The Effects of Transformational Leadership on Organizational Financial Performance

The Effects of Transformational Leadership on Organizational Financial Performance

Author: 
Florise Medine Dossous
Program of study: 
D.B.A.
Abstract: 
The effects of transformational leadership on organizational financial performance were examined using mixed methods with a sequential research design. For the qualitative phase of the study, 24 participants, eight leaders and 16 followers, described their experience, thoughts, and feelings about the phenomenon of transformational leadership as it pertains to organizational learning, organizational innovation, and followers’ behavior during telephone interviews. Organizational learning, organizational innovation, and followers’ behavior were considered as the contributing factors of organizational financial performance. For the quantitative phase, 17 leaders and 48 of their direct followers (N = 65) completed the (MLQ-5X) short survey developed by Bass and Avolio (1995). The correlation between the contributing factors of organizational financial performance and organizational performance as measured by ROI, ROE, and EPS were examined. A psycho dimension of transformational leadership was introduced with the paradox of self-conception, self-perception, and perception. A unified approach of transformational leadership with an emergent approach of communication was proposed. The study invites leaders and followers to operate in the realm of self-awareness and the awareness of the I or me concept, which requires a persistent dynamism from both leaders and followers. This persistent dynamism requires leaders and followers to learn from their psychological environment and the psychological tension in the workplace. When leaders and followers begin to apply these recommendations, they will be more equipped to assume the leadership role and exert a more positive influence on their neighborhood, community, society, organization, country, and the World.
Dedication: 
This dissertation is dedicated to God, my lovely husband, and my compassionate mom. I would like to thank God for providing me with two great people- my husband and my mom; without them I would never be in this stage of my life. If I could share the Dr. title with someone, I would grant the D to my husband and the r to my mom because they deserve it more than I do. Only God knows the dimension of your contribution to this accomplishment. Thanks Honey and Mom. To God be the glory.
Acknowledgements: 
This was a long exciting journey. Along this path I discovered the qualities of a number of people who fill and inspire my life. First and foremost, I would like to thank my high all mighty God for leading me through the end of this doctoral journey. Great was my God’s faith; morning by morning his mercy I saw; all what I needed, God’s hands have provided, great was my God’s faithfulness until this point. I would like to thank the 17 leaders along with 48 direct reports within 12 organizations, who despite their time constraints, agreed to be the subjects research. This study would never have been possible without their helps and support. Thanks to my husband and my mom, the two team leaders of my contingency plan. Words will never be enough to thank these people. God blessed me with Michel, my husband, who came to my life to fill a purpose. Since the first day I met my husband, he has never been too tired to help me and to provide for the family. During this doctoral journey, I discovered some of his great qualities. He is a lovely husband; he always wants the best for me, even at his own expense. Most importantly, my husband was my financial support during the entire doctoral journey. I cannot forget this sentence from my husband: go darling, be brave, you can do it. I am sure without these qualities this journey would never come to the end. My mom has been so efficient in the role of a second mother. She took care of my four kids; she supported me and made this journey possible. My mom was the first person to instill in me the importance of education. She one day said: “my daughter, education is the very basis of life; get the most you can out of it.” As a grown up, every time I felt discouraged in this doctoral journey, this sentence has been a source of encouragement. Thank you mom for instilling in me the sense and the purpose of education early in my life. I know both my husband and my mom are more proud than I am. I had the chance to meet a number of wonderful people during the time spent at the University of Phoenix. I am grateful to all the staff and faculty members at the University of Phoenix, specially my mentor Dr. Paul G. Ward. Dr. Ward was one of the most influential faculty members I have met in the DBA program. I would like to mention three things about Dr. Ward. Dr. Ward was more than a mentor; he was an advisor, a patient reviewer, and a dynamic team member. He always believed in my ability to complete the doctoral journey. He was always willing to go extra miles to help. I recalled this sentence from Dr. Ward every time I have to go over a process more than once: Florise, if you follow my advice and my mentoring you will write a paper that you will be proud of for the rest of your life. This sentence has filled my doctoral journey with encouragement and hope. I would like to thank my committee members Dr. Zhenhu Jin and Dr. Timothy Clifton for their availability to assist, review, provide feedback, and sign all the paperwork I needed to move on. Special thanks go to my four children: Junior, 12 years old, Michkar, 7 years old, Mike, 5 years old, and Mitchie, 2 years old. Guys, I understand sometimes I was absent in times of need. I was not always available to play with you and to pamper you. But I appreciate the fact that you always understand it was for a good cause. You were so excited to support the cause. You should be proud. I would like to thank a list of people who were my network of support. This list is not by any means exhaustive and the contribution of these people directly or indirectly made a difference. My special thanks go to my pastor, Reverend Karl A. Francis who displayed a strong characteristic of leadership and without knowing, his leadership played a significant role in my life. Thanks to my friend Aimond for spending time in the pagination of the lead pages of the dissertation. Wilky, Alva, and le vieux Mackenton are members of a tireless network of support. Special thanks to all my friends and family members especially Osee and Lionel. I cannot complete this acknowledgement section without thanking the students and the faculty members at UNASMOH, especially my dad and my sons Gesner and Othon, and my best buddy Lumerant. These people inspired confidence in me. We made it; you finally have your own doctor. I promise I will be available for you; you can count on my knowledge and expertise to achieve more than that you achieved before. The Dr. Title is shared with all of you. THANK YOU GUYS; WE MADE IT; BE PROUD; AND CELEBRATE