Impact of SME and Intrapreneurship: UK Economy Analysis

This report delves into the realm of Small and Medium Enterprises (SMEs) and intrapreneurship, analyzing their impact on the UK economy. It begins by defining SMEs, outlining their characteristics, and illustrating their significance with examples. The report then explores the role of intrapreneurship, providing relevant examples and examining its importance within both public and private sector organizations. The analysis covers the benefits of intrapreneurship, such as increased access to knowledge, strategic growth, and employee development. The report concludes by emphasizing the crucial role SMEs play in market growth and the value of intrapreneurship in fostering innovation and skill enhancement. The report is designed to provide a comprehensive overview of the topic and the key elements that contribute to the success of SMEs and intrapreneurial ventures.

Unit 9 ESBM

Table of content
 Introduction
 Explanation of SME with examples
 Assess the impact of SME in UK economy
 Explanation of intrapreneurship with relevant examples
 Analyzation of significance of intrapreneurship with context to public and private
organisation
 Exploring use of importance of intrapreneurship
 Conclusion
 References

Introduction
SME can be referred as the business which have specific limit
of assets, sales and profit. They are also considered as
independent organisation

Assess the impact of SME in UK economy
 SME stands for small and medium
enterprises and are subsidiary and hires
less number of employees. The annual
turnover of company should be not
more than 50 million euros for medium
size and 10 million euros for small.

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 SME’s has impacted in a significant way on UK’s
economy and consist of 99.9% which are almost 5.6
million house business.

Explanation of intrapreneurship with relevant
examples
 Intrapreneurship can be referred as an approach in which individual and group
of individuals explore new ideas of business within organisation.

Analyzation of significance of intrapreneurship with
context to public and private organisation
 Public intrapreneurs are
those individual who
operates in public sector
company and involves
creation of new ideas so as
to generate higher profit.

Exploring use of importance of
intrapreneurship
 Access to deeper knowledge
 Driving of strategic growth
 Makes company successful

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 Boost and manage change
 Promotes growth of employees
 Facilitates in providing challenging platform

Conclusion
 From the above presentation, it was concluded
that SME plays crucial role in boosting market
growth and contributes a major part in
elevating living standard of people.
Intrapreneurship can be considered as
important as it provides employee to improve
its skills by exploring different business ideas.

References
 Audretsch, D.B. and Moog, P., 2022. Democracy and entrepreneurship. Entrepreneurship Theory and
Practice, 46(2), pp.368-392.
 Brownell, K.M., McMullen, J.S. and O'Boyle Jr, E.H., 2021. Fatal attraction: A systematic review and
research agenda of the dark triad in entrepreneurship. Journal of Business Venturing, 36(3), p.106106.
 Dhahri, S., Slimani, S. and Omri, A., 2021. Behavioral entrepreneurship for achieving the sustainable
development goals. Technological Forecasting and Social Change, 165, p.120561.