Lesson 1 Flashcards
minimum income required for a family to meet the basic food and non-food requirements
Poverty threshold
number of individuals
with income below the per capita poverty
thresholds divided by the total number of
individuals
Poverty incidence
It is the art of doing things through people.
Management (Mary Parker Follet)
Planning and implementing the use of resources to meet demands
Management (Deacon et.al, 1988)
Two aspects of Management
- Managers
- Productive
Three Signs of Productivity
✓Outputs are increasing given the same input (O ↑ = I)
✓Inputs are decreasing but maintaining the same outputs (I ↓ = O)
✓Outputs are increasing given decreasing input (O ↑ = ↓ I)
Choosing among alternatives
Choice
The possibility of harm, suffering, or loss
Risk
There is an opportunity for certain risks.
Risk (Goldsmith, 2013)
Understanding the decisions individuals and families make on developing and allocating resources, including time, money, material assets, energy, friends, neighbors, and space, to meet their goals
Family Resource Management (National Council on Family Relations, 2014)
What resources should we allocate in Family and Resource Management
time, money, material assets, energy, friends, neighbors, and space, to meet their goals
How individuals and families decide, plan, and act for progress, for fulfilling needs, and accomplishing goals in an increasingly technological society.
Family Resource Management (Goldsmith, 2013)
getting the work
done with minimum effort,
resource, or waste.
Efficiency
completing the
activities planned and achieving
the targeted goals.
Effectiveness
What are two management concerns?
Efficiency and Effectiveness
Management Process
Step 1: Identify problem, need, want, or goal
Step 2: Clarify values
Step 3: Identify resources
Step 4: Decide, plan, and implement
Step 5: Accomplish goals and evaluate
Step Under: Feedback (goes back to Step 1)
All enclosed within an environment
Factors Affecting Management
- History
- Biology- physiological needs
- Culture
- Personality
- Technology
