Families are the most important economic units in society. A human resource (children) causes a need to manage other resources (money, energy, time). Resource management can help strengthen relationships.
Why are other resources important in Family Resource Management?
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. The identification of resources to meet specific needs is guided by culture, availability, and accessibility.
What is the importance of family?
What is the importance of family? Family in the modern age provides the foundation for all family members to build on for the rest of their lives. People who don't have the love and support of a family in the modern age often fare worse than those who have the love and support of family in modern society.
What happens when families identify needs and resources?
As families identify needs, their focus turns to finding ways to fulfill those needs. The number of possible solutions will vary depending on the particular need. These solutions, however, always require resources. The larger the pool of resources, the higher the probability that needs will be met efficiently and effectively.
Why might a family have a limited amount of resources?
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.
Why is the importance of family important?
Family is important because they can offer support and security coupled with unconditional love; they will always look to see and bring out the best in you even if you cannot see it for yourself.
What is the importance of resources in achieving individual and family goals?
All resources have the use and resources are used to achieve the set goals by the family. Gross, Crandall and knoll stressed the availability of resources by defining them as they are those available means which are used for reaching goals and meeting demands.
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.
How can we manage family resources efficiently?
5:446:43We can manage family resources efficiently by choosing a simple lifestyle that you can sustain withMoreWe can manage family resources efficiently by choosing a simple lifestyle that you can sustain with your earnings. Very good answer good.
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.
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 the family unit?
The family unit has been and continues to be the basic unit of society. As such an integral part of the larger social system, the family is impacted by all social, economic, political, and environmental changes. Thus, the family is dynamic in nature, responding and adapting to change. To allow such flexibility, families must engage in the management process, using basic decision-making tools and accessing necessary resources to maintain over time.
What are the basic needs of a family?
Basic needs such as food, water, shelter, and clothing are obvious. 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.
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.
What are the three concepts of resource management?
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 making. Values such as honesty and trust are principles that guide behavior. They are desirable or important and serve as underlying motivators. Values determine goals, which are sought-after end results. Goals can be implicit or explicit. They can be short-term, intermediate-, or long-term. Decisions are conclusions or judgments about some issue or matter. Decision making involves choosing between two or more alternatives and follows a series of steps from inception to evaluation.
Why is it important to have a well functioning family?
First, family members who can work contribute at least a part of their earnings to help the family meet everyone's needs and wants. Second, the family combines resources to pay bills and manage their money to ensure that financial necessities are always taken care of.
Why is nuclear family important?
A nuclear family plays a critical role in education because it reinforces beliefs related to different areas of life and society. Having a good mother-father relationship helps children understand the importance of education and life lessons.
Why is nuclear family considered the smallest unit of society?
A nuclear family is seen as the smallest unit of society because it is a steppingstone or building block that’s part of the culture. A family unit is a small social community contributing to a larger unit or society.
How do parents contribute to society?
One of the most important ways parents contribute to society is by educating their children. The learning doesn't go just one way, either. In a healthy family, learning has a high priority, perhaps just after meeting basic needs. Talking around the dinner table, family members often share their political views. They may discuss the issues in an upcoming election or the qualifications of a candidate. This inspires everyone to find out more about the people and ideas involved so they can make an informed decision when it's their turn to vote.
What is extended family?
The extended family in modern society can include family members in the family structure that aren't a part of the nuclear family. These extended family members often include aunts, uncles, and cousins who spend time together participating in family activities and sharing important moments in family life.
Why do people live longer with their children?
This may be because parents tend to eat healthier food, quit smoking, reduce their drinking, quit using drugs, and may even stay more active compared to their childless peers.
How does the community benefit?
The community benefits when the family relieves it of the burden of supporting members of that family. Healthy families produce people who make positive contributions to the community too. Parents tend to get involved with their community more often than people living alone.
Why is it important to manage family resources efficiently?
Family resource management is a subject that applies to all areas of life and all life stages. Families are the most important economic units in society. A human resource (children) causes a need to manage other resources (money, energy, time). Resource management can help strengthen relationships.
Why is it important to manage resources effectively?
Effectively managing resources helps companies more consistently deliver projects and services on time. This is because better resource management helps improve insight into resource availability as well as improves timeline projections.
Why should you learn to manage your family resources wisely?
Resource management is important because: It enables utilization planning; It makes the planning and management process more transparent; It helps you see problems before they start; It gives you control over your project.
Why is it important to identify properly the family resources and the family needs?
Why is it necessary that we have to identify our family resources and needs ? It is truly necessary, because we need to manage our resources and needs wisely. This is because our resources are important for us to stay alive and to provide our needs for our daily living.
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 are two main functions that families perform?
From the perspective of children, the family instills a sense of orientation: The family functions to locate children socially, and plays a major role in their socialization . From the point of view of the parents, the family's primary purpose is procreation: The family functions to produce and socialize children.
Why is family important?
The family is very important because it alone caters to a huge percentage of our needs. The importance of family cannot be overstated, the family is the basis of the society and from the listed benefits it can be categorically said that the family is a pillar of society.
Why is it important to have a good family?
A good family creates a conducive environment for an individual to be what they truly are, you can freely dream and pursue your dreams because you have support in the form of family members who are ready to help financially and emotionally. 8. Fulfillment of Basic Needs:
What is the structure of a family?
Structure: The family has a hierarchy, the father, mother, children and probably members of the extended family. The family has a structure, and this structure creates a conducive environment for growth and learning, two very important processes.
What is a family?
A family is like an emotional support system with no expiry date, you can tap into the resources anytime. You are accepted for who you are and loved unconditionally. A sense of belonging is a human need, having a family fulfils this need, giving you confidence and emotional balance.
How is knowledge passed through family?
Knowledge is passed through interactions between family members, and there is a circle of influence where members have an influence on each other. Having a family makes the initial stages of life a breeze, because there is a natural system of education in place to prepare you for the world. 5. Sense of Belonging:
What is the role of family in socialization?
Sociologists consider the family as the agency of primary socialization, it is the first point of call for children, the family is the first place where children experience interpersonal interactions that will have an impact on them for the rest of their lives. The absence or presence of a family structure plays an important role in ...
What does it mean to go back to family?
No matter how much trouble you get into, you can always go back to family, so the family provides that security, it gives you assurance that you have people to fall back on, people that will happily help you in times of need. 3. Love: Love is the nucleus of everything, with love anything is possible.
What is resource management?
Resource management is the process of planning, scheduling, and allocating organizational and project resources in the best possible way. Its ultimate aim is to maximize your resources’ efficiency. Which in turn will help fulfil project, task, or organizational goals.
What is a resource in construction?
They are whatever you need to complete your project or task. For a construction company, a resource can include a special piece of equipment or tools. A software company would need computers and developers.
What are the different types of resource management?
There are actually a number of different types of project resource management. These include resource scheduling, planning, and management itself. The biggest difference between the three is the depth of planning.

Resource Management
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