Why is it that, while any other organisation needs to have a strategy in place to survive and grow in changing times, governments seemingly get away without having one?

At a recent Industry and Parliament Trust President’s dinner, attended by an impressive list of chairmen and CEOs of major corporations, conversation centred on the rapid slide of the economy, the extraordinary collapse of the financial services which precipitated it, and how far legislators, politicians and business leaders should share the blame for the situation, or be answerable for delivering solutions.

Mervyn King is reported to have said that the strategy for steering the economy is “working effectively”; possibly, but at best it is a damage limitation strategy.

A clear sense of direction in Germany, Japan and, more recently, China, India and other Asian countries, has demonstrated the benefits of devising a clear industrial strategy, and boosted all these economies and their ability to compete globally, though not without hiccups.

The same is not true of Britain. While some would argue that it was innovative thinking that led to the UK’s boom in financial services and London as a pre-eminent financial centre, it was “the market”, driven by financial entrepreneurs, that created the boom, not a government-inspired long-term strategy. Hence the absence of any plan to handle failure or to spread the risks through ensuring a diversified economy.

So where to start? Well one positive outcome of the current situation might finally be the realisation amongst policy makers that UK plc needs a long-term strategy. In which case, why not focus on harnessing the creative, innovative, and non-conformist thinking that still characterises British enterprise at its best. It seems that we recognise and celebrate its expression in the arts, media and fashion, yet fail to nurture it through strategic and coordinated investment in the necessary incubators.

14 November, 2008－The Ministry of Economy, Trade and Industry (METI), the Japan External Trade Organisation (JETRO) and UK Trade and Investment (UKTI) today collectively host the Invest Japan Symposium, entitled Japan as a base for high value creation, in London. Kaizo has been contracted to provide UK support for the event in association with its Japanese Worldcom partner AZ. Worldcom Japan.

The symposium will promote foreign direct investment (FDI) into the Japanese market to UK companies and is held at Savoy Place, The Institute of Engineering and Technology, London. The event is designed to inform key UK decision-makers about the opportunities and benefits of investing in Japan.

The Japanese Government recognises that Japan is well positioned to act as strategic base to the East Asia region, which is set to be a driving force of the global economy in years to come. As such, the Government is actively promoting FDI into Japan and has set a target to make the stock value of FDI reach around 5 per cent of the GDP by the end of 2010. The UK and Japan share similar industrial structures which means investment is relatively straight-forward and the countries are well suited to partner together to achieve mutually beneficial goals.

The symposium features:
• Sir Philip Hampton, Vice President, Confederation of British Industries (CBI) & Chairman, J Sainsbury plc.
• Masaharu Shibata, Member of the Expert Committee of FDI Promotion, Cabinet Office & Chairman, NGK Insulators Ltd.
• Sebastian Conran, Managing Director, Studio Conran
• Miles Flint, Former President of Sony Ericsson Mobile Communications AB
• Tatsuo Yada, The Mayor of Kobe City

Following 2004 and 2006, this will be the 3rd Invest Japan Symposium held in London. Further information can be found at: http://www.investjapan.org/symposium2008_london/

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