image courtesy of the World Economic Forum
Turkey

Güler Sabancı 

  • Chair, Sabancı Holding (Diversified)
Born Adana, Turkey, 1955. BBA, Boğaziçi University (1978).
“[I]t was a difficult period for Turkey—the ’60s… the ’70s… If you look at that period, to be able to grow and to do projects did require… analytical thinking, having a long-term vision, feeling the trends, and also taking risks in certain areas.”

Video Clips

Sabancı discusses how her strategy of managing risk when doing business in another country focusses on having a local partner, while protecting her technology and right to "global flexibility."

Sabancı describes how she makes sure that her company has been hiring and retaining more women.

Sabancı explains how her uncle lead their family bank through the 2000-2001 finance crisis.

Sabancı discusses the strong values of the Group towards social responsibility. She talks about how the Foundation was set up with her grandmother donating all her wealth towards it.

Sabancı describes how her grandfather trained her father and uncles to take over the family business and how he inspired his granddaughter to want to be involved as well.

 Full-length video (accessible to holders of a valid Harvard ID)

Transcript

Güler Sabancı, ranked the 64th most powerful woman by Forbes magazine in 2016, discusses the decisions that helped the Sabanci Group emerge as one of the leading business conglomerates in Turkey despite considerable political and economic turbulence over three decades. The Sabanci Group now consists of over 70 companies active in eleven countries. After college graduating in 1978, Sabanci, a member of the third generation of the founding family, joined the Group's new subsidiary manufacturing tires. In this interview, she recalls how challenging it was for the new subsdiary to succeed against the background of a military coup, and she describes how the venture came near to bankruptcy.

Sabanci also details the subsequent growth of the Group with joint ventures and licensing agreements with U.S., European and Japanese multinationals. During the 1990s, the Group professionalized its governance and management, despite major political and economic turbulence that culminated with the collapse of the entire Turkish financial system in 2001. The Group’s Akbank was the only Turkish bank which escaped nearly unscathed.

Sabanci explores the carefully-honed skills in managing cash flows and foreign exchange risk and explains how, over time, the Group developed competitive advantages in crisis management—both in turning around failed businesses and in building greenfield operations in turbulent conditions.

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