Entrepreneurial Ventures Report: Small Business Impact Analysis

This report analyzes the impact of small and micro businesses on the economy, evaluating their role in generating income and employment. It compares small and large business enterprises, highlighting their contributions and differences. The report further explores intrapreneurship, defining its benefits and contribution to competitive advantage within organizations. Public and corporate intrapreneurship are examined, comparing their similarities and differences. The report concludes with an evaluation of intrapreneurship's benefits, emphasizing innovation and risk management within the business context, and includes references to relevant academic sources.

Entrepreneurial
Ventures

Table of content
 Introduction
 Small and micro business affects economy at different 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

Table of content
 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 refers to an organization which have limited number of , materials
personnel and cash. It can be small firm, sole business or small partnership firm which is
having les number of resources as compared to large businesses (Reid, Anglin and Pollack,
2020).

Small and micro business affects
economy at different levels
 Every industry seeks a surge within micro and small
scale businesses as these plays an important role in
determining the share in the economy.
 Micro as well as small businesses results in generating
higher income by providing a broad variety of products
and services to the customers.
 The number of small and micro enterprises is large in
respect to UK.

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 As per the statistics, there are large number of
small and micro enterprises as compared to
medium and large businesses with in UK.
 Also compared to large businesses, small
businesses are generating more than 48 %
employment and responsible for 37 % of total
revenue which is generated in the economy.

Evaluation of micro and small
businesses with large business
enterprises and their impact on
economy
There are many small and medium scale organisation
within the UK as compared to larger organisations
which have great presence in every field or area and
different industry which helps in contributing to the
country’s economy. Many large companies offers high
quality of products as well as services that produces a
large amount of money and contributes to bran

Appraise the impact of various enterprises on
different levels of economy
 Small and medium size enterprises have different effects on the
economy in different ways. Small organisations can compete with
identical businesses at regional level by offering products and services
at high quality which directly results in the customer satisfaction as
well as fulfil needs of customers (Thies and et.al., 2019).
 Because of the fiscal issues, small businesses are focusing in recruiting
having less income and they also have limited set of skills compared
to others which results in reducing the rate of unemployment.

Public Intrapreneurship
Public Intrapreneurship refers to leaders which are
present in public sector which are in the form of local
or national governments or the representatives of the
foreign organisations which is having the authority of
social innovation as well as social entrepreneurship for
the purpose of creating public good through regulation,
policy or the public initiatives.

Corporate Intrapreneurship
 This type of organisation on the process of
fully utilising existing raw materials, natural
as well as technological.
 The concept of corporate intrapreneurship
concerns to an organisation which manages
and propose business within the resources of
workplace (Xiao, Lew and Park, 2021).

Similarities
 Both public as well as corporate intrapreneurs
have the capacity and power for motivating their
human resources to achieve organisational goals
and work hard for it.
 Both of these intrapreneurs leads to the
implementation of the strategies as well as goals
and do work with a view of getting benefits.

Differences
The main objective of a Public intrapreneur is to do favourable
changes in respect to the improve the living standards of people
through using different skills and abilities as well as expertise
which helps in solving the complexities.
These intrapreneurs gives the priority improve and enhance the
lives of people against generating profit for themselves.
Changes and adaptations done by public intrapreneurs for the
welfare of society can also be used to determine their growth.