We met with Claus for a chat about the importance of growth in a governmental context.
- Tell us why growth in a governmental context is so interesting? “Growth is on the agenda in governments all across Europe and fundamentally, the growth challenge is huge for these national institutions. Especially in times when domestic clusters and sectors are so globally oriented. Historically, enabling growth from a government perspective has been about ensuring overall macro-economic stability and secure the fundamental structures and balances in for example education and labour markets. Today, we have moved far past that point policy wise. Look at the current focus on clusters and the specific framework conditions that apply to them in sectors like maritime, life sciences, manufacturing, energy and green industries. The emergence of the sharing economy and the digitisation of industries and economic models – just to mention a few trends – also change the role of the government. Looking into the future the collaboration between the government and the private and even the third sector on an entirely new level, will be key to create high growth economies.”
- How do you work with growth issues? “One part of it is to understand value creation and growth dynamics in the specific cluster. Another is to deep dive into how, for example, the government’s regulations affect those clusters and how it can contribute in building distinctive and competitive locations for business operations. We have worked extensively with and around the maritime industry, both at the European level and at a national level in Denmark. The shipping and maritime industry is perhaps one of the most globalised industries. Much of the industry is in fact foot loose. Large operations can be moved rapidly and this happens all the time. Ships are deflagged in Europe and ship management operations are moved to other parts of the world. In a project for the European Community’s Shipowners Associations (ECSA) it was striking to reveal how new, innovative and different policies are being applied in globally leading clusters like Singapore and Hong Kong – Europe’s competitors – compared to the old continent of Europe. On the basis of our analysis we were asked to provide a list of recommendations that could even the playing field for shipping operations and improve the competitiveness of Europe as a location for the shipping and wider maritime industry.”
- How can Monitor Deloitte add value? “At Monitor Deloitte we bring deep insights in growth and innovation on the industry level from the numerous relations and projects we’ve had and done with governments and companies. The Monitor legacy with +100 cluster competitiveness projects is outstanding. We are able to draw on in-house experts both nationally as well as internationally. Moreover, in the wider Deloitte we have several research centres around the world, amongst others the Center for the Edge that specialize in perspectives on new growth and the Center for the Long View that focus on innovative scenario designs that recognize potential future developments and guides organizations in preparing for them. When we bundle these resources with our skilled team of consultants, we are exceptionally positioned to deliver an impact that matters, for firms, for governments and for society. That is quite simply it.”