Goodbye 2020

The sun sets in Istanbul for the final time in the year that made me really understand the meaning of VUCA … and what a Black Swan is not.

The COVID-19 vaccine hype cycle

We hear a lot of news about the Covid-19 vaccines being approved these days and that they will “protect” those inoculated from the disease and make them “immune”. I am not an immunologist, but from a risk professional and behavioral perspective, what I see ahead of us is a serious phase of disillusionment after vaccination […]

The Ethical Imperative of the Hour is Physical Distancing

…Also, the “hour” will probably last more than 60 minutes… As the number of reported infections and deaths from the pandemic grow also in Turkey, people are facing a situation that disrupts their usual lifestyle and coping mechanisms much more deeply and thoroughly than any other crisis they have experienced before. As the Turkish Health […]

What Compliance can learn from the Coronavirus crisis

As the novel coronavirus pandemic (even though the WHO cannot yet bring itself to call it so) keeps developing very dynamically worldwide, we see that in a crisis where people’s, yes entire populations‘ health and ultimately also some people’s lives at stake, the impact on stock markets exceeds the „usual“ risks that organizations face and […]

Loqui argentum, audire aurum

(This post contains a fair amount of irony. And some school Latin.) Why is it that management does not implement the corrective actions in our audit reports? writes an Internal Audit VP in a post on LinkedIn. Yes, why in fact is management so dumb not to properly value and apply the words of wisdom […]

Culture, Compliance … and Turkey – Part 2

Orientation This post is the second in a series of posts on effective Ethics & Compliance in the context of Turkish culture. In the first part, I looked at the motivation for this analysis, and the cultural profile of Turkey in the Hofstede 6D model. In this second part, I will summarize the current requirements […]

The power of envisioning your goals

Originally written 8 May 2018, updated 17 December 2019 In a spring cleaning in 2018 I found an old diary of mine with entries from 2005 and then again from 2008. Back then in May 2008, almost 10 years before to the day, I had taken stock of my life up to that point of […]

Hard workers

September 17, 2017 When we were still living in Germany, a colleague of Burcu’s once made her this “compliment”: “I am really positively surprised by you. I always thought all Turks were lazy and slow.” The colleague was apparently not at all aware at that time how discriminatory her comment actually was. We Germans tend […]

„Hans in Luck“ – A German in Istanbul

September 12, 2017 Ne mutlu yarım Türküm diyene. The first idea for this blog came actually up one year ago. To be more exact, it was Burcu who suggested that I write a blog. I don’t recall exactly when, but we had just moved from Lindau at Lake Constance to Isanbul, and in one conversation […]

What’s more important- outcome or intent?

Not all outcomes are created equal As human beings our thinking is subject to a host of biases. When it comes to the ethical dimension in decision-making, an important one is the Outcome Bias. It means that we judge the quality of a decision by its eventual outcome. It’s the outcome we arrive at that […]