Question 1

Discuss the similarities and differences between family resource management and business management.

Accepted Answer

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Question 2

Compare and contrast the Rational Model, the Bureaucratic Model, the Political Model, and the 5-step Decision-Making Model. Why is the 5-step Decision-Making Model more suitable for family decision-making?

Accepted Answer

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Question 3

Discuss the historical, cultural, and environmental contextual factors that influence families. Use examples from your own family to illustrate these influences and how they change the way your family thinks or behaves.

Accepted Answer

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Question 4

Identify and discuss the five basic orientations in worldview. As an illustration, include your own personal views/values for each orientation.

Accepted Answer

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Quiz 1: The Complexity of Managing Family Resources

Discuss the similarities and differences between family resource management and business management.

Compare and contrast the Rational Model, the Bureaucratic Model, the Political Model, and the 5-step Decision-Making Model. Why is the 5-step Decision-Making Model more suitable for family decision-making?

Discuss the historical, cultural, and environmental contextual factors that influence families. Use examples from your own family to illustrate these influences and how they change the way your family thinks or behaves.

Identify and discuss the five basic orientations in worldview. As an illustration, include your own personal views/values for each orientation.