Business

Family members serving in the military leave more than emotional voids behind them.

REALITY CHECK When Uncle Sam Calls What impact does military deployment of a parent have on a family? The United States has fought many wars in the past, but the most recent efforts in Iraq and Afghanistan have disrupted families in ways that were not typical in past deployments. The majority of soldiers did not […]

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CONTEXTUAL INFLUENCES IN FAMILY RESOURCE MANAGEMENT

CONTEXTUAL INFLUENCES IN FAMILY RESOURCE MANAGEMENT Families do not exist in a vacuum. Outside influences come into the family environment to change the way the family thinks and behaves. These influences come from history, culture, and the environment. Historical Influences Throughout history, there have been ideas and circumstances that have influenced the way families manage

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THE DECISION-MAKING PROCESS

THE DECISION-MAKING PROCESS There are many ways that individuals and families go about making decisions. Janis (1989) proposes the rational model, presuming that, in the process of making decisions, there are purposeful goals and objectives. Rational decision making involves searching for alternatives, assessing consequences, estimating risk or uncertainty, determining the value of consequences, and selecting

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MANAGING FAMILIES

MANAGING FAMILIES 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

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INDUSTRY FOUR: APPAREL

INDUSTRY FOUR: APPAREL CASE 2 4 Under Armour 24-1 (Contributors: Ram Subramanian and Pradeep Gopalakrishna) Under Armour’s footwear sales declined by 4.5% during the second quarter of 2009 and showed a 16.6% decline in the first six months of 2010 compared to 2009. This was in contrast to its performance apparel, the company’s core category,

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