Business
Stax hosts webinar to shed light on Management consulting in the 21st Century
Leading global management consulting firm Stax recently conducted a webinar on ‘Management Consulting in the 21st Century’, providing a comprehensive overview of trends in the profession and its future growth potential. The webinar drew over 200 participants as the excellent lineup of panelists shed light on the evolution of the consulting field and also spoke to the need for adopting international best practices. The session was insightful for both newcomers to the field as well as experienced professionals, with opportunities for growth and innovation in the field being discussed.
“The infusion of new blood into the profession is an essential process”, stated Stax Managing Director Dr. Kumudu Gunasekera, kicking off the webinar. “As one of the foremost organizations in the field of Management Consulting, we see it as our responsibility to raise the standard of the entire industry. This webinar is aimed at experienced professionals and new entrants alike, aiming to give them knowledge to steer their careers, transform themselves and make a mark, especially at one of the most dramatic times in human history.”
The panel for the event included Prabodha Shawn Silva, a mechanical engineer turned management consultant, counting 16+ years’ experience. He provided a snapshot of the evolution of management consulting while also outlining its importance in the business world. For those looking to enter the field, he specifically highlighted how one can leverage their varied backgrounds and skills for a successful career in consulting.
Thivanka Bandara, a young leader at Stax with 9+ years of experience, enlightened the audience on multiple growth opportunities at Stax. He highlighted how the organization has structured its key practices, allowing individuals to carve their own career journey, from a very early stage, based on individual competencies. Stax Alumni Firaz Markar, a veteran consultant with over 14 years in the field, elaborated on the positive professional and personal transformations witnessed throughout his career. The honing of many useful and transferrable skills such as being solution-oriented and applying structured thinking, were some core areas discussed by Firaz.
Rashmi Peiris Paranavitane, CFA with over 15 years of experience, stressed the importance of personal autonomy and having the tenacity to carve your own path, in order to be successful in this demanding field. She elaborated that while the ‘Working from Home’ trend necessitated by the pandemic has been challenging for many—especially for those simultaneously caring for young children at home—that there have also been unprecedented opportunities for individuals to redefine their own work-life balance, and that companies will be expected to continue making allowances for more flexible work environments.
As businesses emerge from the COVID-19 crisis new ideas, tools, work processes, and frameworks will be essential for navigating this ‘Great Reset.’. Stax Inc. is a global management consulting firm, headquartered in Boston and offices in Chicago, New York, and Colombo. With more than 25 years of experience, Stax advises the world’s largest public and private corporations, private equity firms and their portfolio companies across a broad range of industries covering 40+ international markets. With a growing client base in Sri Lanka, including diversified conglomerates, blue-chip industry leaders, large family businesses, government organizations, and NGOs, Stax inspires organizations to dream big, think outside the box, and complement gut-based decision-making with fact-based research. For more information, please visit www.stax.com.
Business
John Keells Unveils its 687 room luxury hotel, Cinnamon Life at City of Dreams Sri Lanka
The John Keells Group is set to open doors to Cinnamon Life at City of Dreams Sri Lanka, on 15th October 15, 2024. Developed at an investment of over USD 1.2 billion by the John Keells Group, this is the largest and most ambitious private investment in the country which will redefine our tourism landscape, catering to a diverse clientele creating South Asia’s most dynamic destination for business, leisure, and entertainment.
“Cinnamon Life at City of Dreams Sri Lanka will encompass 687 luxurious rooms, and offers multiple entertainment venues, including ballrooms, high-tech event, and conference facilities, with the capacity to host over 5,000 guests in multiple locations across its various unique spaces. This makes it the largest event venue in Colombo, setting a new standard for gatherings, hosting international conferences and large-scale events, positioning Colombo as a premier destination for global MICE travel.
“With a dedicated team of over 1,500 professionals, including 250 chefs, Cinnamon Life promises an extraordinary culinary journey. Guests can enjoy diverse dining options, from a chic French bistro to an American grill, and the most extensive selection of wines at the exclusive wine bar, complemented by a sophisticated two-tier Champagne and cocktail bar. Over the coming few months, Cinnamon Life will continue to elevate its culinary landscape with the opening of more dining experiences. In addition, the resort’s diverse spaces and picturesque settings, make it an ideal location for destination weddings and events right in the City, offering a unique blend of modern elegance and local charm for those seeking unforgettable experiences and celebrations.
