2

RESOURCES
MANAGEMENT

LET’S TRY THIS

Instructions. Fill in the K-W-L matrix below on What You Know, What You Want/ Need to
Know and What Did You Learn about the lesson. Answer the “Know” and “Want” before
the lesson and “Learn” after the lesson.

What do you KNOW? What do you WANT to What did you Learn?

SACARE, M. L. 1
 LET’S DO THIS
Instructions: Accomplish the activities before proceeding to the next activity/task. In your
idea, how these terms become the fundamental concepts in resource management?
Describe each.

3 FUNDAMENTAL CONCEPTS
IN RESOURCE MANAGEMENT

Values Goals Decision - making

LET’S THINK ABOUT THIS

SACARE, M. L. 2
After you completed the activity, answer the following questions.

1. What is resource management?

__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
______________________________________

2. Explain the relationship between values, goals, and decision-making.

__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
______________________________

3. Why do you think it is very important for families to have these fundamental principles?
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
____________________________

LET’S STUDY DEEPER

SACARE, M. L. 3
The following section will provide you important details about the lesson.

RESOURCE MANAGEMENT

Resource management
Resource Management is the process in which individuals and families use what
they have to get what they want. 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.

Through choices, individuals and families define their lives and influence the lives
of others. The study of resource management focuses on order, choices, and
control, and how people use time, energy, money, physical space, and information.
As an applied social science, it is an academic field that is fundamental to our
understanding of human behavior. The knowledge obtained through the study of
management is evaluated in light of its ability to make an individual's or family's
management practice more effective.

Individuals and families have characteristic ways of making decisions and acting
called their management style. Although similar styles are exhibited within families
(such as a tendency to be on time or to finish tasks to completion), there are also
wide ranges of styles within families making the study of management intrinsically
interesting, especially from a socialization point of view. Why do such differences
exist and how does the individual's style mesh with that of the other members'
styles in the family?

Measuring devices, techniques, or instruments that are used to make decisions

and plan courses of action are called management tools. For example, time is a
resource and a clock or stopwatch is a management tool.

Resources can be divided up into human and material resources, assets that
people have at their disposal. Material resources (e.g., bridges, roads, houses)

SACARE, M. L. 4
decline through use whereas human resources (e.g., the ability to read, ride a
bicycle) improve or increase through use. Human capital describes the sum total of
a person's abilities, knowledge, and skills. 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. As a dynamic concept social capital can
be considered a resource imbedded in the relationships among people that
individuals, groups, and communities create, in which they invest, and which can
be used to provide or develop resources or facilitate social and personal well being
(Bubolz 2002).

SACARE, M. L. 5
Conceptual Framework and History
Resource management has a long history and an interdisciplinary base borrowing
from and contributing to such fields as economics, organizational behavior,
anthropology, psychology, and sociology. The discipline was originally called home
management—with an emphasis on work simplification and household efficiency—
but since the postmodern period (beginning in the 1960s) the emphasis has been
on viewing the family as a social system and resource management as one of the
many functions of that system (Knoll 1963; Maloch and Deacon 1966; McGregor
2001). In recent years the most widely used term to describe the field is family
resource management or more simply management, which will be a term used in
the remainder of the entry. Although the family is recognized as the fundamental
societal unit, it is recognized that management principles and techniques apply to
singles as well as to families. Attention is also paid to the management styles and
situations of different types of families besides the traditional two-parents-and
children configuration.

