Government We helped design the future strategy of a national government, and helped fulfill the future vision of its new monarch.
Upon His ascension to the throne of Monaco in 2005, His Most Serene Highness Albert II laid out a distinct vision for how the tiny European nation would face the 21st Century laid out in a historic speech.
As major economic turbulence hit the US Economy and as the same was foreboding closer to home, the National Council of Monaco wanted to undertake a year-long project to understand the future changes of the global economy and to make a compelling strategy that would allow the country to achieve the Prince’s vision in a variety of outcomes.
Competitive Futures supplied the methodology for Monaco 2029, to make sure that the intellectual work on behalf of His Most Serene Highness took advantage of the most effective techniques in strategic analysis gleaned from several decades of corporate and government management. We also supplied regular guidance as to the production of insights and strategies for communications, as well as information about the changing global economy from our own database.
The group convened a series of meetings over 2009 at the National Council of Monaco. We established best practices for organized institutional foresight and then began the process of looking internally and externally at the strategic environment for a very unique country. Research was conducted over a period of months, and very intense scrutiny of findings was conducted by the specially-chosen working group, comprised of elected officials, technical experts and business leaders.
The group produced a white paper simply entitled “Monaco 2029” which has gone on to serve as a key document in the strategic direction of the country. The paper was presented to the nation’s elected officials, to the media, and to His Most Serene Highness himself. The major takeways of the document were that the strategies of HSH Ranier were fantastically successful, and that 21st century trends would require the addition of onshore investment, particularly in the area of innovation- and information-driven activities, to complete the nation’s significant activities in offshore finance.
Client ValueThe Monaco 2029 project went on to spur new initiatives and investments in precisely the direction recommended by the White Paper, in the significant development of the “onshore.” New university programs to develop talent in the Principality have been combined with investments in biotech and a new hospital center, and the foresight project from 2009 is frequently referenced in local media as a factor that led to the initiatives.