By Gediz Karaca, MSc * - Without the benefit of experience in business management, it can be easy to underestimate the importance of the decision-making processes in companies. These processes can appear easy to master when judged by the standard of their respective results. As a young businessman with limited experience, I would argue that decision-making is indeed one of the trickiest duties of all. As the future is unknowable, senior business people are forced to make predictions with limited data. One poor decision can bring huge losses or can even push a company out of business. Young professionals have much to learn and benefit from senior business people’s experience in these matters: how to behave, how to forecast, and how to make successful business-critical decisions without suffering significant losses. To this end, the aim of this article is to share engineer Dr Sani Sener’s unique perspective and experience with young professionals on their journey of learning the art of business management and decision making.

Turkish American Dr. Asu Ozdaglar, the Joseph F. and Nancy P. Keithley Professor of Engineer at the Massachusetts Institute of Technology (MIT), was recently promoted to both Associate and Interim Department Head of the Department of Electrical Engineering and Computer Science (EECS). She is best known for her contributions in the areas of optimization theory, economic and social networked systems, and game theory.

ISTANBUL, July 28 (Reuters) - Abraaj Group, the Dubai-based private equity firm, is looking to invest in midsize companies in Turkey and could spend $30-$100 million on individual deals, a senior executive told Reuters.