Management research studies are conducted worldwide and results are reported in
journals and at conferences. Family functioning, time, and stress are common
themes. For example, data-based studies have found that family resources play a
critical role in the healthy family functioning of Korean immigrant families in the
United States (Lee 2000). Multinational papers presented at the 1998 International
Household and Family Research Conference held in Helsinki, Finland reinforced
the importance of family resource management to the well-being of families
including the pursuit of the ideal life (Turkki 1999; Fujimoto and Aoki 1999).
Several theories, most importantly systems and economic theories, influence the
way management is taught, practiced, and studied. According to Deacon and
Firebaugh (1988), the family's values, demands and resources are defined as
inputs to the system. A leading management theorist in the twentieth century,
Beatrice Paolucci, was especially interested in how family systems interact with
their various near and far environments, which is termed the human ecological
approach. Paolucci along with her coauthors Nancy Axinn and Olive Hall wrote:

“Things need not just happen in a family; they can be decided. The responsibility
and the burden of choice are a particular attribute of humanness. The quality of
human life and the prospect of the family's continued survival within limited
environmental settings depends, in large measure, on the decisions made in daily
family living (1977, p. 1).”

For a history of her life and contributions to family resource management see
Beatrice Paolucci: Shaping Destiny

SACARE, M. L. 6
through Everyday Life (Bubolz et al. 2002). Economic theory assumes that people
seek to maximize their satisfaction through the decisions that they make. In
economics, individuals are seen as rational and acquisitive. Management
recognizes that although individuals want to increase satisfaction, they often
behave in no optimizing, less than rational ways. Unexpected events or reactions
to events may require adjustments to plans and actions.

Family resource management differs from the way management is taught in

business schools. In colleges of business, the application is mostly to employer/
employee relationships in nonprofit and for-profit organizations. The fields are alike
in that both are concerned with productivity and decision making but in family
resource management the examples are more likely to be of a personal, home
based, or family nature. However, it should be pointed out that there are several
cross-over topics such as time management and balancing work and family life and
cross-field collaborations are common.

How Do Families Use Resources

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

SACARE, M. L. 7
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.

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 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.

Although the family is not a business, it does have many of the same goals that a
business addresses. Management theories are explored from both the business
and family conceptual frameworks. Business decisions generally have a stronger
hierarchical base and more tangible factors available in the decision-making
process. Most family management activity begins with that same decision-making
process, but family management exists on a higher personal level with more
emotional, intangible types of factors to consider. The decision-making process is a
major concept addressed and explored throughout this text.

Activity Reinforcement: Please click this link to learn more about scope and
significance of management:

SACARE, M. L. 8
https://www.homeworkmarket.com/questions/what-is-family-resource-
managementand-why-is-it-important-to-todays-american-family-goldsmith-e.-
b.-and-goldsmith-e.-b.2003.-resource-management.-in-j.-j.- ponzetti-jr.-ed.-
international-encyclopedia-of-marriage-and -family-2nd-ed..-farmington-m

LET’S CHECK IT OUT

The following questions are intended to emphasize important ideas within the lesson.
1. Explain in your own words the essence of values, goals and decision making in household
resource management.
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________

2. How do you view and manage your choices?

_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_________________________________________

3. How does your family use resources?

_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
____________________ __________________

SACARE, M. L. 9
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
________________________________________________________________

Exercise 3:
Concept Map Instructions: Make a concept map on resource management:
(Space provided for the answers)

SACARE, M. L. 10
FEEDBACK
How well did you do the exercise 3? You may now compare your answers with
those in the Key to Correction found on the last page of this module. It might be
that some of your answers may not be stated in exactly the same words in the
answers key. However, as long as the ideas expressed are similar, you can mark
them as correct.

You can proceed now to the next activity.

THINK & REFLECT

Instructions: Briefly answer the following and provide concrete and relevant
examples.
1. How can you maximize satisfaction from resources?
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
______________________________________________________________________________________________
________________________________________________________________

2. Give an example of resource that you can create or cultivate in yourself.

_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
_____________________________________

SACARE, M. L. 11
3. Would you change your values and standards because your friend wishes you to
do? What factors should you consider?
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________

SUGGESTED READINGS

The following websites are the extensive teacher resources that contain reading
materials. Read it in your most convenient time for the purpose of improving your
foundational knowledge of the lesson. You are also to give your takeaways (key
message learned/understood) in the respective readings you have done.

