1 What is Family Resource Management? Flashcards
how individuals and families decide, plan, and act in order to progress, to fulfill their needs, and accomplish goals in an increasingly complex, technological society.
The Study of Family Resource Management
an understanding of the decisions individuals and families make about developing and allocating resources including time, money, material assets, energy, friends, neighbors, and space , to meet their goals.
Family Resource Management
The act of selecting among alternatives.
Choice
is the possibility of harm, suffering, danger, of loss.
Risk
“where there is risk, there is opportunity”
is an example of…
A basic principle in management
is not so easily defined, but most would agree that it is the degree of happiness with which on judges the overall quality of his or her life as favorable
Happiness
The process of using resources to acheive goals.
Management
Is the process of using what one has to get what one wants.
Management
arrogance
previous failed attempts
lack of commitment, drive, and awareness
Lack of empathy, support, energy, or enthusiasm
challenges faced when trying to initiate knowledge management
The feeling that there is nothing new to learn
Arrogance
why try again?
Previous failed attempts
why should I?
Lack of commitment, drive, and awareness
Who cares?
Lack of empathy, support, energy, or enthusiasm
Involves thinking, action, and results.
Management Process
Is considered an applied social science.
Management
Personal drive behind or actions.
Internal forces
Includes the ups and downs of the economy, the condition of the environment, and the rules and laws of society.
External Forces
Questions, dilemmas, or situations that require solving, such as “should I buy or rent a home.”
Problems
What we need to survive or sustain life, such as did and shelter.
Needs
Things that we desire, such as an expensive sports car, but that are not necessary for us to survive.
Wants
Are end results that require action for their fulfillment.
Goals
Principles that guide behavior, such as honesty or loyalty.
Values
Means to make clear, to make easier to understand, or to elaborate.
Clarification
Whatever is available to be used.
Ex. Information, time, skills, human & mechanical energy, internet access, and money.
Resources
Quantitative and/or qualitative criteria that reconcile resources with demands.
Standards
Refers to choosing between two or more alternatives.
Decision Making
Requires making a series of decisions that lead to action.
Planning