Resources

Management, in a very simple way, is defined as, ‘using what you have to get what you want? Here, ‘what you have’ means the resources at your disposal and ‘what you want’ means your aim or goal individual goal or family goal. The term ‘resources have been referred to many times throughout this textbook. Mention has been made of their use and allocation as well as their availability. The term resources can be viewed in several different contexts. The retail merchant may well list his or her resources as being the store inventory, sales personnel, building structures, financial status and consumers. The manufacturer might also include such things as the raw materials and production equipment. When this term is used herein resources refers to those tangible and intangible components you use to achieve your goals, objectives, and to meet demands. Resources vary for individuals, communities, states, and nations. Each has different ones. The degree to which each occurs and each one’s availability also differs.

Management is also defined as, ‘making use of available resources in order to achieve your goals. eg. if the goal of a student is to get a degree in Home-Science, the resources at her disposal are money, time, interest’ ability, use of liberty, books etc. She will be making best use of these resources, in order to achieve the goal of getting degree in Home-Science. When the goal of the student is to write a term paper how she will go about achieving this goal? What resources will be used? She will be using the resources which would probably include the books, periodicals and paper, pens etc and also her writing skills. Many are not aware of these resources.

Resources can be classified according to their source of origin. Deacon and Firebaugh use the classification of human and material. Gross, Crandall and knoll use two classifications: human and non-human and economic and non-economic. The classification of human and non-human, in most cases, is almost synonymous with human and material.

Human and material resources in a method of classifying by point of origin. Deacon and Fire bough define material resources as those tangibles which belong to you, are available for your use. They further define human resources as your less tangible personal characteristics and attributes. It is clear that the human resources are intangible or invisible. Using there definitions, human resources are those which originate internally and exist because of the person you have become. Any other resources available for your use are classified as being material ones.

Non – human or material are tangible in form and can readily be determined. These resources consist of your personal and family possessions such as cars, homes, financial status etc. This broad definition also encompasses those resources available to you with in your community, state and nation such as agencies, people recreational facilities an parks.

Less easily identifiable are your human resources. These comprise such tangibles as your hobbies, interests, skill, personality traits, abilities and other aspects of your individuality.

This method of classification affords you the opportunity to put into two grouping those resources available for your use. It is the simplest method of classification. Using it you can readily identify those resources which originate internally and those which do so externally. This method of classification often aids in identifying additional resources which might not have been previously considered. For instance, have you ever thought of your city parts and recreational facilities as potential resources ?

Definition of Resources:-

‘Resources’ is a widely used term which is seldom defined précised. Moloch and Deacon (1966, p.32) define resources as means which are available and recognized for their potential in meeting demands. They further define means as those things which have “want satisfying power” and which are instrumental in the reaching of desired ends. Gross, Crandall and knoll (1980, p.103) accepted definition that resources are available means for reaching goals and meeting demands.

According to the author,’ a resource means anything which is used for the attainment of goal. eg Time, energy, money,etc. Speaking of natural resources. Barnett and Morse (1973 p. 11-12) noted that Nature imposes particular scarcities rather than an inescapable general scarcity, and that man is therefore able and free to choose among an indefinitely large number of alternatives. They add that it is the criteria of choice and the effectiveness of man’s decision making procedures that will determine shape of total welfare over time. The development of the criteria for choice may be very difficult. Making use of abundance where it exists, families can give more attention than in the past to goals concerned with beauty, culture, learning, improved inter personal relations, and meaningful consumption.

Resource is also defined as, a person, asset, material, or capital which can be used to accomplish a goal.

Name of Resource

Example

Time

a minute, an hour, a day, a week. a month, a year, whole life speak.

Energy

energy required for doing any type of work, physical, mantel etc.

Interest

in your own work, studies, job, activity, learning etc.

Skill

in doing any task, skillful work etc.

Knowledge

of your subject, knowledge required for particular thing/job/work or everything around.

Ability

in doing any particular thing.

Attitude

a way of thing or feeling about some one, something nature.

Aptitude

a natural ability or tendency of doing certain things skillfully.