• https://www.homeworkmarket.com/questions/what-is-family-
resourcemanagement-and-why-is-it-important-to-todays-american-family-
goldsmith-e.b.-and-goldsmith-e.-b.-2003.-resource-management.-in-j.-j.-
ponzetti-jr.-ed.international-encyclopedia-of-marriage-and-family-2nd-ed..-
farmington-m
• http://ecoursesonline.iasri.res.in/course/view.php?id=218
• https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3233495/
• http://www.brainkart.com/article/Family-Resources--Types-
andCharacteristics_33512/

ASSESSMENT

SACARE, M. L. 12
Performance Task. You are required to accomplish the task before proceeding to
the next activity.

Write an expository essay about the importance of values, goals

and decision making process in household resource management.

These are the criteria:

 Purpose and Audience
 Support and Synthesis
 Orientation, Fluency and Style
 Resources and Presentation

Expository/Informative Writing Rubric

Instructions: Your expository essay about the importance of values, goals, and
decision making process in household resource management will be graded based
of this rubric. Consequently, use this rubric as a guide when writing your essay and
check it again before you submit it.

SACARE, M. L. 13
(Space provided for the answers)

SACARE, M. L. 14
FEEDBACK

How well did you do the assessment task? You may now compare your responses on the
content application questions with those in the Key to Correction found on the last page of this
module. It might be that some of your answers may not be stated in exactly the same words in
the answers key. However, as long as the ideas expressed are similar, you can mark them as
correct.

LET’S REMEMBER

In this lesson, you learned that:

• Resource Management is the process in which individuals and families use

what they have to get what they want.

• Three fundamental concepts in resource management are values, goals, and

decision making.

SACARE, M. L. 15
• Through choices, individuals and families define their lives and influence the
lives of others. The study of resource management focuses on order, choices,
and control, and how people use time, energy, money, physical space, and
information. As an applied social science, it is an academic field that is
fundamental to our understanding of human behavior.

• Measuring devices, techniques, or instruments that are used to make

decisions and plan courses of action are called management tools.

• The identification of resources to meet specific needs is guided by culture,

availability, and accessibility.

• The history of family sciences is closely linked to that of business

management. Although the family is not a business, it does have many of the
same goals that a business addresses. Management theories are explored
from both the business and family conceptual frameworks.

SUGGESTED READINGS
• http://ecoursesonline.iasri.res.in/mod/page/view.php?id=27906
• https://www.homeworkmarket.com/questions/what-is-family-
resourcemanagement-and-why-is-it-important-to-todays-american-family-
goldsmith-e.b.-and-goldsmith-e.-b.-2003.-resource-management.-in-j.-j.-
ponzetti-jr.-ed.international-encyclopedia-of-marriage-and-family-2nd-ed..-
farmington-m
• http://www.fao.org/3/y5312e/y5312e00.htm
• http://dpaweb.hss.state.ak.us/manuals/fs/602/602-2_a.htm
• https://www.homeworkmarket.com/questions/what-is-family-
resourcemanagement-and-why-is-it-important-to-todays-american-family-
goldsmith-e.b.-and-goldsmith-e.-b.-2003.-resource-management.-in-j.-j.-
ponzetti-jr.-ed.international-encyclopedia-of-marriage-and-family-2nd-ed..-
farmington-m
• http://ecoursesonline.iasri.res.in/course/view.php?id=218
• https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3233495/
• http://www.brainkart.com/article/Family-Resources--Types-
andCharacteristics_33512/

POST-ASSESSMENT
Performance Based Task

SACARE, M. L. 16
Instructions: After you have completed all the lessons, activities and the given set
of assessment of this module you can proceed to accomplish the course
culmination output of this module.

There will be one academic paper required in this module. You are going to conduct
a research review. The paper must be at least full 3 pages in length and
address the following question:
Give our current economic times. What is the greatest family resource management
issue facing Filipino families today (not you personally) and what can be done about
it?
Justify your position using current researches on Household Resource Management.

