Identification of Key capabilities of Organizational foresight in Banking and Financial Institutions of Iran

Subject Areas : Futurology

Mahdi Gholizadeh Zavoshti ¹ , safar fazli ^{2 *} , Einolah Keshavarz turk ³ , Asghar Ebnerasoul ⁴

1 - futures studies, social science, IKIU, Qazvin, Iran
2 - future studies departmant, faculty of social sciences, IKIU
3 - Futures Studies Department, Faculty of Social Sciences, Imam Khomeini International University, Qazvin, Iran
4 - Department of Industrial Engineering, Malek Ashtar University, Iran, Tehran

Received: 2018-05-18 Accepted : 2019-01-01 Published : 2019-05-22

Keywords: foresight capabilities, Strategic foresight, organizational strategy, Organizational foresight, Banking Industry,

Abstract :

Futures studies in an organization, known as Organizational Foresight, are one of the areas discussed in futures research and strategic management. Foresight enables organizations to identify future changes that are fundamental to the future and can design appropriate and innovative responses to protect themselves against these changes and survival in the long run. The foresight process in the banking industry can be seen as a set of key features that focus on its specific nature and distinguish it from other initiatives in banks. The purpose of this article is to understand the differences between the future prospects of Iranian banks and financial institutions in the implementation of the potential of strategic forecasting projects based on the Paliokaite et al. 2014 model. The study used e-mail scanning, in which emails were sent to top managers and senior executives of bank plans. Data were analyzed statistically using cluster analysis and the Mann-Whitney U test. The statistical significance obtained in this study is to determine and understand the differences in the ability of banks to run strategic futures programs. The findings of the current research significantly increase our understanding of the readiness and feasibility of implementation of corporate futures projects in the banking industry, so that the prospecting capabilities of the first-class banks in comparison to other banks in two dimensions of the selection capabilities The strategy and integration capabilities are greater, but in terms of the environment, scanning capabilities are less than other banks.