Volume 13, Issue 4 (April 2026), Pages: 250-260

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 Original Research Paper

The role of strategic planning in enhancing risk management: A study of financial inclusion institutions in Jordan’s public sector

 Author(s): 

Kholoud Al-Ramadhneh, Wided Khiari *

 Affiliation(s):

High Institute of Management, University of Tunis, Tunis, Tunisia

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 * Corresponding Author. 

   Corresponding author's ORCID profile:  https://orcid.org/0000-0001-7248-2780

 Digital Object Identifier (DOI)

 
https://doi.org/10.21833/ijaas.2026.04.025

 Abstract

This study examined the effect of strategic planning on risk management in Jordanian government institutions involved in financial inclusion, focusing on the Development and Employment Fund, the Agricultural Credit Corporation, and the Orphans’ Fund Development Foundation. Data were collected through a comprehensive survey using a structured questionnaire, and a descriptive-inferential approach was applied to analyze the results. The sample consisted of 229 employees in leadership and supervisory roles. The findings showed a strong and significant relationship between strategic planning and risk management. The dimensions of strategic vision, strategic objectives, strategic analysis, and strategic choice had a positive and significant impact on risk management, while the strategic mission dimension did not show a significant effect. The study recommends strengthening the culture of strategic planning by raising employee awareness and involving staff in developing strategic plans, which can enhance understanding, organizational belonging, and commitment. It also highlights the critical importance of effective risk management in enabling institutions to anticipate and address potential threats to their operational stability.

 © 2026 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (https://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

Strategic planning, Risk management, Financial inclusion, Government institutions, Jordan

 Article history

Received 16 July 2025, Received in revised form 1 December 2025, Accepted 29 April 2026

 Acknowledgment

The authors would like to thank the public financial inclusion institutions in Jordan for their cooperation and support in facilitating data collection for this study. The authors also extend their appreciation to all participants who generously contributed their time and insights. The views expressed in this article are those of the authors and do not necessarily reflect the official positions of the affiliated institutions. 

 Compliance with ethical standards

Ethical considerations:

Participation in this study was voluntary, and informed consent was obtained from all participants prior to data collection. Respondents were assured that their responses would remain anonymous and confidential and would be used solely for academic research purposes. No personally identifiable information was collected. The study procedures complied with institutional and national ethical standards for social science research. 

 Citation:

Al-Ramadhneh K and Khiari W (2026). The role of strategic planning in enhancing risk management: A study of financial inclusion institutions in Jordan’s public sector. International Journal of Advanced and Applied Sciences, 13(4): 250-260

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