Research Review Rubric

Instructions: your research review household resource Management will be graded
based on this rubric. Consequently, use this rubric as a guide when writing your
essay and check it again before you submit it.

Send your output to [email protected] and a feedback will be given

after the evaluation.

Research Review Rubric

Paper Grading Rubric Possible

Grade
The paper addresses the issues specified by the
assignment 30
The author shows insight and sophistication in thinking and 40
writing
Paper was well organized and easy to follow. Paper was
the required length, is doubled-space with 1-inch top,
bottom, left and right margins, and in Arial or Times New 20
Roman style, size 10-12 font. Cover page, paper body,
citations and reference list were in correct APA format.
Few no to spelling, grammar, punctuation or other writing 10
structure errors.
Total 100

SACARE, M. L. 17
REFERENCES
• Bubolz, M.; Axinn, N.; Mitsifer, D.; Nelson, L.; Wenberg, B. (2012). Beatrice
Paolucci: Shaping Destiny through Everyday Life. Michigan State University
East Lansing.
• Deacon, R.; Firebaugh, F. (1988). Family Resource Management, 2nd edition.
Allyn and Bacon Boston.
• Fujimoto, T.; Aoki, K. (2009). "What to Recognize from Everyday Life in
Interaction of Man, Matter, Life and Environments." In New Approaches to the
Study of Everyday Life: Proceedings of the International Household and
Family Research Conference, May 31-June 3, 1998, Helsinki, Finland.
• Goldsmith, E. (2010). Resource Management for Individuals and Families, 2nd
edition. Wadsworth Belmont, CA.
• Goldsmith, E. (2011). Personal Finance. Wadsworth Belmont, CA.
• Lee, H. (2000). "The Effects of Family Resources and Social Support on
Family Functioning Style among Korean Immigrant Families in the U.S."
Journal of Family and Consumer Sciences. 92(3):66.
• Maslow, A. (1954). Motivation and Personality. Harper and Row New York.
• McGregor, S. (2001). Modernism and Post-Modernism Compared. Working
paper. Halifax, Nova Scotia, Canada: Mt. St. Vincent University.
• Paolucci, B.; Hall, O.; Axinn, N. (2017). Family Decision Making: An
Ecosystem Approach. Wiley New York.
• Winter, M. (2015). "Resource Management." In Encyclopedia of Marriage and
Family Relationships, ed. D. Levinson. Macmillan New York.

Online Resources

• http://ecoursesonline.iasri.res.in/mod/page/view.php?id=27906
• https://www.homeworkmarket.com/questions/what-is-family-
resourcemanagement-and-why-is-it-important-to-todays-american-family-
goldsmith-e.b.-and-goldsmith-e.-b.-2003.-resource-management.-in-j.-j.-
ponzetti-jr.-ed.international-encyclopedia-of-marriage-and-family-2nd-ed..-
farmington-m
• http://www.fao.org/3/y5312e/y5312e00.htm
• http://dpaweb.hss.state.ak.us/manuals/fs/602/602-2_a.htm
• https://www.homeworkmarket.com/questions/what-is-family-
resourcemanagement-and-why-is-it-important-to-todays-american-family-
goldsmith-e.b.-and-goldsmith-e.-b.-2003.-resource-management.-in-j.-j.-
ponzetti-jr.-ed.international-encyclopedia-of-marriage-and-family-2nd-ed..-
farmington-m

SACARE, M. L. 18
• http://ecoursesonline.iasri.res.in/course/view.php?id=218
• https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3233495/
• http://www.brainkart.com/article/Family-Resources--Types-
andCharacteristics_33512/

APPENDICES
SACARE, M. L. 19
Expository/ Informative Writing Rubric

SACARE, M. L. 20
Research Review Rubric
Instructions: your research review household resource Management will be graded
based on this rubric. Consequently, use this rubric as a guide when writing your
essay and check it again before you submit it.

