Volume : 7, Issue : 10, October - 2018

Influence of Strategic Foresight Capabilities on Performance of Banks: Evidence from Baltic States

Sudhindra Bhat, Dr. Sahil Arora

Abstract :

<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:&#10;justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;&#10;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The modern business organizations are increasingly paying attention toward strategic foresight.<span style="mso-spacerun:yes">&nbsp; </span>Strategic foresight denotes the methods, the actors, the process and the system needed to enhance the competitive position of a company.<span style="mso-spacerun:yes">&nbsp; </span>The aim of this paper was to study the influence of strategic foresight capabilities on the performance of banks evidence from Baltic States.<span style="mso-spacerun:yes">&nbsp; </span>Data from 150 respondents was analyzed using structural equation modeling (SEM).<span style="mso-spacerun:yes">&nbsp; </span>There are five strategic foresight dimensions such as information scope, method usage, people, formal organization and culture are identified with the help of factor analysis.<span style="mso-spacerun:yes">&nbsp; </span>The results revealed that strategic foresight capabilities viz., information scope, method usage, people and formal organization strongly influence on the performance of banks in the Baltic States.<span style="mso-spacerun:yes">&nbsp; </span>One strategic foresight capability culture does not influence the performance of banks.<o:p></o:p></span></p>