How Financial Forecasts Influence Leadership Style NURS FPX 5012 Assessment 4 Personal Leadership Model

Strengthening leadership muscles can help to improve the organizational outcomes. It requires Improve the leadership muscles
and styles to take the company on a journey to success. As a best leader, my job is to communicate the vision of the organization
to attract positive talent and that also Includes maintalning a financial picture and palnting it adequately (McCay, 2018). For
example, the forecasting is a vital procedure that allows the healthcare organization to think about its financial vision; this process
helps to exercise my leadership muscles that allow me to assoclate the company’s vision with the financial outcomes. This also
allows me to put some barriers and limits on expenses which are unnecessary and harmful for the organization. This means that
financial forecast is vital communicating the vision to others and increases the company’s capltal to attract more Investors and
lenders (Lappalainen, 2020). In the end, it will pay dividends and will better help to allgn the employee’s goals with the company’s
financial goals.

Explains how leadership style aligns with organizational mission and values
To better sult the circumstances, the leadership styles must be clearly defined to align with the organizational vision and the
mission. As an effective business leader, identifying the objectives and values of the organization Is vital. However, the objectives
must be time bound, spedific, and measureable (Goh, 2018). Enduring that the nursing professionals align with the mission and the
vision of the organization such as Improving the quality of care by reducing 40% re-admissions In next three months is vital.
Managing employees and teams effectively for a nursing leader Is challenging and interesting. That Includes effective decision
making that explore the relationship between leadership and the capability of the organization that allows achleving strategle
goals. For Instance, using a charismatic leadership style will help me to communicate dear vision in presentation and company
mectings. Moreaver, charismatic leadership style will be helpful in motivating the employees and administrators using Sx Slgma
Quality Initlatives through knowledge and experience. I prefer charismatic and transformationall leadership style over autocratic
style because the latter does not help employees much to develop their own leadership qualities. Charismatic leadership allows
conveying and sharing skills and knowledge with others to enable nurses develop the similar qualities.

Morcover, there are situations and conditions where the above-stated leadership style and strategy can and must change. For
example, the Interaction between nurses and physiclans became extremely limited during the pandemic era. Fewer pateints were
coming in and the leaders falled to delegate regularly. Moreover, the team members were not getting professlonal advice from me,
Instead, they were silent and doubting my abllities of sincere opinions to help them survive and thrive during turbulent times
Garcia-Slerra, 2018). This allowed me to think deeply to change my leadership style and helped me to develop charlsma that

allowed other employees to trust me and approach me better.

References

Garcia-Slerra, R., & Fernandez-Castro, J. (2018). Relationships between leadership, structural empowerment, and engagement in
nurses. Journal of Advanced Nursing, 74(12), 2809-2819.

Goh, A. M. J., Ang, S. Y., & Della, P. R. (2018). Leadership style of nurse managers as percelved by registered nurses: A cross-
sectional survey. Proceedings of Singapore Healtheare, 27(3), 205-210.

Lappalainen, M., Harkanen, M., & Kvist, T. (2020). The relationship between nurse manager’s transformational leadership style and
medication safety. Scandinavian journal of Caring Sciences, 34)2), 357-369.

NURS FPX 5012 Assessment 4 Personal Leadership Model

McCay, R., Lyles, A. A., & Larkey, L. (2018). Nurse leadership style, nurse satisfaction, and patlent satisfaction: a systematic
review. Joumnal of nursing cave qualty, 33(4), 361-367.