The Effect of Innovation on the Organization's Financial Performance (Case study: Sports Federation)

The main objective of the present study is to investigate the impact of innovation on the performance of the Sports Federation. The research method is applied in terms of purpose and descriptive-survey method. The data collection method in this study is field and library type. In order to collect information in this study, questionnaires designed taking into account the dimensions of the subject under study were used, which have the necessary validity and reliability. For the validity of the questionnaires in relation to its use in tests from the perspective of professors of the subject, confirmatory factor analysis was used for construct validity, and for its reliability, Cronbach's alpha method and composite reliability were used. The statistical population of this study includes managers and employees of the Sports Federation, which number 350 people. Therefore, 183 managers and employees of the Sports Federation were selected as a sample. The sampling method is non-probability sampling method available. SPSS and SMART PLS software were used to examine and test the hypotheses. The results of the study show that innovation has a positive and significant effect on the financial performance of the sports federation. Organizational innovation has a positive and significant effect on the financial performance of the sports federation. Open innovation has a positive and significant effect on the financial performance of the sports federation. Green innovation has a positive and significant effect on the financial performance of the sports federation. Technological innovation has a positive and significant effect on the financial performance of the sports federation.