MANAGING FAMILY RESOURCES
- 1. Planning – thinking of all possibilities that members of the family can accomplish to realize the set goals.
- 2. Organizing – the proper way of implementing activities and using resources to achieve the maximum efficiency without setbacks.
- 3. Implementing – carrying out of the plans including the activities and all the resources. - is called “from plan to action”
Full Answer
How can you manage your family resources efficiently?
2:046:43TLE 6 - H.E. - Management of Family Resources - YouTubeYouTubeStart of suggested clipEnd of suggested clipHow to manage family resources efficiently inform all the members of the family about the budget.MoreHow to manage family resources efficiently inform all the members of the family about the budget. Make adjustments to your budget as necessary. Keep within the amount allocated for budget items.
Why do we manage family resources?
Management helps you to: - reach your goals, - achieve what you want, - utilize your resources properly, - make your life more systematic, - avoid wastage of resources, - increase efficiency in work situations, - achieve a better standard of life.
What do you mean by family resources management?
Family Resource Management addresses the management of resources from a family systems perspective and focuses on not just the individual that makes a decision but the impact those decisions have on the family unit.
What are family resources and needs?
Family resources are the means that can be used by the family to cope with difficult situations; these include social, cultural, religious, economic and medical resources.
How important is resource management?
Resource management ensures resource managers have on-demand, real-time visibility into people and other resources so they can have greater control over delivery. When you execute resource management properly, you can help your organization reduce costs, improve efficiencies, and boost productivity.
Why is it important to identify properly the family resources and the family needs?
The needs of a family may not be met because necessary resources are not available. In other cases, if a resource is limited, the family may have to pay more to get that resource than if it were plentiful. The availability and accessibility of resources greatly influence how they are used.
What are the 3 types of family resources?
Types of Family ResourcesHuman Resources.Non-Human Resources.Community Resources.
What are the different household resources?
Definition. Household resources consist mainly of the wages earned, income from property (interest, dividends, income from land, etc.), of earnings from market production and social benefits.
What is family resources allocation?
The Allocation of Family Resources. A tenet of resource dilution theory is that children in larger sibships have access to fewer family resources compared to those with fewer siblings.
What are the characteristics of family resources?
Characteristics of ResourcesAll resources are useful and all help to achieve goals. One cannot call energy or time as a resource if it is wasted or not used. ... All resources are limited. ... All resources are inter-related. ... Resources can be substituted. ... All resources need to be managed.
What are the two classification of family resources?
(a) Durable possessions: These are possessions that last for a long time, e.g. furniture, houses, cars and appliances. (b) Consumable possessions: These are possessions that are used up over time e.g.
What are your resources?
Resources can be described as assets (time, money, energy), materials, or capital (other funds) which can be used to accomplish your goal. What are your financial resources? Make a list of all of your assets, or everything that you own.
What is the importance of family needs?
Family needs are basic and essential for the well-being and survival of the family. But family wants are desire or cravings that the family can do without. Primary Or Basic Needs - These are things required by all families for survival. They are so important that no family can do without them.
Who are the important resources in home management?
The resources are interrelated and interdependent. People often have to use a “resource-mix” or a combination of resources to achieve the family goals, e.g. for interior decoration, money, time, energy, knowledge, skill and other resources are combined together to purchase furniture and furnishing.
Why family is important in society?
As basic and essential building blocks of societies, families have a crucial role in social development. They bear the primary responsibility for the education and socialization of children as well as instilling values of citizenship and belonging in the society.
Why should you learn to manage your time money and energy?
Time, money, and energy are three of the most valuable resources to every human being. ... Because, as with anything, balancing time, money, and energy better requires awareness and attention; it requires an intentional plan and specific goals that ensure you're spending these resources in exactly the right places.
What is managing family resources?
Resource management is the process in which individuals and families use what they have to get what they want. It begins with thinking and planning and ends with the evaluation of actions taken. ... Through choices, individuals and families define their lives and influence the lives of others.
Why is it important for the homemaker to recognize and manage well our family resources?
This is especially important because she wants to run the home smoothly. An efficient homemaker will have the ability to get things done correctly. She need to know the optimum utilisation of resources both human as well as non-human resources .
What is effective use of resources?
Resource utilization , however, is the process of strategically measuring how effective resources are. A resource utilization example is checking if a certain employee is being maximized in between projects. While allocation organizes your project, it's utilization that makes your project successful.
Why is it important to manage resources effectively?
This is because better resource management helps improve insight into resource availability as well as improves timeline projections.
How do resources affect family management?
