THE EFFECT OF FINANCIAL INTELLIGENCE ON THE FOUR FUNCTIONS OF OPERATIONAL MANAGERS AND THE FINANCIAL PERFORMANCE OF OIL COMPANY

Authors

  • Fatemeh Fatehi , Zohreh Hajiha, Maryam Khalili araghi

Abstract

In recent years, performance appraisal has become one of the most important concepts of management and has become embedded in the culture of leading organizations, which, while promoting accountability, determines the achievement of goals and programs of each organization. In order to achieve the goals and plans of their organization as well as growth and survival in today's turbulent environment need special features that financial intelligence is one of the components that modern managers must have to gain deep knowledge of all environmental factors to make the organization smart. As a result, it can better manage the organization under its leadership in a turbulent and competitive world and achieve the main goal of organizations, namely to improve performance and achieve a level of excellence and sustainability in order to maintain survival, growth, profitability and meet the needs of society To be .Therefore, the purpose of this study is to investigate the effect of financial intelligence on the performance of the four functions of operational managers and financial performance of the Iranian Oil Refining and Distribution Company. The present study is applied in terms of purpose, descriptive-survey in nature and data collection method through library and field. The statistical population of the present study was 66 operational managers as a sample using Cochran's formula and simple random sampling method. In order to achieve the objectives of the research, a standardized questionnaire of 56 questions was used, the validity of which in previous studies using Content validity and factor analysis were confirmed and its reliability was calculated using Cronbach's alpha test; And for data analysis using spss, pls software in two levels of descriptive and inferential analysis has been used. The results also showed that financial intelligence affects the four functions of operational managers and financial performance of the National Company for Refining and Distribution of Petroleum Products, so financial intelligence is a key factor in financial success of the organization and can make a significant contribution to the development of financial resources and assets in each Have a managerial position and managers can use financial intelligence to help their organization succeed.

 

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Published

2021-04-06

How to Cite

Fatemeh Fatehi , Zohreh Hajiha, Maryam Khalili araghi. (2021). THE EFFECT OF FINANCIAL INTELLIGENCE ON THE FOUR FUNCTIONS OF OPERATIONAL MANAGERS AND THE FINANCIAL PERFORMANCE OF OIL COMPANY. PalArch’s Journal of Archaeology of Egypt / Egyptology, 18(4), 7968 - 7991. Retrieved from https://www.archives.palarch.nl/index.php/jae/article/view/7616