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Dissertation/Thesis Abstract

Church Leaders' Financial Coping Strategies During a Recession
by Williams, Cecil, D.B.A., Walden University, 2013, 251; 3553264
Abstract (Summary)

An economic recession can disproportionately affect the financial stability of churches because their income relies primarily on voluntary contributions. The purpose of this phenomenological study, framed by servant leadership theory, was to explore lived experiences and perceptions related to church leaders' strategies for coping with the economic downturn in 2008. A purposive sample of 20 church leaders from Tennessee was recruited to explore the changes that have been made in church operational strategies in order to cope with the recession. The interview data were iteratively examined by using keywords, phrases, and concepts and were coded into categories, which led to the identification of the following themes: (a) implementing cost reduction efforts and increasing the reliance on volunteers for facility upkeep, (b) collaborating with other church leaders for assistance referrals and fraud detection, and (c) sharing facilities and dividing expenses. The study results contribute to positive social change by providing strategies that church leaders can implement to mitigate the negative effects of a financial downturn, strengthen their financial position and stability, and enable them to provide necessary community support. Financial stability in neighborhood churches is conducive to a stronger community because churches serve as focal points for volunteerism and assistance delivery.

Indexing (document details)
Advisor: Johnson, Brodie, Nafarrete, Romuel
Commitee: Anthony, Peter
School: Walden University
Department: Applied Management and Decision Sciences
School Location: United States -- Minnesota
Source: DAI-A 74/06(E), Dissertation Abstracts International
Subjects: Business administration, Religion, Finance
Keywords: Church, Communication, Community, Coping strategies, Financial coping, Recession
Publication Number: 3553264
ISBN: 978-1-267-92599-2
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