The resources that are available for use also influence family management. Some families may have a limited amount of resources available because of their geographic location or economic status. The needs of a family may not be met because necessary resources are not available. In other cases, if a resource is limited, the family may have to pay more to get that resource than if it were plentiful. The availability and accessibility of resources greatly influence how they are used. These factors also influence how resources are managed. More discussion about how resources influence family management can be found in Unit III.
HOW DO FAMILIES USE RESOURCES?
Other resources are necessary to facilitate education, community, and recreation. The study of family resource management considers both consumption of resources and the availability/expenditure of human resources by family members.
What are the three words that describe family resource management?
Each of these functions requires management. Thus, the concept of family resource management is imbedded in those three individual words: family, resource, and management .
What is management in everyday life?
What management does is provide a framework, a way of looking at things that can be applied to a variety of situations. It is about life not just happening but happening in an orderly way. Humans are constantly seeking answers, making plans, and pursuing goals that bring desired results. Management provides insight into how this occurs. It is both simple and complex. Each day presents new challenges, new questions about how life should be and can be. Individuals are continually confronted with decisions to be made given scarce resources. This entry has endeavored to show the basics of the discipline and its application to everyday life. The greatest future challenge for the field will be the continued integration of management with other theories to address socially relevant issues as life becomes more complex and diverse.
What is the purpose of management in the twenty first century?
1997). Because the purpose of management is not only to describe problems , but also to present solutions, distress and fatigue are subjects of discussion in terms of what can be done to lessen them.
How are family sciences related to business management?
The history of family sciences is closely linked to that of business management. Both fields emerged in academia at about the same time, and both began with efforts to facilitate efficient and effective use of resources. Many of the management theories applied to individual and family resource management stem from business management. Many of the human resource theories are supported by research in family science and other social sciences. Business management focuses on planning, organizing, leading, and controlling the use of resources to accomplish performance goals. The goal of any business is the maximization of this process. It is a conscious effort and a constant process. Choices must be made and evaluated continually.
How can education help develop human capital?
Education is one way to develop human capital. Related to this is the concept of social capital. The term social capital is gaining in importance in the family-relations field and management is considered part of a person’s or family’s social capital.
How to manage family members?
Here are some tips to remember: 1 Establish clear roles – Make sure that your family roles are clearly defined. It is important that each person understands and recognizes the rights and responsibilities associated with their roles and that everyone understands what is expected of them in their role. 2 Be flexible – Understand that roles may develop and change over time. Family members must be willing and able to change and adapt as needed, as well as taking on new or additional roles. 3 Assign family roles fairly – Make sure no one is overburdened with too many responsibilities. Discuss and review each family member’s role and check to see that everyone is comfortable with his or her roles. Lastly, make sure that the children’s roles are appropriate for their age. 4 Be responsible for fulfilling the role – Each family member needs to take their role seriously and follow through on responsibilities. If for any reason, a family member is having difficulty carrying out their role, it may be necessary to re-assign that responsibility.
How do families manage change?
One way a family can successfully manage change is by establishing clear family roles. Family roles are defined as a set of goals and responsibilities expected ...
What are the roles of a family?
Typically, there are five roles required for a healthy family: providing resources, nurturing and support, life skill development, maintenance and management of the family system and gratification of marital partners.
Why is family role important?
Everyone’s role is important. Each role provides a way to share responsibilities that ensure a successful functioning family. During major life changes or crisis, family roles may need to be re-defined and re-assigned to cope with the changes. Here are some tips to remember:
What is a family resource center?
Family resource centers are community-based or school-based, flexible, family-focused, and culturally sensitive hubs of support and resources that provide programs and targeted services based on the needs and interests of families. Family resource centers, sometimes called family support centers, family centers, parent-child resource centers, ...
What is the mission of Family Resource Center Association?
Describes the mission of the Family Resource Center Association, which is to equip family resource centers with research, evaluation, training, and streamlined standards of quality. Family Resource Centers and Family Support and Strengthening Networks (PDF - 6,482 KB)
How can one exchange one resource for another?
One can exchange one resource for another. A family uses time, skill and energy of a servant and gives her money in exchange. Similarly, material goods can be bought in exchange of money. One can exchange knowledge by paying tuition fees.
How to manage time and energy?
Time and energy have to be managed by work simplification tech-niques, proper postures and labour saving devices.
What are some examples of community facilities?
Parks, libraries, post office, police and fire protection, banks, hospi-tals, transport facilities, roads, rail-ways, electricity, water supply, mar-kets, community centres and ration shops are examples of community facilities. All families can avail these facilities without directly paying for them but indirectly pay-ing for them through taxes.
