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University of British Columbia
Family Studies
FMST 238

Chapter 1 Management TodayoHow individuals and families decide plan and act in order to fulfill needs and accomplish goals in an increasingly complex societyoManagements implies working togetherEngage in collective decision makingProviding a framework that supports and maximizes the benefits to family membersoFamily recourse management is an understanding of the decisions individuals and families make about developing and allocating resources including time money material assets energy friends neighbors and space to meet their goals oChoice is the act of selecting among alternativesWhen you choose you are accountable for the resources used and the paths selectedRely on what we have or what we can most easily accessOur choices define our lives and influence other peoples and the world we live inoRisk is the possibility or perception of harm suffering danger or lossFactor in choiceoBasic principle in management where there is risk there is opportunitySome people are more risk averse than othersoAnother factors in management is your personality environment and time play roles toooStudy of management explores how human beings react to change and how they cause change to happenoFamily life and household functioning are constantly changingoHappiness is the degree of happiness with which one judges the overall quality of his or her life as favorableoPopulation shifts affect management patternsIncreasingly urban and mobileManagement asProcessoManagement is the process of using resources to achieve goalsThe process of using what one has to get what one wantsProcess includes the functioning actions thinking and events that occur over timeoManagement Includes both thought and actionImportance of knowledge management the thought part cannot be underestimatedSeveral challenges when trying to initiate knowledge managementArrogancePrevious failed attemptsLack of commitment drive and awarenessLack of support energy or enthusiasm oCentral to the discussion in each chapter is the way different personalities and situations affect how choices are made and acted uponoManagement process involves thinking action and resultsResultorientedo management is practical but also complex because people have difference resources and abilities how they handle internal and external forces are different and the environment is constantly changing Internal forces are the personal drive behind our actionsExternal forces include the ups and downs of the economy the condition of the environment and the rules and laws of societyoManagement process involvesIdentity problem need want or goal clarify values identify resources decide plan and implement accomplish goals and evaluate feedbackAll of this is affected by the environmentBegin with a problem need want or goalProblems are questions dilemmas or situations that require solving such as Should I buy or rent a homeNeeds are what we need to survive or sustain life such as food and shelterInclude the need for wellness social interaction financial support and informationWe have a need to satisfy intellectual curiosityWants are things that we desire such as an expensive sports car but that are not necessary for us to surviveThings are activities that make people feel comfortable and satisfiedGoals are end results that require actions for their fulfillmentArranged in a hierarchy from fairly ordinary to extraordinaryClarification of valuesValues are principles that guide behavior such as honesty or loyaltyClarification means to make clear to make easier to understand or to elaborateAs they move through the management process people need to clearly identify what they want to achieve and to ensure that their goalseeking behaviour is compatible with their valuesManagement is based on values and goalseeking behaviourIdentifying resourcesResources are whatever is available to be used Ex information time skills human and mechanical energy Internet access and moneyStandards are the quantitative andor qualitative criteria that reconcile resources with demandsSet by individuals and families for themselves as well as set by friends employers schools and governmentsEx speed limitsestablished by the govtStandard setting is dynamic and subject to changeDecide plan and implementDecision making refers to choosing between 2 or more alternativesPlanning requires making a series of decision that lead to actionPlans give focus and direction to the pursuit of wants needs and goalsImplementing means putting plans into actionAccomplish goals and evaluateEvaluationWas the problem solvedWhat was learnedWhich decisions or plans worked and which ones failedWhat adjustments should have been madeFeedbackFeedback is the information that returns to the system which enables the individuals overall management knowledge and ability to growManagement process is never stagnantManagement process must be viewed within an environmental contextSteps may not progress in exactly the order sometimes steps occur simultaneouslyManagement process is far more than a set of conceptsEssence of the process is that the concepts are interrelatedoManagement tolls are measuring devices techniques or instruments that are used to arrive at decisions and plans of actionEx clocks lists forms calendars budgets and timetablesSuccessful Plans Putting Management into Action
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