A Local Model of Organizational Wisdom: A Framework for Enhancing the Resilience of State-Owned Banks

Document Type : Original Article

Authors

1 Ph.D. Candidate, Department of Public Administration, North Tehran Branch, Islamic Azad university, Tehran, Iran.

2 Assistant Professor, Department of Public Administration, North Tehran Branch, Islamic Azad university, Tehran, Iran.

Abstract

Given that Iran's banking system is under pressure from sanctions and economic threats, enhancing the resilience of state-owned banks as key players becomes particularly important. Accordingly, this study aims to design a local model of organizational wisdom and explain its role in strengthening banks' resilience against economic shocks and disruptions. This study employs an exploratory mixed-methods approach. In the qualitative phase, utilizing the grounded theory method, data obtained from semi-structured interviews with academic experts and senior bank managers were analyzed and coded using MAXQDA software. To test the extracted conceptual model, the quantitative phase employed confirmatory factor analysis and structural equation modeling using the partial least squares approach (PLS-SEM).
The findings indicate that organizational wisdom significantly enhances the organizational resilience of state-owned banks through pathways such as strengthening organizational learning, improving decision-making quality, enhancing risk management, and increasing cultural cohesion. The final model confirms the key role of wise leadership, secure information technology infrastructure, and a learning organizational culture as the main antecedents of organizational wisdom. The proposed model can be applied as a practical framework for improving banks' readiness and operational sustainability in the face of economic threats.

Keywords


رضاییان، علی، کریمی، محمود، و احمدی، فرهاد. (۱۳۹۹). شاخص‌های خرد سازمانی در مدیریت ایران. فصلنامه علوم مدیریت ایران، ۱۵(۱)، ۸۰–۱۰۱.
سیدیکویی، حسین. (۱۴۰۲). معیارهای ارزیابی خرد سازمانی در بانک‌ها. مدیریت مالی و بانکی، ۷(۴)، ۵۲–۶۸.
شوقی، هادی، جعفری، علی، و کریمی، محسن. (۱۳۹۷). آموزش و توسعه خرد سازمانی. فصلنامه آموزش مدیریت، ۱۱(۲)، ۲۲–۳۹.
صابری، کمال، و گودرزی، فرهاد. (۱۳۹۸). مدل بومی مدیریت خرد. پژوهش‌های مدیریت راهبردی، ۶(۴)، ۹۹–۱۱۵.
محمدی، سعید، و شوقی، هادی. (۱۴۰۰). چهارچوب مفهومی خرد سازمانی در بانک‌ها. فصلنامه مدیریت بانکداری، ۱۳(۲)، ۴۵–۶۳.
نوری، محمد، کریمی، احمد، و احمدی، فرهاد. (۱۴۰۰). سازه‌های کلیدی خرد سازمانی. پژوهشنامه مدیریت کاربردی، ۱۲(۴)، ۴۰–۵۹.
Akgün, A. E., Keskin, H., & Kırçovalı, S. Y. (2019). Organizational wisdom practices and firm product innovation. Review of Managerial Science, 13(1), 57–91.
Ardelt, M. (2003). Empirical assessment of a three-dimensional wisdom scale. Research on Aging, 25(3), 275–324.
Bejell, Alexander, Smith, Robert, & Johnson, Karen. (2021). Knowledge management for aligning short- and long-term goals. Strategic Management Review, 18(2), 85–99.
Chaman, Mohammad, & Siddiqui, Hassan. (2023). Innovative knowledge creation and ethical decision-making in organizations. Journal of Organizational Wisdom, 5(1), 12–27.
Corbin, Juliet. (1998). Basics of qualitative research: Techniques and procedures for developing grounded theory. Sage.
Creswell, John W., & Poth, Cheryl N. (2018). Qualitative inquiry and research design: Choosing among five approaches (4th ed.). Sage.
Kang, Kyung, & Wang, Jian. (2021). Convergence of knowledge, ethics, and paradox management in complex environments. Organizational Behavior Research Journal, 14(3), 245–263.
Lee, Jihoon, Park, Seungmin, & Kim, Hyunwoo. (2022). Value-based decision-making and intelligent interactions in organizations. Organizational Management Journal, 20(4), 302–319.
March, James, Smith, Robert, & Allen, Kevin. (2020). Continuous learning and strategic alignment. Journal of Strategic Management, 32(4), 215–233.
Nonaka, Ikujiro, & Takeuchi, Hirotaka. (2022). The wise company: How companies create continuous innovation. Oxford University Press.
North, Klaus, & Pöschl, Peter. (2003). The intelligent organization. Springer.
Rocha, Ricardo, & Pinheiro, Miguel. (2021). Wisdom in organizations: A cultural perspective. International Journal of Organizational Studies, 9(1), 43–59.
Schiuma, Giovanni, Lerro, Antonio, & Carlucci, Daniela. (2022). Organizational wisdom: Integrated dimensions for improved decision-making. Journal of Knowledge and Innovation, 10(2), 99–115.
Srivastva, Rajesh, & Cooperrider, David. (1998). Organizational wisdom and professional roles. Academy of Management Review, 23(3), 68–85.
Strauss, A., & Corbin, J. (1998). Basics of qualitative research: Techniques and procedures for developing grounded theory (2nd ed.). Sage Publications.
Wang, Tao, Zhao, Li, & Chen, Ming. (2024). Collective wisdom in banking: Cultural and structural perspectives. International Journal of Banking Studies, 8(1), 55–73.
Wang, Tao. (2021). Wisdom-based approaches in digital transformation. Technology and Innovation Journal, 12(3), 88–104.
Yuan, Zhang, Li, Wei, & Chen, Xia. (2023). Organizational wisdom and innovation management. Journal of Innovation Research, 15(2), 75–92.