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.
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.
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.