Project Implementation in three steps: identification of growth areas, refinement of digital publishing business goals, and formulation of a strategic roadmap for goal achievement
The core team at Jomo Shimbun went through the 3-month program, segmented into three phases, aimed at identifying opportunities, refining their subscription goal, and devising a strategic pathway to achieve their goal and desired outcomes.
During the Discovery phase, the core team, in collaboration with FT Strategies, conducted a comprehensive reader survey and analyzed reader behavior through Google Analytics. The deep dive into data helped the team understand key reader segments’ needs and preferences. The insights gained directed their focus on critical data points to collect and analyze, informing internal data-sharing strategies.
With these insights, the team moved on to the North Star phase where they not only refined their subscription goal but defined key business outcomes for reaching their goal. Jomo Shimbun set an ambitious sales target to achieve by the end of FY2026 as their North Star goal and defined business outcomes on reader engagement, acquisitions, monetization, and organizational alignment.
The Test & Learn phase was a valuable opportunity to evaluate the impacts of their strategies. During this phase, the core team also assessed capability gaps and defined a governance structure. The core team conducted three experiments to validate their strategic hypotheses, leading to significant learnings. These insights have prompted the formation of an internal forum, fostering regular cross-functional discussions to monitor and steer the progress towards their North Star strategy.