Competitive Factor of City

Dr Anil Menon of CISCO shared his thought with audience of the IFHP London Congress on competitiveness of a city. He reckoned that 5 criteria are essential for a city to attract talents and investment, and hence the preferred choice of corporate. Firstly, the visionary leadership of city. A city without vision is a city without future. Secondly the readiness of global standard in business dealing. In the absence of global standard, rules and guidelines might be changed more often than one's can imagine. This will become a business risk that many corporate might not want to undertake. Thirdly, smart regulations is critically needed as companies would like to have rules with social and scientific backing. No foolish action is welcome. Forthly, is the presence of public and private partnership policy. While public sector like to reduce cost in providing services or infrastructure, the private sector would like to minimise the risk of doing business. Hence, this policy must be a deciding factor for businesses to make choices. Lastly but not least, it is innovation in economic and ecological system that will attract the attention of investors and talents. In the green era and everyone is pursuing sustainability, it is not a choice for corporates of not embracing the green movement. Perhaps, these thoughts should become the underlying principles for city managers to plan their cities.