The Adoption of Knowledge Economy Pillars in the Kingdom of Bahrain`s Banking Sector
Keywords:
Knowledge Economy, Banking SectorAbstract
The objective of this study is to assess how well commercial banks in the Kingdom of Bahrain have embraced the pillars of the knowledge economy. The study employed a quantitative approach, utilising questionnaires to gather data from 15 commercial banks. The collected data was then analysed using a descriptive-analytical method to derive the findings. The research findings often pertain to the integration of ICT, as the results reveal that nearly all banks recognise the crucial role of technology and implement advanced technologies. Additionally, they prioritise comprehensive training for their employees. The study revealed that the majority of the bank's employees are highly skilled individuals who possess a wealth of knowledge. Significant advancements are anticipated with the introduction of the education strategy in the kingdom of Bahrain, where training and research centres are not commonly found in commercial banks. In general, innovation is not readily apparent in the commercial banks of the Kingdom of Bahrain. This can be attributed to the education system of past decades.