Impact of SME and Importance of Intrapreneurship in UK Economy

This presentation discusses the impact of small-medium enterprises on the UK economy, including job creation, innovation, and boosting local communities. It also explains the concept of intrapreneurship and its importance in corporate and public organizations. The presentation concludes with recommendations and justifications for the significance of SMEs and intrapreneurship.

Entrepreneurial
Ventures
Part 2

Table of Content
• Introduction
• Explanation of small-medium enterprise with instances.
• Assessment of the impact of small-medium enterprise on the economy of UK.
• Defining intrapreneurship with some relevant examples of the same.
• Analysation of the importance of intrapreneurship in both corporate as well as public
organisations.
• Conclusion with recommendation and justification.

Introduction
• Small-medium enterprise play essential
role in the economy, provide opportunity to
large number of people in order to shape
innovation. They are the businesses that
contain assets, revenues or a number of
subordinates below a definite entrance.

Explanation of small-medium enterprise
with instances
• Small-medium enterprises are the companies
with less personnel working for achieving the
set goals. In UK, small-medium enterprises
had 2.3 trillion British pounds combined
turnover, with businesses having less than 10
people actively working there contributing
the most, at around 953 billion pounds.

Assessment of the impact of small-medium
enterprise on the economy of UK
• SMEs impacts in both the ways
positively as well as negatively on
UK, it is accountable to 99.9% of the
business population. The SMEs
contributed to UK economy for
around 61% of employment and 52%
of turnover in the starting of 2021.

Continue
In Portico library, local people are given with many opportunities for being employed and
share ideas to make the business successful. The impact of SMEs on the economy of UK
are assessed below:
• Create Jobs: Small businesses creates possible employment for a lot of jobs to apply on
in the community.
• Reduce impact of Inflation: Inflation is a situation when the prices go higher for any
goods or services.

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• Inspire innovation: Small startups as well as businesses affects positively on the growth
of the economy and innovation of UK.
• Boost to local communities: Most of the small enterprises drives people locally so that it
is convenient for them to turn up offline.
• Increased investment- Small and Medium organizations tend to provide its organizational
products to the customer.

Defining intrapreneurship with some
relevant examples of the same
• Intrapreneurship refers to the behaviour an
entrepreneur in a popular business venture, this
technique is easier than entrepreneurship as it
has a back of the already existing firm. A
company that is repeatedly innovative is
dynamic and will definitely attract new people
for gaining profit.

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• The matchbox millionaire by Swan Vesta, for formulating this enterprise Swan
believe that idea can come from anywhere and they can be simple as well.
• Flamin'Hot by Frito Lay, in the mid of 1980s , Frito was suffering from his tough
days so he transferred the ownership to the employees for some time. Montanez
get a new opportunity in the same industry and was called by the CEO, agreed for
the meeting as impressed by the ideas.

Analysation of the importance of intrapreneurship
in both corporate as well as public organisations
• In public and corporate organisations, intrapreneurship plays an important role as
it allows organisations to accelerate as well as manage change effectively. For
instance, BBC (British Broadcasting Corporation), owners provide personnel with
the opportunity to learn new things, on the job training is given so that people can
come and socialise with each other to make good bonds.

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• In corporate organisation, such as Portico
library, establishers help the people to get best
experience so that they can stay for long time
in the organisation. The workforce can improve
their interaction, communication skills as well,
as many interactive sessions are kept by them
to socialise while working.

Conclusion with recommendation and justification
• It is concluded from the above information that small medium enterprise are very
important in context to economic growth as it provides opportunity to work with
dedication. A business enterprise is shaped in a way that entrepreneurs take
decision for achievement of set future goals. These enterprises affect UK in both
ways positively as well as negatively. It impacts the economy of UK by inflation,
crate jobs, inequality, inspire innovation and boost to local communities.

References
• Amaechi, E., 2021. Understanding culture and success in global business: developing
cultural and innovative intrapreneurs in small businesses. In Culture in Global
Businesses (pp. 205-224). Palgrave Macmillan, Cham.
• Criado-Gomis, A., Iniesta-Bonillo, M. and Cervera-Taulet, A., 2018. Sustainable
entrepreneurial orientation within an intrapreneurial context: effects on business
performance. International Entrepreneurship and Management Journal. 14(2). pp.295-308.
• Woo, H. R., 2018. Personality traits and intrapreneurship: the mediating effect of career
adaptability. Career Development International. 23(2). pp.145-162.

Thank You