Developing ideas into industry requires Investment Funds. Ideas researched, developed and tested, are formed into a business model, combined with correct processes and procedures, executed using supporting infrastructure, all requiring financing. Some Business and Economies are investing in futuristic ‘eco-city’ infrastructure to attract, train and incubate, such ideas into industries. Cities with all amenities built in. Funding labs and production facilities, Security, Housing, Religious, Healthcare and Education facilities for the best and the brightest. Other Business and Economies are exporting whole Business Models; Conceptualized, Designed Process and Procedure, Management and Staff, to develop Sectors and Industries. Turnkey operations, such as; Stock Exchanges, Financial Back Offices are relocating to reduce cost. And others still are moving manufacturing into and among its raw materials, food processing on the farms, and blending and refining during transportation.
Efficiencies are bought about from Science and Synergies. Detail
dynamic long-term strategic plans; surrounding the targeted markets, properly
resourced using every competitive advantage, are selected for scaled implementation, incubation and
monitoring, ideas into industries, and upon a predetermined level of success,
recapitalize via an Initial Public Offering (IPO) to repay and recycle the
initial investment. Hence, researching and
developing the science and the synergy, which drives the next business model becomes
more attractive to Foreign Direct Investment. The much-needed and essential
diversification must, therefore, be led by examples of future sectors and
industries promoted globally, to remain relevant and beneficial.
Relevant and Beneficial is to employ the right Business Models. The world
markets are clearly described in terms of security, energy, construction, food,
transportation, communication, healthcare, education and entertainment. Hence,
small countries and economies have added advantages of forewarning from larger
economies, because risks are identified firstly in larger markets and
economies. The strength of its geographic location, Multicultural, Peaceful,
with Internet infrastructure, cheap (fuel and lubricant) energy and being quite
Maneuverable can compete in niche markets,
attracting higher prestigious prices for quality, as oppose to standard prices
for quantity, are all advantages of small nation states. Such small economies
can therefore attract necessary resources; equity and debt financing and
skilled creative people, to win and keep market share in multiple sectors
utilizing synergies and economies of scale.
What is needed from the executive branch of
Government is the political will to diversify across many Sectors on a Small Scale.
The initial investment, included in the Development Programme, is to plan and incubate numerous industries, aiming
for a few successes per year that can benefit from further expansion. Engaging
international negotiators and trade lawyers to strengthen deals made under
trade and industry functions. Establish a foreign revenue collection agency.
Transforming foreign missions into sales representatives; promoting its people,
products and places. Using public resources to file and to protect
international copyrights and defend the country’s brand. Locally, Governmental
endorsement is needed to; establish “Buy Local” and “Buy All” programs,
expedite work permits, buildings approvals and other regulatory licenses.
Public Private Partnerships (PPP), Build Operate
Lease Transfer (BOLT) and other such programs are generally used to strengthen
operational Efficiencies.
Benefits to the nation; its people, its natural resources, its financial
reserves, over time, is and must be measured and forecast for each existing and
newly proposed category. Researched on a global scale, with various resulting
economies of scale to match the nation’s size, each category and sub-category
must indicate trends, to meet eco-socioeconomic benchmarks, within
predetermined schedules. Categories which fall short, in creating more jobs
and/or better-quality jobs, in sustaining the environment and/or renewing
natural resources, in achieving profitability or taking too long to impact the
nation’s financials, must be quickly abandoned. Focusing currently accessible
resources; skilled personnel, local materials and development soft loans, on
categories with better chances of succeeding.
Identifying Feasible Industries, Sectors with
long-term Competitive
Advantages and realizing market share is the only avenue to achieve
revenue diversification and release the nation’s profound dependency on
petroleum Exploration and Production (E&P). The nation must aim to increase
economic drivers and efforts to widen the range of products horizontally and
vertically over the medium to long term. With long term projects, such as;
natural gas pipeline networked to other neighbouring islands, with stable
pricing strategies to earn foreign exchange. Projects augmented by renewable
energy sources, hoisting wind and submerging tidal turbines along the line,
which will meet climate change goals and reduce regional electricity bills. And
other ideas; Equipment
Manufacturing, Maintenance and Repairs, Agriculture Production, Building
Construction, Medical Tourism, etc.
The constant development, promotion and protection
of the Nation's Brand
as it relates to tourism, arts, music and culture, agriculture, manufacturing,
human expertise, and marketable investments, with a strong emphasis on patented
benefits to the nation, is key to such diversification efforts.
Rationale
T.A.J
& Associates Company Limited
uses this occasion to comment on topics that have been covered, both academically
and by the mainstream media, to add its opinion and point out investment
opportunity, not to invoke any social action.
