According to global reports, the three main risks of the future are; climate change; cyber security and epidemic-wars. In this respect, effective risk management is the identification, analysis, reduction/prevention and ultimately transfer of risks. At this point, it is very important to design the plans and strategies for the definition, analysis, measurement and reduction of the risk within the enterprise, and to allocate the necessary material and human resources.
Maintaining Business Focus
We are in a period where nothing can stand for long. There are problems in industrial raw materials and supply chain. The decrease in incomes and the increase in unemployment show that the main issue is to "maintain the business focus". In this case, how will institutions plan events and situations (risks) that will adversely affect their goals and objectives? The report "Risks Encountered by Institutions in the Current Business Environment and Solution Suggestions with an Insurance Perspective" prepared by TÜSİAD draws attention to the "responsibility of taking additional actions on decision-making managers in solving problems".
Institutions that want to take these steps focus on using limited resources more efficiently. Maintaining reputation and improving quality is an important priority. The basic approach is to create a risk culture at all levels within the organization by using common standards in the reporting, evaluation and prioritization stages of risks! At a time when prices are changing around the world, the social structure that takes into account the vital risks of the employees is as important as the corporate structure.
Statement of Liability
Ways of doing business, decision-making mechanisms and perspectives are being questioned around the world. Because the disadvantaged groups have turned into the groups most affected by the epidemic; We are faced with a situation where inequalities are getting deeper and not everyone has equal conditions in accessing health services and food. In this period, a road map is needed in order to understand the dimensions of the possible social and economic effects of the global crises. More cooperation and concrete steps to be taken in every field will be a “statement of responsibility” indicator.
The “Global 50 Turkish Executives” research shows that we are in an “extraordinary process where the world is changing with the problems experienced on a global scale”. This process, which deeply affects both our private and business lives, directs institutions and individuals to find new ways to struggle, adapt and find new solutions. Global managers in order to think human-oriented through fair, accountable, transparent and responsible institutions for the environment and employees; It considers it necessary to display an understanding that "adds value to society, employees, customers" and "fights against poverty as well as the growth of companies".
Scenario Strategies
On behalf of the investment conjuncture, it is observed that many companies plan their growth plans "with the least risk and investment" in the light of this uncertainty. Scenario strategies are being created to overcome the difficulties experienced with inflation-based cost increases and breaks in the global supply chain. Their implementation depends on “working with a large team” and “re-updating the business models” of institutions. This update will either update a safe working environment or the risks of institutions.
According to the “New International Business Division”; We must reflect on the fact that “the roles and division of labor in the new economy do not correspond to specific countries but to specific roles”. No institution has the chance to "develop a strategy and act with their memorized knowledge" in this challenging process without shedding this "sweat of reason"! This extraordinary process, which increases social discontent and political risks, needs the “strength of common purpose”. “Growing all stakeholders in order to maintain the business focus” should be the main goal, and “teams that worry about the issue, not the forbidden savanna” should be established. Titles and labels must be replaced by genuine duties and great responsibilities.