Transformational management style positively affects financial outcomes.
Two specific examples from the author's experience demonstrate the central theme that positive financial outcomes are a function of a transformational leadership style of management. The article focuses on participation competencies utilizing involvement, empowerment, and accountability. Developing staff and empowering them to make decisions about their work and outcomes are necessary to achieve a high-quality, cost-effective outcome, the key to financial success.
Zwingman-Bagley
C
C
New Britain General Hospital, Connecticut, USA.
D005377:Financial Management, Hospital / Q000191:economics / Q000458:organization & administration*; D006754:Hospital Restructuring / Q000191:economics / Q000458:organization & administration; D006801:Humans; D007857:Leadership; D009718:Nurse Administrators / Q000191:economics* / Q000458:organization & administration*; D019982:Organizational Case Studies