Organizations nowadays, whether public or private organizations, productive or service (such as banks), face major challenges as a result of rapid and continuous changes, and in front of these challenges traditional management operations and tools become unable to make the organization able to work, which makes it imperative for these organizations to follow the methods and management practices, including the proposed knowledge risk management and strategic direction so that it can elevate its actions at the level of developments in reality, in the sense that these organizations and in the light of environmental developments to characterize their strategic direction as an intellectual approach characterized by modernity and entrepreneurship and through its operations and methods, it is able to raise the level of performance of the organization and enhance its position in its economic sector.
In order to explain the expected relationships and links between the variables of research, a number of questions were formulated, which reflect these links, and most importantly: What are the reality of the strategic direction in its conceptual environment and its intellectual links with knowledge risk management and organization's effectiveness. The research aimed at achieving a set of goals related in essence to uncover the relationship between the knowledge risk management and the strategic direction and its impact on the effectiveness of the organization by identifying the nature of this relationship as the main objective.
The most important conclusions reached by the research was the pursuit of the studied bank's administration towards the formulation of its mission is clearly written and its eagerness to agree that mission with the activities practiced in its usual day at the operational level and the future of renewable horizon at the strategic level.
