Evaluating SMEs and Intrapreneurship for Economic Growth

This essay examines the significant role of Small and Medium Enterprises (SMEs) in fostering economic growth and job creation, particularly within the UK economy. It delves into the conceptualization of SMEs, assessing their impact on revenue generation, employee retention, and loan repayment. Furthermore, the essay explains the concept of intrapreneurship, differentiating between corporate and public sector approaches, highlighting the importance of intrapreneurship in driving innovation, retaining talent, and managing organizational change. The analysis underscores the critical need for SMEs and intrapreneurship to sustain economic development and enhance the competitiveness of both corporate and public organizations.

ENTREPRENEURIAL VENTURES

TABLE OF CONTENT
The impact of the SMEs over the economy at varied levels.
• Defining the conceptualization of SMEs.
• Assessment of the impact of the SMEs on the UK economy.
• Explanation in regards to the conception of
intrapreneurship.
 Differentiate between corporate and public intrapreneurship.
• Illumination of the importance of the intrapreneurship in
both the corporate and public organization.

ILLUMINATION OF THE IMPORTANCE OF THE INTRAPRENEURSHIP
IN BOTH THE CORPORATE AND PUBLIC ORGANIZATION
The impact of Small and Medium Enterprises (SMEs) in the global economy plays a significant and a
crucial role in the construction of a society with a vision of making it a nation which is free of poverty.
The rational motive of the enterprises is that they not only supply ample job opportunities to the
various segments and sections of the society but also guarantee the flow of money across the respective
levels of society. The evaluation of the impact of the SMEs is therefore imperative to understand the
conceptualization in a significant manner

DEFINING THE CONCEPTUALIZATION OF SMES
• Creation of Jobs in the society
• Helps in the acceleration of the growth
and development of a nation
• Bring forwards the scope of innovations
and creative practices
• Regulates according to the advancement
in the technology

ASSESSMENT OF THE IMPACT OF THE SMES ON THE
UK ECONOMY
• Impact over the generation of revenue
• Retaining of the employees
• Defaults in the repayment of the loans

EXPLANATION IN REGARDS TO THE CONCEPTION OF
INTRAPRENEURSHIP.
• Operates under the label of an
organization
• Intrapreneur is free to utilize the resources
• Separate department for entrepreneurial
provisions
• Motivation to the employees
The intrapreneur can be referred to as the
employee with the acquirement of the
entrepreneurial skills in regards to the
development of innovative, productive and
effectuate ideas for the operations of the
business through the assimilation of the
variety of intensify approaches within the
functioning of the venture.

DIFFERENTIATE BETWEEN CORPORATE AND PUBLIC
INTRAPRENEURSHIP
PUBLIC SECTOR INTRAPRENEURSHIP
• The objective of this particular form is to pursue
the sense of flexibility and freedom in the
management to make them feel motivated and
comfortable in order to bring out the best from
their practices.
• The creation of innovative aspects without
regarding the utilisation of new resources but to
make the most out of the existing ones.
• The primary objective of this format is to initiate,
undertake and maintain the public sector
organisation's comprehensibility without the ultimate
vision of the significant focus over the generation
and accumulation of profits.
• The public managers work for the enhancement of
the managerial skills of the corporations to generate
maximum number of benefits of the general public.
CORPORATE INTRAPRENEURSHIP

Illumination of the importance of the intrapreneurship in both the
corporate and public organization
• Helps in the generation of business growth
• Provides the support to sustain the
innovation over time
• Best way to retain and attract the workforce
• Helps in effectively accelerate and manage
the changes
• Proves to be an aid in the economic
development of the businesses

CONCLUSION
An inference can thus be made that the need for the operations and the sustainability of the SMEs in the
commercial market place is imperative and, in a sense, mandatory for the effective and apprehensive boost in
the economy of a nation. It is critical to enumerate the implications and the relative importance of the SMEs
for the successful assessment of the impact of its regularization upon the economic persuasion of a country.
The relative importance of the conception of intrapreneurship is also significant to understand to analysis the
influence of the subject matter upon the administration and the management of the public as well as the
corporate organizations.

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