Meaning ● Stakeholder-Centric SMB Growth, within the context of small to medium-sized businesses, emphasizes that sustained expansion is fundamentally linked to proactively addressing the diverse needs and expectations of all stakeholders involved. This includes, but is not limited to, customers, employees, investors, suppliers, and the local community. ● A strategic approach involves integrating these stakeholder considerations into SMB growth plans, business processes, and technology implementations to enhance overall value creation and competitive advantage. ● Prioritizing stakeholder engagement becomes paramount to build trust, foster collaboration, and promote long-term business sustainability and loyalty. ● Successful implementation of this model often hinges on automation tools that allow SMBs to efficiently manage stakeholder relationships and gather continuous feedback across different business functions, while allowing business operations to become seamless.
