Devoe School of Business

The reaseach asignment are formulated with a focus on the financial situation facing Christians in South Africa, as well as the effect of this on other aspects of Christian living, including their personal and family lives. Indeed, it is hypothesized that the consumerism characterizing much of contemporary South African life has also infused Christian living,
with a range of concomitant personal and family problems. Furthermore, the research will focus on the increasing social and economic instability promoted by consumerism in society. Specifically, the aim is to demonstrate how consumerism has also made a prey of the church members itself by means of empirical research. The way the Church use
financial literacy concept suggests that various people attach different meanings to the financial literacy aspect.
Christian leaders should take the responsibility of leading the flock back to the true wealth indicated by Christ in the gospels. Of course, this is not to say that poverty should be preached. Instead, a more balanced view of the role of finances in the Christian existence should be promoted.

The lack of primary financial education is responsible for people’s negative attitude towards investments and saving for the future. Therefore, the problem investigated in the study was the detrimental effect of the lack of financial education and financial literacy at primary level on the lives of people, on the economy and on consumers’ propensity to make provision for retirement. The purpose of this study was to investigate how financial literacy interface models contributed towards financial information comprehensibility for decision makers in South Africa. The study aimed at analysing the current levels of financial education amongst consumers in South Africa. The main data source for this study was data from a study done by the University of Cape Town, called the National Income Dynamics Study 2008. The study surveyed 26 000 respondents.
The study focused on income, education and financial literacy. The study concluded that financial literacy measures displayed both positive and significant effects with regard to access to financial literature in the country. The results indicated that financial literacy levels had a lasting impact on South African consumers’ access to financial literature or to a bank. From this research, it became evident that the degree of financial illiteracy amongst consumers had a definite negative impact on the financial state and the economy of the country.
When giving financial education to people, it is vital to use a method that would ensure effectiveness. The country should open itself to new ideas and technology after years of isolation. All stakeholders in South Africa should consider engaging in the financial inclusion issue, particularly those issues affecting the low-income population.

The Federal Reserve sets monetary policy, and decision-makers pay close attention to forecasts about the future state of the economy. Inflation forecasts are one of the many inputs that decision-makers use to determine whether monetary policy changes are required. When these forecasts fail, the consequences can have devastating results on people, communities, and Counties. The paper considers the Federal Reserve's forecasting and looks at the effects of failed predictions and policy on inflation.

Change management in a volatile labor market An executive involved in change is nervous about how the workforce will react, how they will lead their people, and how they can keep their team collaborating (Jones et al., 2004). The CEO is also concerned with retaining the organization's identity and values and creating a commitment and performance culture. Leaders who neglect to plan for the people side of change often wonder why their plans failed (Jones et al., 2004). The Human Factor The main reasons transformation creates human problems are new leaders, job descriptions change, new skills, and employees' resistance and uncertainty. The right approach begins from the top with the leadership team, followed by key stakeholders and leaders. Leaders should communicate feedback, data collection, analysis, systems, and processes to all stakeholders. The change-management methods should be fully integrated into program design and decision-making, informing and enabling strategic direction. Leadership should base it on a realistic assessment of its readiness, history, and ability to change (Jones et al., 2004). Cascading Involvement Different levels of the organization are affected as transformation programs advance from "defining strategy and setting targets to design and implementation" (Jones et al., 2004). Change management efforts must include structures for recognizing leaders in the company and delegating tasks for implementation and design downwards to change "cascades" through the organization (Jones et al., 2004). At each cascading layer of the company, the executives "who are identified and trained must be aligned to the company's vision, equipped to execute their specific mission, and motivated to make change happen" (Neilson, 2015).

This paper explores the ethical ramifications of significant business decisions by Purdue Pharma and Theranos through the DeVoe Business School's Virtuous Business Model (VBM). These companies, part of the pharmaceutical industry, made choices reflecting a culture of greed, lack of responsibility, and unethical decision-making. This analysis critiques their decisions and highlights the necessity of ethical principles in business operations.