Small Medium Enterprise and Intrapreneurship: Impact on UK Economy

This presentation covers the areas of small medium enterprise with its examples and discusses the impact of small medium enterprise on the UK economy. It identifies about intrapreneurship and some examples of intrapreneurship. It analyses the importance of intrapreneurship in public and corporate organizations.

ENTREPRENEURIAL
VENTURES

Introduction
 The aim of this presentation is to cover the areas of small medium enterprise with its
examples and it will discuss the impact of small medium enterprise on the UK
economy.
 Further, it will identify about intrapreneurship and some examples of intrapreneurship.
 It will analyse the importance of intrapreneurship in public and corporate
organizations.
 At last, it will conclude the recommendation and find from all the above.

SME and its examples
 Small and medium enterprise are the businesses which manage the
revenues, assets and amount of employee below particular outset.
 In UK and Europe they are described as the independent business with
fewer than 250 employees.

Impact of SME on economy of UK
 Small and medium enterprise are one of the most significant aspect for economy.
 By local shops to small tech firms works out of serviced offices where the
most of the companies in UK belongs to SMEs.
 Small and mid size enterprise are considered as the backbone of healthy economy as
such driving growth, employee opportunities and new markets support to the economic
growth.

Intrapreneurship and its examples
 These are simply part of
entrepreneurship that already exist
in organization, in several ways
intraprenuership is easy as
compare to entrepreneurship for
individual due to support of
existing organization.
 In other words, they are employee
with entrepreneurial skill who
have responsibility to introduce the
innovative ideas and product and
service for the entity.

Importance of intrapreneurship in both public
and corporate organizations
 The term intrapreneurship enable organization to accelerate effectively and handle the
change.
 They help employee to stretch and grow as well as keeping them engage, and they
provide such platform for engaging employee in challenging work.
 It works for both the organizations to develop new business growth and it grows the
entity will grow.

Recommendation
 From the report above it has been concluded that small and medium enterprise are the
most important for the UK economy where almost all the business are conduct under
the small and mid range.
 Such as the small and mid size enterprise have the positive impact as such it generates
the unit of semi-skilled and skilled worker for serving upcoming industrial and
expansion of business in UK.
 These are the positive impact on the economy and results as the major advantage for
such sector to grow.

REFERENCES
 Alam, M.Z., Nasir, N. and Rehman, C., 2020. Intrapreneurship concepts for engineers:
a systematic review of the literature on its theoretical foundations and agenda for future
research. Journal of Innovation and Entrepreneurship. 9(1). pp.1-21.
 Alkhoraif, A., Rashid, H. and McLaughlin, P., 2019. Lean implementation in small and
medium enterprises: Literature review. Operations Research Perspectives. 6. p.100089.
 Álvarez Jaramillo, J., and et.al., 2019. Barriers to sustainability for small and medium
enterprises in the framework of sustainable development—L iterature review. Business
Strategy and the Environment. 28(4). pp.512-524.