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Nejat Eczacıbaşı
Mehmet Nejat Ferit Eczacıbaşı (; January 5, 1913–October 6, 1993) was a chemist, industrialist, entrepreneur and philanthropist, and a second-generation member of the notable Turkish Eczacıbaşı family. He was the founder of Eczacıbaşı, a prominent Turkish industrial group with investments in pharmaceuticals, personal care products, consumer products, building products and financial services. Early life and education He was born on January 5, 1913, in Izmir, Ottoman Empire, to Süleyman Ferit Eczacıbaşı (1885–April 18, 1973) and his wife Saffet Hanım as their first of seven sons, Vedat (1916–1961), Sedat (1917–ca. 1950), Kemal (1918–1996), Haluk (1921–1996), Melih (1923–2004), Şakir (1929–2010). His father was the first university-educated pharmacist in the city of Izmir, who, while working at a hospital in his home town, was appointed "chief pharmacist" ( tr, baş eczacı. The city council awarded him later i ...
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Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While de ...
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Pharmacist
A pharmacist, also known as a chemist (Commonwealth English) or a druggist (North American and, archaically, Commonwealth English), is a healthcare professional who prepares, controls and distributes medicines and provides advice and instructions on the correct and safe use of medicines to achieve maximum benefit, minimal side effects and to avoid drug interactions. They also serve as primary care providers in the community. Pharmacists undergo university or graduate-level education to understand the biochemical mechanisms and actions of drugs, drug uses, therapeutic roles, side effects, potential drug interactions, and monitoring parameters. This is mated to anatomy, physiology, and pathophysiology. Pharmacists interpret and communicate this specialized knowledge to patients, physicians, and other health care providers. Among other licensing requirements, different countries require pharmacists to hold either a Bachelor of Pharmacy, Master of Pharmacy, or Doctor of Pharmacy d ...
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Hürriyet
''Hürriyet'' (, ''Liberty'') is one of the major Turkish newspapers, founded in 1948. , it had the highest circulation of any newspaper in Turkey at around 319,000. ''Hürriyet'' has a mainstream, liberal and conservative outlook. ''Hürriyet'' combines entertainment value with news coverage. ''Hürriyet'' has regional offices in Istanbul, Ankara, Izmir, Adana, Antalya and Trabzon, as well as a news network comprising 52 offices and 600 reporters in Turkey and abroad, all affiliated with Doğan News Agency, which primarily serves newspapers and television channels that were previously under the management of Doğan Media Group (Doğan Yayın Holding). ''Hürriyet'' is printed in six cities in Turkey and in Frankfurt, Germany. , according to Alexa, its website was the tenth most visited in Turkey, the second most visited of a newspaper and the fourth most visited news website. On 21 March 2018, Doğan Yayın Holding, the parent company of Hürriyet, was sold to Demirören Hold ...
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Milliyet
''Milliyet'' ( Turkish for "''nationality''") is a Turkish daily newspaper published in Istanbul, Turkey. History and profile ''Milliyet'' came to publishing life at the Nuri Akça press in Babıali, Istanbul as a daily private newspaper on 3 May 1950. Its owner was Ali Naci Karacan. After his death in 1955 the paper was published by his son, Encüment Karacan. For a number of years the person who made his mark on the paper as the editor in chief was Abdi İpekçi. İpekçi managed to raise the standards of the Turkish press by introducing his journalistic criteria. On 1 February 1979, İpekçi was murdered by Mehmet Ali Ağca, who would later attempt to assassinate the Pope John Paul II. ''Milliyet'' is published in broadsheet format. In 2001 ''Milliyet'' had a circulation of 337,000 copies. According to comScore, ''Milliyet'''s website is the fifth most visited news website in Europe. Ownership In 1979 the founding Karacan family sold the paper to Aydın Doğan. Erdoğa ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Building Products
Building material is material used for construction. Many naturally occurring substances, such as clay, rock (geology), rocks, sand, wood, and even twigs and leaves, have been used to construct buildings. Apart from naturally occurring materials, many man-made products are in use, some more and some less synthetic. The manufacturing of building materials is an established industry in many countries and the use of these materials is typically segmented into specific specialty trades, such as carpentry, Building insulation, insulation, plumbing, and roofing material, roofing work. They provide the make-up of :Human habitats, habitats and architecture, structures including homes. The total cost of building materials In history, there are trends in building materials from being natural to becoming more man-made and Composite material, composite; biodegradable to imperishable; indigenous (local) to being transported globally; repairable to disposable; chosen for increased levels of ...
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Consumer Product
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good, but the parts purchased to manufacture them are intermediate goods. When used in measures of national income and output, the term "final goods" includes only new goods. For example, gross domestic product (GDP) excludes items counted in an earlier year to prevent double counting based on resale of items. In that context, the economic definition of goods also includes what are commonly known as ''services''. Manufactured goods are goods that have been processed in any way. They are distinct from raw materials but include both intermediate goods and final goods. Law There are legal definitions. For example, the United States' Consumer Product Safety Act has an extensive definition of consumer product, which begins: CONSUMER PRODUCT.--The te ...
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Personal Care
Personal care or toiletries are consumer products used in personal hygiene, personal grooming or for beautification. Products Personal care includes products as diverse as cleansing pads, colognes, cotton swabs, cotton pads, deodorant, eye liner, facial tissue, hair clippers, lip gloss, lipstick, lip balm, lotion, makeup, hand soap, facial cleanser, body wash, nail files, pomade, perfumes, razors, shaving cream, moisturizer, baby powder, toilet paper, toothpaste, facial treatments, wet wipes, towels, and shampoo. Hotel application Typical toiletries offered at many hotels include: * small bar of soap * disposable product, disposable shower cap * small bottle of moisturizer * small bottles of shampoo and conditioner * toilet paper * box of facial tissue Facial tissue and paper handkerchief refers to a class of soft, absorbent, disposable papers that are suitable for use on the face. They are disposable alternatives for cloth handkerchiefs. The terms are commonly used to re ...
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Pharmaceuticals
A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and relies on the science of pharmacology for continual advancement and on pharmacy for appropriate management. Drugs are classified in multiple ways. One of the key divisions is by level of control, which distinguishes prescription drugs (those that a pharmacist dispenses only on the order of a physician, physician assistant, or qualified nurse) from over-the-counter drugs (those that consumers can order for themselves). Another key distinction is between traditional small molecule drugs, usually derived from chemical synthesis, and biopharmaceuticals, which include recombinant proteins, vaccines, blood products used therapeutically (such as IVIG), gene therapy, monoclonal antibodies and cell therapy (for instance, stem cell therapies). ...
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Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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