Research Review Rubric

Paper Grading Rubric Possible

Grade
The paper addresses the issues specified by the
assignment 30
The author shows insight and sophistication in thinking and 40
writing
Paper was well organized and easy to follow. Paper was
the required length, is doubled-space with 1-inch top,
bottom, left and right margins, and in Arial or Times New 20
Roman style, size 10-12 font. Cover page, paper body,
citations and reference list were in correct APA format.
Few no to spelling, grammar, punctuation or other writing 10

SACARE, M. L. 21
structure errors.
Total 100

KEY TO
CORRECTION

SACARE, M. L. 22
Pre– Assessment

1. Briefly define household resource management.

Household resource management uses the household as an entry-point to

understand and address rural development challenges. It focuses on management
systems within households, and include analysis of decision-making, resource
allocation, household consumption and time management in the context of food
security and economic development.

2. What is your understanding about family financial security?

Family Financial security refers to the peace of mind the family feel when they
aren't worried about their income being enough to cover their expenses. It also
means that they have enough money saved to cover emergencies and their future
financial goals.

3. Describe the nature of household resource management.

Household resource management is described as “the process of making

decisions about how to maximize the use of resources, such as land, water, labour,
capital, purchased inputs, inputs produced on-farm, cash, agricultural credit and
agricultural extension”. Work is

SACARE, M. L. 23
usually divided among households or household members. Household head is the
man or woman recognized as such by other household members. This person
makes the decisions and has the primary responsibility for managing household
matters.

Pre– Assessment

4. Why is it important to study household resource management?

Looking at households and analyzing intra-household dynamics helps us to gain a

better understanding of the gender roles and relations among household members
including resource management decisions, and common interests and conflicts of
interest in resource needs and allocation.

5. What are the different basic household resources?

Three most basic resources are land, labor and capital; other resources include
energy, entrepreneurship, information, expertise ,management and time. It can be
human resource or non-human resource. Household resources consist mainly of
the wages earned, income from property (interest, dividends, income from land,
etc.), of earnings from market production and social benefits.

6. What are the basic factors that contribute to effective home management?

1.Available Family resources-

-what the family possess and use in home - making activities in order to achieve
goal

2.Skills and Interest of Family Members-

-what family members special skill and what they are interested to do

3. Family Values and Goals

-What the family want to achieve
Let’s Think About This 1

1. What can you say about the activity?

SACARE, M. L. 24
(Answers may vary)

2. Based on the video, what is the most important aspect of management?

The most important aspect of management is getting office planning time or simply
planning your working time. This is very important because planning makes use
best of your time. It helps you understand what you can realistically achieve with
your time and make sure you have enough time for essential tasks. Also, it adds
contingency time for "the unexpected” and avoid taking on more than you can
handle. It makes you work steadily toward your personal and career goals and can
have enough time for family and friends, exercise and hobbies. Lastly, it helps you
achieve a good work-life balance.

3. What striking advise did you get from the speaker about household
management? Explain.
(Answers may vary)

4. The speaker mentioned about “meal planning”. Why do you think this is
important?
Meal planning helps to ensure you're eating a variety of different foods, and it can
help you eat more fruit and vegetables, which can help reduce the risk of chronic
lifestyle diseases. By following a healthy meal plan, it will also help ensure you're
eating the right foods in the right portions.

SACARE, M. L. 25
SACARE, M. L. 26
Let’s Check it Out 1

1. Briefly describe resources and management.

A resource is a source or supply from which a benefit is produced and that has
some utility. Resources can broadly be classified upon their availability — they are
classified into renewable and non-renewable resources.

Management is the manner of handling an institution- be it a firm, or farm or an

industry or a family.
2. Explain the difference of human resources and nonhuman resources in the
context of household resource management.
The resources which are made by Human with the help of inorganic matter or
natural things , these type of resources are called human resources, e.g. time,
knowledge, energy, skills, abilities. Whereas non-human resources are money,
house, material goods, community facilities.

