Analytical Instruments strategizes Sri Lanka growth – retains MTI
Analytical Instruments has
acquired the expertise of MTI Consulting to develop their strategic plan for
the next 10 years. The project kicked off on the 11th of July and is
at the initial stages of the strategy development exercise. MTI’s Bahrain-based
CEO Hilmy Cader will be taking on the lead on this project given MTI’s
impressive credentials in Strategic Planning, both in Sri Lanka and the region.
Analytical Instruments which was
established in 1989, has grown exponentially over the years to
become a key supplier of latest technologies and products to
diverse markets in the laboratory Industry of Medical, Analytical and
Agriculture sectors in Sri Lanka, reliably and efficiently. Currently their
portfolio includes quality branded products such as medical diagnostic products
and reagents, high technology analytical equipment and instrumentation, animal
husbandry products, general laboratory products, consumables and
chemicals. On 1st January 2014 AIPL celebrated 25 years of its
committed presence in the industry. AI is setting sights of becoming the most
trusted partner in the laboratory industry in to the future
It is to make this goal
achievable that AI has used the services of MTI Consulting to identify and plan
its long and medium term growth objectives and strategies. At the
kick-off session, Chairman of Analytical Instruments, Mr. Jayasundara
said, “AI is at a juncture where it needs to assume complete ground zero in
order to critically review the current business strategies and reformulate them
in line to the goals set for the next 10 years. In the process there are
several challenges that need to be addressed such as the development of a
business and governance structure, succession plan and identification of
additional revenue streams. And this has been the rationale behind using
an independent experienced consultant such MTI so that an outside in
perspective can be taken when addressing each of the above”.
This strategic planning exercise
which is based on MTI’s 8S® Strategizing Model, was presented by MTIC CEO Hilmy
Cader to the senior management of Analytical Instruments during the kickoff
session. MTI's 8S® Model is a robust framework that has been used
in over 25 countries, across diverse industries. This framework starts
with identifying the Scope of the business, Scanning the operating environment,
setting the Sights for the business and formulating Strategies that extends to
Systems, Structure, Social Responsibility and Staff.
Mr. A Jayasundara (Chairman, Analytical Instruments – 2nd
from left), Mr. Hilmy Cader (CEO MTI Hilmy Cader, 3rd from
left), Mrs. Renuka Jayasundara (MD, Analytical Instruments, 4th from
left) and the Project Management Team of and MTI
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