Article
Version 1
Preserved in Portico This version is not peer-reviewed
Unpacking the Principal Strategies in Leveraging Weighted Student Funding
Version 1
: Received: 26 June 2023 / Approved: 27 June 2023 / Online: 27 June 2023 (08:25:25 CEST)
A peer-reviewed article of this Preprint also exists.
Ho, C.S.M. Unpacking the Principal Strategies in Leveraging Weighted Student Funding. Sustainability 2023, 15, 12592. Ho, C.S.M. Unpacking the Principal Strategies in Leveraging Weighted Student Funding. Sustainability 2023, 15, 12592.
Abstract
Weighted Student Funding (WSF) systems have been implemented in various countries to give schools more autonomy over how to allocate their funding. School principals use funding to maintain school operations and foster innovation for achieving educational goals. However, despite the importance of this process, scholarly research has largely overlooked how principals make decisions about their financial resources. Accordingly, this study seeks to provide practical insights into the strategies used by one school by highlighting their staff’s perceptions about using their WSF to maintain school operations and spur innovation. Using a case study approach, we investigated a principal who effectively used a school’s WSF to transform a failing school into an innovative one. The findings revealed that the principal strategically implemented financial management mechanisms in a way that inspired teachers to deeply consider how a school's WSF can help achieve educational goals. The principal fostered consensus on the school's direction, encouraged innovation through hands-on experiential learning and strategic planning, and facilitated funding for innovative teachers by guiding proposal development. Insights into the shifting cultural and practical landscape of financial resource utilization within schools are discussed.
Keywords
Weighted student funding; School financial management; Principal leadership; School innovations; Failing school
Subject
Social Sciences, Education
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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