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Strategic Agility and Its Impact on the Competitive Capabilities in Iranian Private Banks

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  • Nikoo Tabe Khoshnood
  • Sina Nematizadeh

Abstract

Developing capabilities of agility, rapid responsiveness and adaptation to environmental changes are known as tools to gain competitive advantage. Strategic agility is a developed type of agility that in addition to rapid response pays specific attention to strategic aspects and predicting changes in the environment before they occur. Most of the studies in the field of agility and competitive advantage have focused on productivity and agility of supply chain. And a small number of studies have assessed the determinants of strategic agility and its impact on financial, competitive and operative factors organizations; therefore, having the awareness of both this issue and also the importance of competitiveness in the current banking system, in this research we have tried to explain the concept of strategic agility and its determinants, and to reveal its importance in the banking sector and to investigate its impact on the competitive capabilities of the private banks in Iran. In terms of its aim, this study is an applied one, and regarding the data collection, it is descriptive- correlational. The statistical population of this research consists of managers and experts working in the Iranian private banks. A total of 150 managers and experts from the banks have formed the study sample. In this study, first based on conducted studies, a model was developed to study the effect of strategic agility on competitive capabilities, and then, by using the tests of confirmatory factor analysis, Pearson structural equation modeling and correlation, this model was reviewed and approved. The results indicate that strategic agility has had significant impact on the competitive capabilities of the private banks in Iran. Furthermore, among the dimensions of strategic agility, clarity of vision is the most influential factor in the competitive capabilities.

Suggested Citation

  • Nikoo Tabe Khoshnood & Sina Nematizadeh, 2017. "Strategic Agility and Its Impact on the Competitive Capabilities in Iranian Private Banks," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(2), pages 220-220, January.
    • Handle: RePEc:ibn:ijbmjn:v:12:y:2017:i:2:p:220
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    References listed on IDEAS

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    1. Ganguly, Anirban & Nilchiani, Roshanak & Farr, John V., 2009. "Evaluating agility in corporate enterprises," International Journal of Production Economics, Elsevier, vol. 118(2), pages 410-423, April.
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    Cited by:

    1. Maja Rožman & Polona Tominc & Tjaša Štrukelj, 2023. "Competitiveness Through Development of Strategic Talent Management and Agile Management Ecosystems," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(3), pages 373-393, September.
    2. Arokodare M. A. & Asikhia O. U. & Makinde G. O., 2021. "Information Technology Capability and Performance of Selected Oil and Gas Marketing Companies in Lagos State, Nigeria: The Moderating Role of Organizational Culture," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(3), pages 1-37, July.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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