13/11/2024
During the Furniture Series Seminar held yesterday at the ACPO Center in Sucat, Paraรฑaque, Salvio Valenzuela Jr. emphasized the critical role of stakeholder engagement for Philippine furniture SMEs.
With over 60 participants in attendance, he highlighted that effective collaboration among stakeholdersโsuch as suppliers, customers, and community membersโis essential for sustainable growth.
He outlined a five-step approach to stakeholder engagement, which includes strategy development, stakeholder mapping, preparation, active engagement, and creating an action plan based on feedback. This framework not only fosters trust but also ensures that SMEs can adapt to market demands and enhance their competitiveness.
His insights underscore that robust stakeholder relationships can lead to innovative solutions and improved business resilience, crucial for navigating today's dynamic market landscape. By prioritizing engagement, Philippine furniture SMEs can better align their practices with sustainability goals while contributing to the community's economic development.