What is the pivotal resource that can be exchanged to buy material things, commodities and services?
Money: It is the pivotal resource which can be exchanged to buy material things, commodities and services. It can also be used for future use and thus gives a sense of security to the family. b. Material goods: These include durable goods or perishable goods used and owned by a family in their everyday use.
What is resource in business?
Resources can be defined as anything we use to achieve what we want (our goals).
Is time a resource?
One cannot call energy or time as a resource if it is wasted or not used. If a piece of land is lying vacant, it is not a resource, only when a family grows vegetables on it, does the land become a resource.
Can a resource be used in isolation?
A resource cannot be used in isolation. If a homemaker has to go to the market, she will use her knowledge, skill of bar-gaining, time, energy, money, market and transport to achieve this goal.
How to balance work and family?
Balancing work and family is an issue for almost every family and finding the right balance can feel completely overwhelming. There are some strategies, however, that can help families cope. Set priorities. With so many demands on our time, it’s hard to be everything to everyone. You may be juggling a number of roles and goals in your life.
How to make family time sacred?
Build rituals into your life. Schedule time to ensure that family time happens. Establish a family movie or games night. Make meal time sacred family time when you sit down together for dinner and take turns sharing the day’s events. Take time for yourself. Taking time for yourself has to be a priority.
What to do when you go home for lunch?
If you go home for lunch, do some initial meal preparation then so that it cuts down on your after-work meal prep time. Negotiate flex hours or part-time hours if possible. Flexibility in your work life can bring an incredible stress release to a household.
What is the priority of being involved parent?
For example, if “being an involved parent” is a priority for you – setting aside time each night to play with your children might take priority over working those over-time hours in order to finance a bigger home. Plan and do things in advance. Work weeks are when most of us tend to be the busiest.
How to keep two people from drifting apart?
Make room for couple time. In the work/home whirlwind, it is easy for two people, while living in the same household, to drift apart. Just as it is important to spend time interacting with your children, it’s important to spend time interacting with your partner. Set aside time for one another.
How to enjoy life at work?
Keep in mind that work is only one part of you. We only go around once, so it’s important to enjoy your life and make time for fun. Look for opportunities to enjoy life both at home and at work. Find the humour in things. Laugh. Be there for the moments.
How to make your kids more responsive to work?
Children are more likely to be responsive to your work demands when you share that part of your life with them. Find time for fun. Keep in mind that work is only one part of you.
How to manage resources?
1. Plan to Plan. Planning is important when it comes to being efficient. Time is money and it is best to plan for effective resource management from the very beginning of projects. When starting a project, planning should be first on your to-do list.
How to use resources effectively?
One of the most effective ways of using resources and minimising their use at work when possible is by adopting a systematic approach. This can be achieved by: 1 Setting a baseline – Using your previous performance as a base for improvement will help pave the path for productivity. 2 Benchmarking your performance – Comparing your own performance against that of similar companies (preferably your competitors). 3 Forming an action strategy – Once the prospective improvements have been highlighted, it is time to form an action scheme about how to accomplish them. 4 Fixing targets and responsibilities – While setting targets ensure that they are achievable in the allocated time by the employees. 5 Observing and reporting – Set up reporting procedures and measure your performance at regular intervals to ensure that you are on track. 6 Reviewing actions and performance – This step will ensure that you keep learning and improving.
Why is technology important in resource management?
The use of technology will make the running of the company much more efficient and allow several projects to run at the same time due to the resources that free up when technology is used instead of the assets.
What happens when you use resources efficiently?
Through efficient utilisation of resources, businesses can reach new heights of success. On the other hand, inefficient utilisation will lead to bigger losses. You will not be able to get any value out of your investments unless you know how to make the most out of them.
What is resource management software?
Resource management software is a useful tool to significantly enhance the operations of your business. Invest in resource management software that offers a long list of features tailored to boost resource management and improve the overall performance and productivity. One popular example is the Timewax resource software which allows managers to share the resource planning with their employees via the company’s calendar system or mobile application. The following are some of the features you should look for in the software you are investing in.
When to finalise a resource list?
Finalise the list of resources and their details before the project can officially begin. It is essential to have the list ready for everyone to see so that the details are clear in everyone’s minds and the risks of confusion are reduced.
What is the purpose of observing and reporting?
Observing and reporting – Set up reporting procedures and measure your performance at regular intervals to ensure that you are on track.
Resource Management
- from International Encyclopedia of Marriage and Family
Resource management is the process in which individuals and families use what they have to get what they want. It begins with thinking and planning and ends with the evaluation of actions taken. Three fundamental concepts in resource management are values, goals, and decision ma…
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