“While Cinnamon Life at City of Dreams Sri Lanka opens on October 15, 2024, the shopping mall and entertainment areas, including the gaming facility, and the 113-key ultra-luxury ‘Nuwa’ hotel are scheduled to open in mid-2025, marking the final phase of this landmark project.
Krishan Balendra, Chairperson of the John Keells Group, described the project as transformational for the Group and the country. “‘City of Dreams Sri Lanka’ is an iconic project that was conceived over a decade ago; a one-of-a-kind venture that will undoubtedly convert Colombo into a preferred destination for leisure and entertainment in the region, offering best in-class lifestyle, shopping and entertainment spaces. The Group is confident that the convergence of all elements in the launch of ‘City of Dreams Sri Lanka’ will unlock its full potential as a transformative development in South Asia and be a catalyst in creating tourism demand, foreign exchange earnings for Sri Lanka and generating employment. The ‘City of Dreams Sri Lanka’ project, once all components are in full operations, is expected to generate over 20,000 direct and indirect employment and community engagement opportunities. This landmark development is part of the Group’s broader strategy to position Sri Lanka as a leader in the regional and global marketplace. By pioneering large-scale projects such as Cinnamon Life at City of Dreams Sri Lanka, John Keells reinforces its commitment to fostering sustainable economic growth.1}
Strategically located in the heart of Colombo’s evolving urban core, Cinnamon Life at City of Dreams Sri Lanka houses a living gallery of over 1,000 commissioned, museum-grade artworks crafted by renowned Sri Lankan artists. This collection not only reflects the diversity and depth of Sri Lankan art but serves as a testament to celebrating and preserving artistic heritage in a contemporary setting.
More than just a place to stay, Cinnamon Life at City of Dreams, Sri Lanka, aspires to become Colombo’s pulse, offering a dynamic space for entertainment, art, music, fashion, and culinary exploration. It is set to be a destination where both locals and visitors can experience the finest the city has to offer, with exceptional service as guests are welcomed from the 15th of October onward. (JKH news release)
Business
Toastmasters International Celebrates 100th year on Oct. 22
Commercial Bank of Ceylon Ltd has chartered the Toastmasters Club 10 years ago to enhance the communication and leadership skills of its employees to provide a better service to its customers.
Past International President, Mr Arunasalam Balraj, who addressed a recent gathering was delighted to see the high performance of the Toastmasters of Commercial Bank and he invited more members to join the club.
The installation ceremony of Commercial Bank Toastmasters Club was held on Sept 20 at the bank’s Staff Development Centre Auditorium.
Business
Ceylinco Life delegation completes 7-day training in Agency Management in Malaysia
An eight-member delegation from Ceylinco Life recently completed a purpose-designed seven-day training programme in Agency Management in Malaysia themed ‘Next Move Towards Agency Building.’Conducted by a team of experts from Great Eastern Life Insurance Company led by the legendary life insurance personality K. Haridas, the training programme comprised of a series of presentations as well as office visits.
The Ceylinco Life delegation made up of six members of the sales team, a representative of the agency administration team and a member of the Training Department, comprised of Mr Peter Marasinghe, Mr N. T. Senevirathne, Mr Udaya Fernando, Mr Rohitha Lakmal, Mr Dhammika Liyanage, Mrs Jenagan Meera, Mr Sujeewa Garusinghe, and Mr Milinda Peiris.
The training sessions were titled ‘Coaching & Communication,’ ‘Awaken the leader in you,’ ‘Entrepreneur mindset,’ ‘Recruiting more women in to your agency,’ ‘How to get into affluent markets,’ and ‘How to build a million-dollar agency.’ The training was conducted by two distinguished trainers and supported by six highly accomplished Group Sales Managers from Great Eastern Life Insurance Company.
Equipping, training and motivating employees to excel and recognising and rewarding their achievements are a key element of Ceylinco Life’s 20 years of unbroken market leadership in Sri Lanka, the Company said.
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