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
Print plans into action.
Implementing
What’s the problem?
What was learned?
Which decision or plans worked and which ones failed?
What adjustments should have been make?
Answering these questions provide Feedback
Enables the individual’s overall management knowledge and ability to grow.
Feedback
Refers to everything outside the individual.
Environment
Are measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action.
Ex. clocks, lists, forms, calendars, budgets, and timetables.
Management Tools
Step one in the Management Process…
Identify problem, need, want, or goal
Step two in the Management Process…
Clarify Values
Step three in the Management Process…
Decide, plan, and implement
Step five in the Management Process…
Accomplish goals and evaluate
Step six in the Management Process…
Feedback
1- problem, need, want, or goal 2- clarify values 3- identify Resources 4- decide, plan, and implement 5- accomplish goals and evaluate 6- feedback
Steps to the Management Process
Way is the answer to “Why manage?”
Is that that people have no other choice.
The answer toWho manages?”
Everyone does
Characteristic way of making decisions and acting.
Management Style
History, biology, culture, personality, and technology
Five factors that influence management style
Influences the way a person makes decisions and the options he of she considers.
History
Dictates basic physiological needs as did, shelter, air, and water.
Biology
Problems a systematic way to fulfill needs.
Culture
Is there still total of individual characteristics, enduring traits, and ways of interacting.
Personality
Applies methods and materials to the acheivement of objectives.
Ex. Laws, tools, techniques, processes.
Technology
1- self-actualization 2- esteem 3- belongingness and love 4- safety 5- physiological needs
Maslow’s Hierarchy of Needs
Is fulfillment of one’s highest potential.
Self-actualization
How does technology differ, from other influences on management (ie. History, culture, and personality)?
It’s usually visible, technological advances are easily observed and measured.
Is the science of human beings.
Anthropology
The characteristic way, or pattern, in which an individual conducts her or his life.
Lifestyle
Mind science, focuses on how the individual thinks and behaves.
Psychology
Is the study on individual’s behavior within a group; it examines attitudes, problem solving, social influences, leaders and followers, and communication.
Social Pyschology
Explains the nature of human intelligence and how people think.
Cognitive Psychology
Emphasizes the collective behavior of social groups, including organizations and communities.
Companion/associate science
Sociology
The social science concerned with the production, development, and management of material wealth that different levels: households, businesses, of nations.
Economics
Anthropology, psychology, sociology, economics
Interdisciplinary influences on the Study of Resource Management
encompasses all the decisions a person of family will make and the way values, goals and resource use affect decision making.
Life Management
assess or alter their actions, language, and reactions according to those around them.
Self-monitor
Comprises all persons who occupy a “housing unit”
Household
is defined as those who live alone or with nonrelatives.
Nonfamily Households
contributes to the rising number of nonfamily households .
Cohabitation
relationships in which people usually related by ancestry, marriage, or adoption.
Family
1 form an economic unit and care for any young
2 consider their identity to be significantly attached to the group
3 commit to maintaining that group over time
Family Member
refers to a group of two or more persons related by birth, marriage, or adoption and residing together in a household.
Family
Current joint ownership of a home, rental/lease agreement, joint bank account or credit cards, ownership/holding of investments, utility bill with both names, obligation on a current loan,
acceptable forms of verification for Red Cross
is the person (or one of the persons) in whose name the home is owned or rented.
Householder
