The Impact of Strategic Foresight on Achieving Financial Sustainability: An Applied Study in a Sample of Iraqi Private Commercial Banks

Abstract

The research aims to determine the impact of strategic foresight with its dimensions (environmental survey, information processing methods, networks and individuals, organization, culture) on financial sustainability in its dimensions (cash and its equivalents, cash credit, revenues) and the degree of arranging these dimensions according to their importance and priority, as well as revealing The moral differences in the respondents response to the questionnaire items according to the surveyed banks, The problem of the study was identified through several questions that centered on whether there is an effect of strategic foresight in achieving financial sustainability for the banks investigated. 157 people who are at the administrative levels (high, middle, and executive) in the Iraqi private commercial banks (the National Bank of Iraq, Ashur Bank, Gulf Commercial Bank, Trans-Iraq Investment Bank), the financial statements and reports of those banks for the years (2014-2019) were also relied upon. In addition, personal interviews were conducted with some officials in the surveyed banks, and the data was analyzed based on statistical programs (MICROSOFT EXCEL), (SPSS V.26) in calculating (arithmetic mean, standard deviation, relative importance, simple regression coefficient, coefficient of simple regression, coefficient of Pearson Correlation, Path Analysis). The researcher reached a set of results, the most prominent of which was the existence of a significant effect of strategic foresight in achieving financial sustainability, as well as the presence of significant statistically significant differences in the respondents response to the two research variables.