Economic Impact of SMEs and Intrapreneurship: A Detailed Analysis

This essay provides a comprehensive analysis of the economic impact of small and micro enterprises (SMEs) and intrapreneurship. It interprets relevant data and statistics to demonstrate how these ventures influence the economy at various levels, comparing the impact of small-micro, large, and medium-sized businesses. The essay also discusses the differences and similarities between public and corporate intrapreneurship, exploring the advantages of intrapreneurship and its contribution to competitive advantages within organizations. It evaluates the use of intrapreneurship, highlighting its benefits such as improved employee productivity, talent retention, innovation encouragement, and revenue growth. The essay references academic sources to support its arguments and findings.

‘ECONOMIC IMPACT OF SMES
AND INTRAPRENEUR-SHIP’

TABLE OF CONTENT
• Interpret data relevance and statistics to
relate how micro and small business
venture impact the economy at various
levels
• Through using relevant data and statistics,
make comparison in between small-micro,
large and medium with their impact on the
economy.
• Discuss the differences and the
similarities between the public and
corporate intrapreneur-ship.
• Explore the advantages of the
intrapreneur-ship and its contribution to
the competitive advantages in the
organisation.
Evaluate the use of the intrapreneur-ship

INTERPRET DATA RELEVANCE AND STATISTICS TO
RELATE HOW MICRO AND SMALL BUSINESS VENTURE
IMPACT THE ECONOMY AT VARIOUS LEVELS.
• Contribute to the local government with taxes-
When the people make their prioritise the small
business directly or indirectly to the local
economy or community. A growing local business
will enhance the level of the profits . This
indicates that business will pay higher tax , if
they are earning well(Stagni, 2021). This whole
money is used for increasing the working of the
economy. Such as enhancing the property, local
police, fire departments and many more.

THROUGH USING RELEVANT DATA AND STATISTICS,
MAKE COMPARISON IN BETWEEN SMALL-MICRO, LARGE
AND MEDIUM WITH THEIR IMPACT ON THE ECONOMY.
• Small Enterprises- These are the enterprise who have
fewer than 50 employees. The form of the small business
are retailers , grocery stores and the small manufacturing
units.
Role on economy- Creation of the employment and
making improvement in the local goods enhances the
gross domestic product, the living standard of the people,
skill development of the community.
• Micro enterprise- In the type of organisation the
maximum number of employees are 10. This type of
business starts with the very low amount of the capital.
Some examples of it are grocery stores, vegetables and
fruit vendors and the dairy products.
Role in the economy- This type of business drive the
economy growth by offering cheaper products to the people
of the country and helping in leading healthy lives of the
people.

DISCUSS THE DIFFERENCES AND THE
SIMILARITIES BETWEEN THE PUBLIC AND
CORPORATE INTRAPRENEUR-SHIP.
Public
intrapreneur-
ship
Corporate
intrapreneur-
ship
These are the leaders
of the public sector ,
whether its local,
national and the
government nut their
major aim is one which
is innovating socially.
This provide growth for
the overall public by
creating policies and
regulations.
These organisation
work for the innovation
and they constantly
makes changes in their
working. As in this type
of organisation the
working environment
and the employees
benefit programs are
more focused area.

EXPLORE THE ADVANTAGES OF THE INTRAPRENEUR-
SHIP AND ITS CONTRIBUTION TO THE COMPETITIVE
ADVANTAGES IN THE ORGANISATION.
An intrapreneur-ship develops the environment
that allows the workers to make effective use of
their entrepreneurship skills and provide benefits to
both the organisation and the workforce. This
environment provides freedom to make experiment
as well as generate potential growth in the
company. In respect to provide the competitive
advantage these types of working contributes
majorly in the economy.

EVALUATE THE USE OF THE INTRAPRENEUR-SHIP AND
THE ADVANTAGES IT CAN BRING TO ORGANISATION.
Intrapreneur-ship brings the environment that allows
employees to use their entrepreneurial skills which
benefits the organisation and the employees. With the
freedom given to the employees makes them capable to
generate the potential for the growth. For the benefit of
the organisation. There are range of the advantages that
an intrapreneur-ship provided in the organisation such
as improved employee productivity to complete the
work, attract the best talent with better retention
programs, encouragement in the innovation and the
most essential boost revenue and the growth in the
organisation.

REFRENCES
• Sono, L.P. and Malan, L.P., 2021. Fostering Innovation
Through Intrapreneurship in the South African Public
Service. Journal of Public Administration, 56(4.1),
pp.936-957.
• Stagni, V., 2021. Dreamers Who Do: Intrapreneurship
and Innovation in the Media World. EGEA spa.
• Wan, W. and Liu, L., 2021. Intrapreneurship in the
digital era: driven by big data and human resource
management?. Chinese Management Studies.
• Wan, W., Liu, L. and Wang, X., 2020. How user-driven
innovation and employee

THANK YOU.