About TMC

Views - 9 Monday, 20 January 2020 00:02

The Management Club (TMC) formed in 2001 under the auspices of the Chartered Management Institute – UK Sri Lanka Branch is a forum dedicated to uplift management practices in Sri Lanka on par with the best international standards and strives to ach

TMC Lounge and Boardroom to close from 15 Jan. to 15 Feb. for expansion

Views - 10 Monday, 20 January 2020 00:02

TMC Lounge and Boardroom will be closed to the entire membership, to facilitate the expansion of the current lounge and re-decorating the adjoining room as the boardroom. The closure will be effective from 15 January until 15 February. The Lounge and

Sri Lanka must get out of its own way and architect a service hub, states Omar Khan

Views - 120 Tuesday, 14 January 2020 00:00

“Never ever as a leader position yourself as a barrier to possibility, you are supposed to be an architect to possibility. As a national leader, as a manager, as a parent… outside is Colombo outside is Sri Lanka; go be part of its renewal. If you

Manufacturing in 2020: Connecting machines to networks and companies to end-consumers

Views - 161 Wednesday, 8 January 2020 00:00

While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive changes will be those which manufacturers can and should make for themselves. Many of these manufacturers are already taking advantage o

Global coalition led by IFAC addresses need for strong public financial management in emerging economies

Views - 12 Tuesday, 7 January 2020 00:53

A coalition of 11 global and regional accountancy organisations and international development agencies, led by IFAC, the International Federation of Accountants, recently convened a three-day conference in Malaysia to bring awareness to how effective

BDO ends 2019 on a high

Views - 68 Tuesday, 7 January 2020 00:53

The BDO story is an amazing one. Its founders’ vision was to look beyond their horizons and establish an outstanding global organisation, built upon special people. As a result, BDO in 2019 employed more than 88,000 people in 167 countries and ter

IAASB enhances and modernises ISA 315 for more robust risk assessment

Views - 12 Tuesday, 7 January 2020 00:52

The International Auditing and Assurance Standards Board (IAASB) has released International Standard on Auditing (ISA) 315 (Revised 2019), its revised standard for identifying and assessing risks of material misstatement. ISA 315 (Revised 2019) is a

TMC’s regular ‘Members Speak’ to be held on 30 January

Views - 10 Monday, 6 January 2020 00:00

In view of the festive season that has just concluded, it was thought to be appropriate to delay the hosting of the popular ‘Members Speak’ usually held during the third week of each month to a later date. Therefore plans are being made to sched

About TMC

Views - 12 Monday, 6 January 2020 00:00

The Management Club (TMC) formed in 2001 under the auspices of the Chartered Management Institute – UK Sri Lanka Branch is a forum dedicated to uplift management practices in Sri Lanka on par with the best international standards and strives to ach

Coffee Bean announcement to TMC members

Views - 11 Monday, 6 January 2020 00:00

The management of Coffee Bean (one of its partner sponsors) has announced that due to certain internal issues, their system is undergoing some changes and as a result the 10% discount provided to TMC members will be inactive. No sooner the system cha

TMC Mount members to meet and greet on 20 January at Berjaya Mount

Views - 11 Monday, 6 January 2020 00:00

The Board of Management of TMC has arranged a meeting of the membership of TMC Mount Lavinia on 20 January at 7 p.m. at the their host hotel, Berjaya Mount Royal Beach Hotel. In keeping with the vision of TMC of developing managerial effectiveness, t

The workplace habits stopping your career in its tracks

Views - 10 Monday, 6 January 2020 00:00

It has been proposed by a number of psychologists and behaviour theorists that 97% of our behaviour is subconscious. This means that 97% of the time we are on autopilot – reacting, making decisions and behaving out of habit rather than conscious th

“Companies too often become institutionalised passion killers”: Omar Khan

Views - 372 Wednesday, 1 January 2020 00:05

Omar Khan a pioneer of neuro-linguistic programming and a leading innovator in Transformational Learning in the US and throughout the world says the most essential attribute of a leader is to demonstrate behaviourally and personally what you ask o

Sustainability, the new business license in 2020!

Views - 76 Wednesday, 1 January 2020 00:00

Sustainability is the journey in pursuit to regulate the exhaustion and depletion of natural resources in order to sustain an ecological balance. In simpler words: “The coexistence of the biosphere and human civilisation, is referred to as sustaina

See 2020 through Johari’s Window

Views - 137 Wednesday, 1 January 2020 00:00

2020 is around the corner, and most of you must be listing your wish-list and goals for 2020. In Sri Lankan context most of the goals are task oriented, achievement related to experience (tours, events), owing materials (house, car) and reaching edu

CRMC 2019 explores Management 4.0: Readiness and Strategy

Views - 93 Monday, 30 December 2019 01:52

The Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka) concluded the CPM Regional Management Conference 2019 (CRMC 2019) in a grand style, in collaboration with the Association of Management Development Institutions in South As

CA Sri Lanka, CMA, and SAFA launches new digital model for SMPs to provide digitally savvy audits

Views - 18 Monday, 30 December 2019 01:51

With digitisation expected to have profound implications on small- and medium-sized practices (SMPs), the South Asian Federation of Accountants (SAFA) together with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Institute

