Humans consume and require massive amounts of resources for survival, physical growth, and personal growth. 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.

The identification of resources to meet specific needs is guided by culture, availability, and accessibility. Tap water quenches thirst, yet an individual may choose to buy bottled water for family drinking purposes. A single-family detached house may be preferred, but if apartments are the only choice available, a family may make do until other options surface. An Ivy League college may be a student’s choice, but if he or she does not meet the requirements for admission, another selection must be made.

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. In managing family resources, sufficiency is also an important consideration. Will family members accept a solution that just meets their minimum expectations? Old newspapers suffice for bathroom use, but not everyone would accept this choice. Because family needs are dynamic and ongoing, any one particular resource may prove useful on some occasions, but not even be considered at other times.

Families may substitute some resources for others depending on the situational variables. Lunch may consist of a peanut butter sandwich when time is limited but may be a multicourse feast when time is not an issue. Money is often substituted for time in resource selection. Fast food, airline travel, and lawn-care services are examples of this resource transfer or exchange. The complexity of individuals and families elevates the complexity of resource identification and selection when compared to resource management in the business setting.

Place Your Order Here!

Leave a Comment

Your email address will not be published. Required fields are marked *