Pioneering excellence: How women’s transformative leadership drives business excellence, and financial sustainability

Rsha Algahfes, Nisa Vinodkumar, Sulphey Manakkattil Mohammedismail

Article ID: 8943
Vol 8, Issue 13, 2024

VIEWS - 61 (Abstract) 26 (PDF)

Abstract


This study delves into the dynamic realm of women’s transformative leadership and its influence on the business excellence and financial sustainability of the Development and Consulting Services Institute DCSI at Princess Nourah Bint Abdulrahman University PNU, Riyadh, Saudi Arabia. Focusing on six strategic business excellence factors: Governance and Policies, Digital Transformation, Human Capital, Project Attraction and Management, Houses of Expertise, and Corporate Social Responsibility CSR, the research aims to explain the positive impact of women’s transformative leadership on these critical dimensions. Data was primarily obtained through an exhaustive review of their achievement, annual reports, and thorough document analysis. Additionally, interviews were conducted with the Institute’s Dean and her team to corroborate and delve deeper into the information gathered from secondary data resources. Employing the Data-Driven VRIO (Value, Rarity, Imitability, and Organization) Framework, the study highlights the Institute’s core competencies and competitive advantages, offering insights into how these factors contribute to its long-term business sustainability. The study reveals a positive correlation between women’s transformative leadership and enhanced business excellence and financial sustainability. This research contributes valuable insights to the ongoing dialogue on leadership dynamics, emphasizing women’s pivotal role in leading institutions toward success and offering a fresh perspective on women leadership in a distinct context.

Keywords


transformative leadership; business excellence; financial sustainability; strategic excellence factors; VRIO framework

Full Text:

PDF


References


Amabile, T. M. (2012). Componential theory of creativity. Harvard Business School, 12(96), 1–10.

Ayman, R., Korabik, K., & Morris, S. (2009). Is transformational leadership always perceived as effective? Male subordinates’ devaluation of female transformational leaders. Journal of Applied Social Psychology, 39(4), 852–879.

Bass, B. M. (1990). From transactional to transformational leadership: Learning to share the vision. Organizational Dynamics, 18(3), 19–31.

Bell, E., Bryman, A., & Harley, B. (2015). Business research methods (5th ed.). Oxford University Press.

Berson, Y., Boas, S., Bruce, J. A., & Micha, P. (2001). The relationship between vision strength, leadership style, and context. The Leadership Quarterly, 12(1), 53–73.

Bilal, A., Ahmad, W., Jan, M. F., Huseynov, R., & Nagy, H. (2021). How women’s transformational leadership induces employees’ innovative behaviour through trust and connectivity: a sequential mediation model. Global Business Review, 0972150920982760.

Birindelli, G., Iannuzzi, A. P., & Savioli, M. (2019). The impact of women leaders on environmental performance: Evidence on gender diversity in banks. Corporate Social Responsibility and Environmental Management, 26(6), 1485-1499.

Chadwick, I. C., & Dawson, A. (2018). Women leaders and firm performance in family businesses: An examination of financial and nonfinancial outcomes. Journal of Family Business Strategy, 9(4), 238–249.

García‐Meca, E., García‐Sánchez, I. M., & Martínez‐Ferrero, J. (2015). Board diversity and its effects on bank performance: An international analysis. Journal of Banking & Finance, 53, 202–214.

Ghicajanu, M., Irimie, S., Marica, L., & Munteanu, R. (2015). Criteria for excellence in business. Procedia Economics and Finance, 23, 445-452.

Gleibner, W., Gunther, T., & Walkshausl, C. (2022). Financial sustainability: measurement and empirical evidence. Journal of Business Economics, 92(3), 467-516.

Hoobler, J. M., Masterson, C. R., Nkomo, S. M., & Michel, E. J. (2018). The business case for women leaders: Meta-analysis, research critique, and path forward. Journal of Management, 44(6), 2473–2499.

Kaiser, R. B., & Wallace, W. T. (2016). Gender bias and substantive differences in ratings of leadership behavior: Toward a new narrative. Consulting Psychology Journal: Practice and Research, 68, 72–98.

Khalili, K., Ashkan, B., & Ashkan, K. (2016). Linking transformational leadership, creativity, innovation, and innovation-supportive climate. Management Decision, 54(9), 2277–2293.

Lamsa, A. M., Heikkinen, S., & Pučėtaitė, R. (2023). Social Sustainability, Leadership and Human Resource Management. South Asian Journal of Business and Management Cases, 12(1), 7-13.

Lee, K. K. (2022). A Study on 7-Eleven’s Core Competencies: Focusing on the VRIO Model. International Journal of Advanced Culture Technology, 10(1), 67-74.

Lin, C., & Tsai, H. L. (2016). Achieving a firm’s competitive advantage through dynamic capability. Baltic Journal of Management, 11(3), 260-285.

Mateos de Cabo, R. M., Gimeno, R., & Nieto, M. J. (2012). Gender diversity on European banks’ board of directors. Journal of Business Ethics, 109(2), 145–162.

Silva, D. A. C. S., & Mendis, B. A. K. M. (2017). Male vs female leaders: Analysis of transformational, transactional & laissez-faire women leadership styles. European Journal of Business and Management, 9(9), 19–26.

Sulphey, M. M., and Jasim, K. M. (2022). Paradoxical leadership as a moderating factor in the relationship between organizational silence and employee voice: An examination using SEM. Leadership & Organization Development Journal, 43(3), 457–481. https://doi.org/10.1108/lodj-02-2021-0075

Williams, M. J., & Tiedens, L. Z. (2016). The subtle suspension of backlash: A meta-analysis of penalties for women’s implicit and explicit dominance behavior. Psychological Bulletin, 142(2), 165–197.

Zabolotnyy S, Wasilewski M (2019) The concept of fnancial sustainability measurement: a case of food companies from Northern Europe. Sustainability 11(18):5139




DOI: https://doi.org/10.24294/jipd.v8i13.8943

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Rsha Algahfes, Nisa Vinodkumar, Sulphey Manakkattil Mohammedismail

License URL: https://creativecommons.org/licenses/by/4.0/

This site is licensed under a Creative Commons Attribution 4.0 International License.