Unpacking the Principal Strategies in Leveraging Weighted Student Funding

Chun Sing Maxwell Ho ()
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Chun Sing Maxwell Ho: Department of Education Policy and Leadership, The Education University of Hong Kong, Hong Kong 999077, China

Sustainability, 2023, vol. 15, issue 16, 1-20

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 allocating 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 consider more profoundly 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. In the final section of this article, 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 (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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