THE ROLE OF STRATEGIC FORESIGHT IN FINANCIAL DECISIONS IN BANKS

Abstract

This research aims to study the growing role of strategic foresight in improving the quality of financial decisions within public and private institutions, given the rapidly evolving and increasingly uncertain economic environments. Institutions are facing financial challenges related to sudden market changes, resource volatility, and intensifying global competition. This necessitates the use of foresight tools and methods capable of supporting financial decision-makers in understanding future trends and evaluating potential paths. The research addresses the concept of strategic foresight as a systematic process that aims to analyze the future by leveraging data, indicators, and weak signals to develop a future vision that aids in long-term financial planning.