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 […]

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 […]

Culture, Compliance & Turkey – post from 2017

This post, written in 2017, continues to receive a lot of attention. I have taken the topic up in more detail in a series of posts started in 2019. While I still stand behind what I have written here, this first post was based more on literature research, some personal experience and reflection. The 2019 […]

The Law of Large Numbers, Central Limit Theorem and Strange Attractors – or The Strange Behavior of Turkish Employees Towards Limits

This post is not about mathematics or physics but about the behavior of people in the presence of rules and limits … in Turkey. When we discussed revising our Company’s expense limits to account for the currency devaluation, soaring inflation and resulting price increases in the hospitality sector in Turkey in the last months, I […]