The mediating role of strategic foresight in the relationship between financial knowledge and strategic responses

Abstract

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) questionnaires 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 strategic 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.