Chapter 1 Online Notes: Introduction Flashcards
What are three reasons that makes studying family crucial
1) To investigate trends
2) To understand the diversity of families
3) To influence society public policy
What is family management principles
Is the balance and handling of one’s available resources and opportunities in such a way which makes ones needs and goals achievable
At the core of family management principles is the exploration of what
how individuals both cause and handle changes
When does family management evolve
as individuals priorities change
Is there a difference between managing and managing well?
yes
What is management?
Management is how one uses the available resources to achieve desired goals
What does management require
both action and thought
_____ is necessary for attainment
Action
What two things does management process rely on?
a) Decision making
b) The choices one makes
What is step 1 of management process
Identify a need, want, or goal
What is step 2 of management process
Clarify values
What is step 3 of management process
Identify resources
What is step 4 of management process?
Decide plan and implement
What is step 5 of management process?
Accomplish goals and evaluate
What is step 6 of management process?
Feedback and summary
