2005 Regional Summit   Creating Value For Filipino Businesses Presentation By Jose Pecho
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2005 Regional Summit Creating Value For Filipino Businesses Presentation By Jose Pecho

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This is Jose Pecho's powerpoint presentation for the Economic Empowerment session at the NaFFAA R8 Summit in 2005

This is Jose Pecho's powerpoint presentation for the Economic Empowerment session at the NaFFAA R8 Summit in 2005

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2005 Regional Summit   Creating Value For Filipino Businesses Presentation By Jose Pecho 2005 Regional Summit Creating Value For Filipino Businesses Presentation By Jose Pecho Presentation Transcript

  • NaFFAA Business Session
  • CREATING VALUE WITHIN THE FILIPINO-AMERICAN COMMUNITY Working Together for Mutual Benefit Presented by NaFFAA September 17, 2005 Placeholder for Opening Music Closing
  • Opportunities Threats Strengths Weaknesses ABOUT THE FILIPINO-AMERICAN COMMUNITY External Internal External Internal
    • High Household Income
    • High Education Level
    • Highly Skilled and Employed in Professional Positions
    • Significant Population in Key Markets
    • Business Owners
    • No Cohesive Voice
    • Political involvement is minimal
    • Behind-the-Scenes Blending-in Mentality
    • Economic Empowerment
    • Social Empowerment
    • Political Empowerment
    • Perceived as a Small Minority Group
    • Politically Weak
    • Dwindling Resources Allocated to More Vocal Groups
  • Filipino-American Demographics
    • $35 Billion in Spending Power
    • Significantly Exceeds US Median Household Income
    • Second Largest Asian Group in the Country
    • Almost 50% Live in California
    • 64% Are Foreign-Born
    US = $42,148 (insert data) Source: 2000 US Census
  • T A N G I B L E I N T A N G I B L E
    • Sense of Community
    • Friendship
    • Building Business Relationships
    • Networking Opportunities
    • Civic Pride
    • A stronger, more powerful voice for all Filipinos
    • Direct Business Generated between Members
    • Business Generated through Referrals and Leads from Chamber Members
    What Compelling Benefits Does Patronizing Filipino-American Businesses Offer? What is Our Value Proposition?
  • VISION An Empowered Filipino-American Community, both Politically and Economically MISSION Promote, Support, and Encourage Fil-Ams to use other Fil-Ams in Business, Investments, and Employment GOALS Advance Filipino-American Interests For Current and Future Generations
  • Action Plan
    • Build Trust and Goodwill
    • Develop Vehicles for Communicating Opportunities In
      • Business
      • Investments
      • Employment
    • Seek to Promote and Utilize Suppliers and Service Providers Within the Filipino-American Community, First and Foremost, Give Business Owners a chance
    • Spread the Word, Filipino First Campaign
    • Get Involved and direct your spendable dollars within our Community
  • For the Customer For the Supplier
    • Allow Supplier and Service Provider to Make Fair Profit
    • Give a Filipino Entrepreneur a Chance to Earn Your Business
    • Charge the Filipino Customer the “Best” Price You Offer Your Best Customers
    • Exceed The Customers Expectation for Service and Products
    • Ask what you can do to earn our Communities Business?
    EXPECTATIONS FOR DOING BUSINESS IN THE COMMUNITY
  • Business Identification Exercise
    • Identify 3 businesses that you know are owned by Filipino Americans
    • Naming one company, state one reason why you patronize this company’s product or service?
    • If you have not utilized a Filipino business, what is one reason they could do better to deserve your support?
    • Create a Score Card
    • Discuss results in your small group and report back