Pitfalls in 5Ss and how to avoid them

Views - 226 Wednesday, 18 December 2019 02:22

After many years of experience in the manufacturing industries and successful implementation of lean practices in 60 companies, and five national hospitals, I decided to share my experiences regarding common pitfalls in 5Ss and how to avoid them. It

Accountants’ role in nation building

Views - 596 Wednesday, 18 December 2019 02:17

Sri Lanka has just got a new President and a Parliamentary Election is around the corner to select the next level political leadership. There is a greater enthusiasm among citizen specially the youth and professionals to actively engage in cleaning u

Recommendations to improve Sri Lanka’s Ease of Doing Business global ranking

Views - 180 Wednesday, 18 December 2019 02:12

Sri Lanka currently ranks 99th on the World Bank rankings for Ease of Doing Business. Time is money for many international investors. Even if they see great potential in starting a business in Sri Lanka and note that Sri Lanka is 99th in Ease of Doin

Value of project management and how to maximise its benefits

Views - 124 Monday, 16 December 2019 01:05

By Dr. Madhu Fernando Companies today turn to Project Management to consistently deliver business results, as it leads to many benefits including clear requirements, high quality output, time and cost savings, reduced inefficiencies, managed risk, be

TMC December Members Speak – Comments from participants

Views - 8 Monday, 16 December 2019 00:58

TMC has started this unique evening concept wherein its own members speak. This is a great way to learn as the talk is more practical rather than been only theoretical! Today’s speaker Dr. Madhu Fernando rightly emphasised that a mature organisatio

ETD joins CIPM to open new inclusive park

Views - 11 Monday, 16 December 2019 00:56

As the year comes to an end, our story begins a new chapter. Under the ‘Play For All’ initiative, ETD is proud to partner with the Chartered Institute of Personnel Management (CIPM) who supported this venture as the sponsor to keep this journey g

About TMC

Views - 8 Monday, 16 December 2019 00:55

The Management Club (TMC) formed in 2001 under the auspices of the Chartered Management Institute – UK Sri Lanka Branch, is a forum dedicated to uplift management practices in Sri Lanka on par with the best international standards, and strives to a

SLID certifies another batch on Board Leadership program completion

Views - 19 Thursday, 12 December 2019 01:53

The concept of corporate governance is becoming increasingly important in companies, especially to avoid mismanagement. Good corporate governance is necessary to enable companies operate more efficiently, to improve access to capital and mitigate ris

MTI Consulting launches 2020 CEO Survey

Views - 53 Thursday, 12 December 2019 01:52

For the ninth consecutive year, MTI Consulting will be carrying out the CEO Business Outlook Survey in association with the Wijeya Newspapers Group. The annual survey will be conducted during the last weeks of December 2019, with the results being re

Actionable research is the way forward: PIM and PIMA launch PIMARC

Views - 44 Thursday, 12 December 2019 01:49

The Postgraduate Institute of Management (PIM) recently launched Postgraduate Institute of Management Annual Research Conference (PIMARC) – a first-of-its-kind research conference that strives to connect academics and practitioners. As the pioneer

Sri Lanka wins top South Asia Rotary award

Views - 143 Thursday, 12 December 2019 01:46

Rotary, the only service organisation which has a non-voting seat at the UN General Assembly with over 1.2 million members, staged its Annual Regional Performance Awards for 2018/19 in Indore, India last week, drawing the attendance of International

SLITAD holds Human Resources Development Professionals’ Dialogue

Views - 80 Thursday, 12 December 2019 01:44

Sri Lanka Institute of Training and Development (SLITAD) created a platform for Human Resources Development (HRD) professionals on 4 December at Cinnamon Lake Side Colombo. The main objective of this dialogue is to highlight sustainable learning and

Commercial Bank triumphs at CA Sri Lanka’s 55th Annual Report Awards

Views - 71 Thursday, 5 December 2019 00:00

Commercial Bank of Ceylon PLC was crowned the winner at the 55th Annual Report Awards winning the coveted ‘Cyril Gardiner Memorial Trophy’ for ‘Overall Excellence in Financial Reporting’ at the grand finale held on Tuesday, 3 December at Shan

Today's Columnists

COVID-19 – The dark side of global supply chains

Monday, 17 February 2020

The coronavirus, now known as COVID-19, outbreak in China has slowly but steadily rattled the global economy, disrupting virtually every major industry, from food, fashion, pharmaceuticals, entertainment to automobiles and technology. The first casu

Covid-19 and its effect on the airline industry

Monday, 17 February 2020

The effects of the Coronavirus, now named Covid-19 by the World Health Organization (WHO), has already had a numbing effect on the airline industry. Sadly, it appears that the worst is yet to come. SARS in 2002 Readers who remember the Severe Acute

Coronavirus epidemic and China’s slowdown: Economic impact on Sri Lanka

Monday, 17 February 2020

On 28 January 2020, the World Health Organization (WHO) declared the outbreak of the novel coronavirus (2019-nCoV) a global emergency. The new virus emerged in Wuhan, the capital of Hubei Province in China but has now spread to at least 27 other coun

Doing bigger and better

Monday, 17 February 2020

When I say this to my colleagues, many misinterpret it as working for a bigger enterprise with better perks. Well, that is not what I mean. This truly is a confusing and opportunistic statement. During the three decades of my entrepreneurial exper

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