then
those who work for such enterprises.

Evaluate the use of intrapreneurship and its
benefits to organisations
Entrepreneurs get assisted within the organisation according to evaluation as they
creatively conceive an cognitive element and implement that into the workings of an
enterprise. Their effect on internal working and negotiating abilities contrast those who refrain
from taking risks or go after opportunities in the same way as entrepreneurs tend to do.

Conclusion
 It can be concluded that small and medium enterprise are restricted
because of funds and therefore are deprived of technological advancement and
human resources but still they persevere through implementing creative solutions
to complex problems and therefore become indispensable for developing of the
economy of a nation.

References
 Gurău, C. and Dana, L.P., 2020. Financing paths, firms’ governance and corporate
entrepreneurship: Accessing and applying operant and operand resources in biotechnology
firms. Technological Forecasting and Social Change, 153, p.119935.
 Soomro, B.A. and Shah, N., 2022. Robustness of the transformational leadership towards
corporate entrepreneurship. Journal of Public Affairs, 22(2), p.e2509.
 Klein, G. and Ben Hador, B., 2018, July. Old and wise? Linking age, intrapreneurship, social
capital and production. In International Conference on Applied Human Factors and
Ergonomics (pp. 322-338). Springer, Cham.
 Farrukh, M., Meng, F. and Raza, A., 2021. Believe they can succeed, and they will:
intrapreneurial behavior and leadership. European Journal of Innovation Management.
 Wan, W. and Liu, L., 2021. Intrapreneurship in the digital era: driven by big data and human
resource management?. Chinese Management Studies.

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