Exploring SMEs and Intrapreneurship Impact on the UK Economy
VerifiedAdded on 2023/06/07
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AI Summary
This report provides an overview of entrepreneurial ventures, defining Small and Medium Enterprises (SMEs) and assessing their impact on the UK economy, highlighting their role in revenue generation, employment, and innovation. It also explores the concept of intrapreneurship, providing examples and analyzing its importance in both public and corporate organizations, emphasizing how it fosters innovation and entrepreneurial skills within established firms. The report concludes that SMEs are crucial for enhancing the revenue and popularity of larger entities, while intrapreneurship allows organizations to leverage the entrepreneurial skills of their employees. Recommendations suggest that large entities should support SMEs to sustain performance and that intrapreneurship can help meet customer needs effectively. The report references several academic papers to support its analysis.
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