Intro Flashcards
(31 cards)
Family resource management
Approach to allocating resources (ie. Time, money, material assets, energy, friends, neighbours, space) to meet goals
choice
act of selecting amongst alternatives
risk
possibility or perception of harm, suffering, danger, or loss; a factor of choice
how does happiness relate to life quality?
the higher your happiness, the more likely you are to say you have a high quality of life
population trends and its effects
- Global population is growing -> projected to be over 9 billion by 2050
- Most people will live in urban areas
- People are living longer
- Population shifts affect management patterns, and also influence transit, employment, and environment
management and its challenges
- process of using resources to achieve goals
- Includes both thought and action
- The thought part is important, and we experience challenges to it, ex:
- Arrogance (there’s nothing new to learn)
- Previous failed attemps (why try again?)
- Lack of commitment, drive, and awareness (why should I?)
- Lack of empathy, support, and enthusiasm (who cares?)
what does the management process involve?
- involves thinking, action, and results
needs vs. wants
- Needs: what we need to sustain life (ex. Water, shelter)
- Wants: what we desire, but aren’t necessary for survival
goals
end results that require action for their fufillment
values
principles that guide behaviour (ie. Honesty, loyalty)
resources
whatever is available to be used – can include info, time, skills, etc.
standards
- criteria that reconcile choices with demands
- Can be set by individuals for themselves, or by others
- Ex. Dress codes
decision making
choosing between 2 or more alternatives
planning
making a series of decisions that lead to an action
implementing
putting plans into action
feedback
- info that returns to the system – enables management knowledge and ability to grow
- Asking questions like:
- Was the problem solved?
- What was learned?
- Which decisions or plans worked, and which ones failed?
- What adjustments should have been made?
things to note about management process
- Steps may not always progress in the order specified (can occur simultaneously)
- Management process is more than just a set of concepts -> - It’s an applied social science since it’s results-oriented
management tools
measuring devices, techniques, or instruments that are used to arrive at decisions and plans of action (ex. Clocks, lists, calendars)
planning helps people do what?
- Highlight important problems and opportunities
- Invest resources in the right tasks
- Encourage the development of goals
- Make decision-making more effective
- Motivate and coordinate efforts
- Provide a feeling of growth and accomplishment
- Involve others
successful plans are…
realistic, clear, flexible, well-thought-out and executed
management is
- Change oriented
- Economically, culturally, and socially significant
- Dynamic, intriguing, and complex
- Personally and professionally rewarding
- Integral to developing leadership and teamwork skills
- A way of providing insight into human behaviour (decision-making)
management style (and its 5 factors)
- characteristic way of making decisions and acting
- 5 factors influence it:
- History (can influence decisions and options)
- Biology (dictates physiological needs) -> Ex. Maslow’s hierarchy of needs – basic physiological needs need to be satisfied before higher-order needs are considered
- Culture (provides a way to fulfill needs)
- Personality (influences how one interacts with environment)
- Technology (helps people achieve goals)
resource management is interdisciplinary - influenced by
- Anthropology: contributes to our understanding of culture
- Psychology: contributes to our understanding of goals, attitudes, and problem-solving
- Sociology: contributes to our understanding of family relations/groups
- Economics: contributes to our understanding of human resource planning, financial management, households, and microeconomics (behavior of individual consumers), and allocation of resources
lifestyle
characteristic way in which one conducts her life
