#Digitalization #Fukuroi #Foval

Foval's Ongoing Commitment to Digitalization in Fukuroi City

Foval, a prominent consultancy firm based in Shibuya, Tokyo, has once again been entrusted by Fukuroi City in Shizuoka Prefecture to spearhead its digitalization initiatives for small and medium-sized enterprises (SMEs). This marks the third consecutive year that Foval has secured this critical role in the city's digital transformation efforts.

The Importance of Digitalization

As society faces rapid changes due to a declining workforce and mismatches in employment, the necessity for enhanced productivity through digitalization is more pressing than ever. The implications of a declining birthrate and an aging population lead to shortages in manpower and soaring labor costs. Addressing these issues, the digital transformation of businesses is essential to maintaining competitive advantages.

According to a survey conducted in 2022 regarding the current state of SME digitalization in Fukuroi, it was revealed that many businesses were uncertain about what aspects of their operations could be digitized. Furthermore, a clear understanding of the outcomes and benefits of digitalization was lacking. Foval has been addressing these challenges by showcasing successful case studies specific to various management issues and providing targeted solutions through expert guidance.

Objectives of the Contract

The primary objective of this initiative is to bolster the management capabilities of local SMEs in Fukuroi. By promoting digitalization, the program aims to enhance their ability to adapt to environmental changes and strengthen their operational viability.

Foval’s approach goes beyond just implementing digital tools. The consultancy firm is committed to facilitating comprehensive support for businesses that will lead to operational improvements and productivity gains. This holistic support model is designed to create sustainable growth paths while also ensuring that wage increases can be achieved through improved efficiencies.

Key Initiatives in the Project

Foval's engagement in this project will include several significant actions:

• - Selection of Beneficiary Businesses: The plan anticipates working with approximately eight support enterprises, which will be carefully selected to ensure they meet the necessary criteria for involvement. After the selection, Foval will provide integrated assistance focused on productivity enhancement and operational improvements.

• - Support for Resolution of Management Challenges: Foval’s support aims not only at introducing digital tools but also at fostering significant improvements in operations and management, ultimately leading to higher productivity and better wages for employees.

• - Provision of Deliverables: Foval will also be responsible for creating comprehensive reports outlining progress and outcomes to ensure transparency and accountability in the project's execution.

About Foval

Founded in September 1980, Foval (Tokyo Stock Exchange Standard: 8275) specializes in consulting services for small and medium-sized enterprises. The firm operates in five key areas: information and communication, international business, environmental solutions, human resources and education, and entrepreneurship and business succession.

Through its innovative