Entrepreneurial Ventures: Economic Impact & Intrapreneurship Types

This report provides an overview of entrepreneurial ventures, focusing on the impact of micro and small businesses on the economy at various levels. It analyzes relevant data and statistics to demonstrate the contribution of these ventures to the UK economy, highlighting the increasing turnover of Small and Medium Enterprises. The report also discusses the differences and similarities between public and corporate intrapreneurship, examining aspects such as citizen participation, resource rebalancing, and innovation. The conclusion emphasizes the importance of entrepreneurship in building and running organizations, referencing various sources to support the analysis of entrepreneurial traits and characteristics.

Entrepreneurial Ventures

Table of Content
 Introduction
 Interpreting relevant data and statistics to relate how micro and small business ventures
impact the economy at different levels
 Discussing the differences and similarities between public and corporate intrapreneurship
 Conclusion
 References

Introduction
 Entrepreneurship is the ability to create and
run a business organisation with uncertainties
to earn profits.
 An entrepreneur is the individual who creates
and run the organisation on its own capability.

Interpreting relevant data and statistics to
relate how micro and small business ventures
impact the economy at different levels
 From the above graph, it is asserted that
the turnover of Small and Medium
Enterprise is increasing every year which
contributes to the economy of UK.
 The turnover of micro and small
enterprises was 1528.68 billion GBP in
the year 2012 which constantly increased
to 2374.45 billion GBP in the year 2021.

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Micro and small enterprises impact the economy
in many ways which are mentioned below:
 Creating job opportunity
 Boost National Economics of the country
 Driving innovation
 Opportunities for individuals

Discussing the differences and similarities
between public and corporate
intrapreneurship
 Intrapreneurship refers to a system which
allows an employee to act like an entrepreneur
in a company or organisation.
 These are the individuals who are self
motivated, proactive, action oriented and take
the initiative to pursue an innovative product
or service.

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Public sector enterprise: It is a organisation which
is fully owned by the government or state and
have full control over the functions of the firm.
 Citizen participation and engagement
 Rebalancing the resources
 Advancing collective intelligence

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Corporate sector: Corporate covers all the financial and
non financial corporation sectors which can include all
the private and public that produce goods or services.
 Growth of the organisation
 Innovation and transformation
 Building leadership quality
 Employee engagement

Conclusion
From the above report, it is concluded that entrepreneurship refers to the ability of building,
organising and running a organisation through skills and interest in order to make desired
profits. The information includes an overview of entrepreneurship, what it takes to become an
entrepreneur. Investigation of scope of entrepreneurial ventures with the help of examples,
examination of traits and characters associated with entrepreneurship.

References
 Kabanda, S. and Brown, I., 2017. A structuration analysis of Small and Medium Enterprise (SME) adoption of E-Commerce:
The case of Tanzania. Telematics and Informatics. 34(4). pp.118-132.
 Darby, J. L., Fugate, B. S. and Murray, J. B., 2022. The role of small and medium enterprise and family business distinctions
in decision‐making: Insights from the farm echelon. Decision Sciences. 53(3). pp.578-597.
 Wambui, J. and Et. Al., 2018. Microbial contamination level profiles attributed to contamination of beef carcasses, personnel,
and equipment: Case of small and medium enterprise slaughterhouses. Journal of food protection. 81(4). pp.684-691.
 Perlines, F. H., Ariza-Montes, A. and Blanco-González-Tejero, C., 2022. Intrapreneurship research: A comprehensive
literature review. Journal of Business Research. 153. pp.428-444.