The Associated Newspapers of Sri Lanka (Lake House) has selected International Consultants, MTI, to conceptualize, research, develop, deliver and help implement a comprehensive three-year (2017-2019) strategic plan covering all publications (current and planned) of the company.
General Manager, Lake House, Abhaya Amaradasa said, “Given the fast paced changes taking place in the way news and entertainment is ‘consumed’, Lake House publications need to respond to today’s challenges and opportunities. This needs a strategic assessment-based direction for the entire group and we look forward to benefitting from MTI’s international and local experience in strategizing.”
MTI’s Bahrain-based CEO Hilmy Cader said, “MTI’s 8S - an internationally proven strategic planning model will be customized and used as the master model for the Lake House Strategic Plan Development. Initially, developed in 1999, MTI’s 8S has continuously improved, benefiting the robust experience of over 120 strategic planning projects – covering diverse categories, countries and business challenges.
Each sub-module has a strong bottom-line focus and is supported by tools to ensure a bias for implementation.”
A key feature of the MTI Consulting approach will be the focus on implementation. For each of the Strategic Initiatives in the Lake House Strategic Plan – an action plan (known as ‘Straction’) will be developed. This will address the key questions of: What needs to be specifically done?, How will it be done?, Who will do it?, When will it be done?, and a check on ‘If it has been done and How well it has been done?
After presenting the three-year Strategic Plan and Implementation Plans, MTI will carry out implementation audits and report back the progress on how well ANCL is implementing it and recommend any corrective action if necessary.
Lake House is Sri Lanka’s oldest and leading print media and publication organization, with over 26 publications in three languages.