Performance funding has become a popular policy structure for public higher education institutions across the United States. The implications on budget and student success are considerable. This study examines performance funding through the perspective of chief executive officers (CEOs) at public community colleges in a southern state. Utilizing the theoretical lens of dynamic capabilities and political management strategies, this study investigates the involvement CEOs have within the policy development process. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://bibliotheek.ehb.be:2222/en-US/products/dissertations/individuals.shtml.]