The Effect of Knowledge Absorptive Capacity and Corporate Foresight Capabilities on Organizational Performance (Study of Case: Iranian Banking System)

Subject Areas : Futurology

Mahdi Joneidi Jafari ¹ , Rohullah Bayat ² , Farhad Darvishi ³ , Safar Fazli ⁴

1 - Ph.D. Candidate of Futures Studies, Imam Khomeini International University. Qazvin, Iran.
2 - Associate Professor of Economic and Futures Studies, Imam Khomeini International University, Qazvin, Iran.
3 - Associate Professor of Futures Studies, Imam Khomeini International University, Qazvin, Iran.
4 - Associate Professor of Management and Futures Studies, Imam Khomeini International University, Qazvin, Iran.

Received: 2019-11-19 Accepted : 2020-09-15 Published : 2021-11-22

Keywords: "Knowledge Absorptive Capacity", "Organizational Performance", "Corporate Foresight",

Abstract :

Objective: This article aimed at promoting banking industry performance by combining capabilities of knowledge absorptive capacity and corporate foresight in organizations, as well as its effects on innovation and strategic decision-making. Initially, introducing knowledge absorptive capacity and corporate foresight, different dimensions of the construct are mentioned. Then, the relationship between knowledge absorptive capacity and corporate foresight and innovation and strategic decision-making is examined and its effect on organizational performance is analyzed through a structural model. Methods: Using questionnaire and financial analyses, data was collected from the banking industry of Iran including 30 banks (Commercial Government banks, Specialized Government banks, Gharzolhasaneh and Non-Government Banks). Reliability of the measurement model with 93 samples was confirmed through descriptive, inferential statistical analyses and Structural Equation Modeling (SEM) and Importance-Performance Map Analysis (IPMA), using SPSS and SmartPLS software. Finding: The results indicate that there is a significant relationship between knowledge absorptive capacity and corporate foresight. Knowledge absorptive capacity is also indirectly affecting organizationl performance through innovation, corporate foresight and strategic decision-making. Corporate foresight is directly affecting organizational performance and is also indirectly affecting organizational performance with mediation of innovation and strategic decision-making.