INFLUENCE OF STRATEGIC FORESIGHT CAPABILITIES ON PERFORMANCE OF BANKS: EVIDENCE FROM BALTIC STATES

Sudhindra Bhat, Dr. Sahil Arora

Abstract


The modern business organizations are increasingly paying attention toward strategic foresight. Strategic
foresight denotes the methods, the actors, the process and the system needed to enhance the competitive position
of a company. The aim of this paper was to study the in􀃸uence of strategic foresight capabilities on the performance of banks evidence from
Baltic States. Data from 150 respondents was analyzed using structural equation modeling (SEM). There are 􀃶ve strategic foresight
dimensions such as information scope, method usage, people, formal organization and culture are identi􀃶ed with the help of factor analysis.
The results revealed that strategic foresight capabilities viz., information scope, method usage, people and formal organization strongly
in􀃸uence on the performance of banks in the Baltic States. One strategic foresight capability culture does not in􀃸uence the performance of
banks.


Keywords


Strategic Foresight, Performance Of Banks, Baltic States, Factor Analysis, Structural Equation Modeling.

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References


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