The mediating role of strategic foresight in the relationship between financial knowledge and strategic responses
DOI:
https://doi.org/10.21533/pen.v10.i1.218Abstract
This study aimed to clarify the mediating role of strategic foresight in its various forms (foresight, acumen, research) in the relationship between financial knowledge and strategic response in its dimensions (resource liquidity, business maturity, reactiveness and reactivity). To achieve this goal, this study was based on the descriptive analytical method, where the questionnaire was used to collect the primary data. (220) question-naires were distributed to workers in the branches of commercial banks in the middle Euphrates cities (40) branches and (215) were retrieved from them. The results revealed that the adoption of financial knowledge enabled the organization, the study sample, to respond effectively to environmental dynamics through stra-tegic foresight. Moreover, it was revealed that organizations that used financial knowledge were able to maximize their core competencies through strategic foresight, and thus provided added value to services efficiently over their competitors.
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