"to bring insight into the work"

 

Insights

 

 

To be a company that provides rational, innovative, and customized world-class business and engineering solutions to future-proof corporate clients and ensure sustainable success, while creating added value for the national economy.

 

 

 

MANAGING RISKS IN 21. CENTURY

 

Transforming risks into opportunities

 

For a quarter of a century, risk management has increasingly taken its place on the agenda of organizations and continues to evolve. However, it has not yet become a fully matured business discipline. Uncertainty is increasing year by year. A risk emerging in one part of the world can rapidly turn into a global risk. Advances in communication and transportation technologies create an environment in which risks can spread much faster.

The breathtaking pace of technological development is creating a highly interconnected business ecosystem. As this environment becomes more interconnected, complexity and uncertainty continue to grow.

Global climate warming is progressing faster than anticipated and its impacts on the planet are intensifying. Climate events are increasingly reaching catastrophic levels in many regions.

The depletion of natural and energy resources and the growing difficulty of accessing them are increasing geoeconomic risks, while the risk of resource conflicts is rising on a global scale.

The widening inequality in the distribution of resources is also contributing to the growth of social risks.

Rapid advances in artificial intelligence, big data, real-time data, and automation technologies offer significant opportunities for companies, but they also bring major risks. Cyber risks are among the key risks that must be addressed in this context. Rising unemployment is also becoming a priority risk.

 

The successful organizations of the 21st century will be those that manage risks effectively and transform them into opportunities.

 

 

 

MANAGING STRATEGY

 

In today’s business ecosystem, where uncertainty and volatility are increasing and competition is becoming more challenging, organizations must enhance their capability to determine the right strategic goals and strategies that will lead them to future success. Strategy management should be institutionalized as a system that prepares the organization for the future.

First, it is essential to define the right goals that will carry the organization forward and create a competitive advantage. The capabilities of foresight and insight should be developed as core organizational competencies. Internal and external strategic situation analyses should be conducted. It is necessary to anticipate the situations, events, risks, and opportunities that may affect the organization in the short, medium, and long term.

Based on these foresight and insight outputs, strategic objectives and goals that will enable the organization to realize its vision and mission should be determined accurately. Risks that may hinder the achievement of these goals must also be identified.

Strategy can be considered the X chromosome of an organization’s DNA, while risk represents the Y chromosome. The ability of all parts of the organization to establish sustainable success depends on the health of the Strategy–Risk spiral. Addressing risk management and strategy management in an integrated and holistic manner forms the foundation of doing business under today’s conditions. Treating risk management and strategy management separately and failing to establish a strong connection between them constitutes a critical risk in itself."