3. How important planning and management? Explain.

This is very important because planning makes use best of your time. It helps you
understand what you can realistically achieve with your time and make sure you
have enough time for essential tasks. Also, it adds contingency time for "the
unexpected” and avoid taking on more than you can handle. It makes you work
steadily toward your personal and career goals and can have enough time for
family and friends, exercise and hobbies. Lastly, it helps you achieve a good work-
life balance.

4. How to achieve satisfaction?

SACARE, M. L. 27
 While using resources, we have to ensure that we utilize them in such a way that
we get maximum benefit from their use. This way we will be able to get
maximum satisfaction.
Exercise 1
Instructions: List all your own and your family members’ human resources. Also,
suggest two possible goals each that you and your family can achieve using these
resources.

(Answers may vary)

SACARE, M. L. 28
Let’s Check it Out 2
1. Explain in your words the essence of planning and management.
The planning process provides the information top management needs to make
effective decisions about how to allocate the resources in a way that will enable the
organization to reach its objectives. Productivity is maximized and resources are
not wasted on projects with little chance of success.

2. How do you manage things such as in school, home, relationship? (Answers

may vary)

3. Based on your own experience, how do you handle situations caused by failed
management?
(Answers may vary)

SACARE, M. L. 29
Exercise 2
Cite at least one struggle that you always experience in school and explain how
you manage to cope it up.
(Answers may vary)

SACARE, M. L. 30
Let’s Think About This 2
1. What is resource management?
Resource Management is the process in which individuals and families use what
they have to get what they want. It begins with thinking and planning and ends with
the evaluation of actions taken.

2. Explain the relationship between 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.
Through these choices, individuals and families define their lives and influence the
lives of others.

3. Why do you think it is very important for families to have these fundamental
principles?
Values drive our actions and they motivate your goals. Your goals help you
establish your priorities in life, guide your decision-making, and affect your
evaluation of your success and happiness in life. Take time to reflect what being
successful means to you. It will be different for you than for other people.

Let’s Check This Out 3

SACARE, M. L. 31
1. Explain in your words the essence of values, goals and decision making in
household resource management.
Values drive our actions and they motivate your goals. Your goals help you
establish your priorities in life, guide your decision-making, and affect your
evaluation of your success and happiness in life. Take time to reflect what being
successful means to you. It will be different for you than for other people.

2. How do you view and manage your choices?

When faced with such decisions, we can examine one option at a time or review all
our options together. For example, when deciding which job candidates to
interview, a hiring manager may evaluate one candidate’s résumé at a time, form
an opinion about it, and then move on to assess the next one. Alternatively, she
may lay out the résumés of all applicants on a table, evaluate and compare them,
and then decide whom to interview. Similarly, an investor may view the details of
one mutual fund at a time or visit a mutual fund comparison website. And a supply
chain manager may consider information of the suppliers individually or view them
together on a spreadsheet.

3. How does your family use resources?

(Answers may vary)

SACARE, M. L. 32
 Republic of the Philippines
Biliran Province State University
(formerly NAVAL STATE UNIVERSITY)
ISO 9001: 2015 CERTIFIED

Exercise 3
Make a concept map on household resource management.

Household Resource
Management

most important economic

Family units in society

resources need to be managed in order for fami

lies to survive

Resources Management

• Human Resources • Values

- time, knowledge, skills, abil- • Goals
ity, energy • Decision -making process

• Non-human Resources
- money
-house
-material goods
-community facilities

Families will always need resource management

to achieve satisfaction and happiness.

Satisfaction & Happiness

33 | P a g e M o d u l e i n H R M - B T L E D 3 A mlsacare2020
 Republic of the Philippines
Biliran Province State University
(formerly NAVAL STATE UNIVERSITY)
ISO 9001: 2015 CERTIFIED

34 | P a g e M o d u l e i n H R M - B T L E D 3 A mlsacare2020