Capability

having the necessary ability or quality to do so, ability to achieve whatever one has to do.

 

(Tangible/visible Resources)

 

Money

cash, in the form of wages, salary, yearly income, saving, investment etc.

Material goods


in the form of Assets
*food grains,*clothing,*furniture Furnishing
Rugs, carpets & everything available in our house.
*- car, scooter, cycle etc.
*- house, farm house, flat, plot, farm etc

Community facilities

educational, Recreations health facilities etc.

 

Classification of Community Facilities

 

Educational Facilities

Tuition class, coaching class, schools, colleges, training centers, Academy, Tutorials, computer institute, typing institutes, etc.

Recreational Facilities

garden, park, drama theatre, picture hall, musical concerts, Reading room, Libraries Internet,

 

Characteristics of Resources

 

Resources , Human as well as Nonhuman, possess certain characteristics which are as follows.

1. USEFULNESS:-

Usefulness is one of the most important characteristics of all the resources .All resources are useful. e.g. Money is non-human resource or material Resource which has been used in fulfilling each and every want or need of the family .It is a medium of exchange Money and certain collateral fringe benefits now widely granted to wage earners and people on salary . In a predominantly exchange economy money is a pivotal resource because it is exchanged for communities , services and mechanical power used by every family or individual . Human resources like skill , knowledge etc. are very important .Many times we are not aware of these resources. This group of resources is very important to the family , for not only are they the means of accomplishing desired ends , but in using them well the group acts together in such a way that common goals seem more real and attainable and the quality of interpersonal relations can be lifted. One can easily underestimate or not be aware of these significant resources. Non-human resources used in family are tangible , more easily recognized , and some are ardently sought after .Goods durable and perishable property and other investments owned by the family make up a large part of the non-human resources and play an important role in the management process .Community facilities such as parks , roads , schools , certain kinds of transportation , libraries are many other services such as police protection , markets , medical and health facilities , free musical concerts and other entertainment are also very important and useful.

2. LIMITEDNESS :-

Resources are limited . Time has the unique characteristic of being the one resource constant in amount for all. It’s limited supply , stems from the wide variation from person to person and from family to family in activity patterns carried on in a given period. Limitedness of Resource is of two types ; namely Qualitative and Quantitative. Human Resources are Qualitatively limited where as Non-human resources are Quantitatively limited . Different resources vary in their limitations and in accuracy with which these differences can be measured .Time is the most completely limited resource , qualitatively speaking, since no day can contain more than 24 hours , nor can any of these hours be ‘saved’. Limit is same for everyone, although the demands upon it differ among individuals.

Energy too , is a limited resource, differing from time in that the amount of energy available varies greatly from person to person. After doing any type of physical or mental work we feel exhausted or tired. After continuing the same work with some rest period we feel energetic to complete that particular work , in a given period of time. While performing any task , various kinds of efforts are used e.g. mental , visual , manual , pedal , torsal effort etc.

Non human resources are limited . Money is one of the limited resources and is difficult to manage things without money. Material goods – foodgrains , vegetables , other things which we consume are costly and that is reason we use it carefully.

3) All resources are inter-related. Inter-relatedness of resources is one of the important characteristics of resources .Human as well as human as well as non human resources are inter-related. The use of one resource depends on the use of other another resource. It is difficult to attain your goal in absence of one ,two or combination of resources. E.g. if you wish to attend a embroidery class , the things you require are combination of resources i.e money for tuition ,material ,extra time and energy ,skill in embroidery, knowledge of colour combination ,and different types of stitches etc.interest in embroidery ,Thus it can be very well said that there is inter-relationship among all resources .Decisions in family living deal not only with the use of individual resources but with their inter-relationships.In management , the total picture of resources is no doubt more important than the use of any specific one.It is the sum total of resources available for reaching a particular goal.

4) Managerial process applicable to all resources

Resources are used to achieve goals by applying to them the managerial process. Managerial process involves three steps planning ,controlling-implementation ,and evaluation-evaluative feedback .This process is applicable to human resources like time , energy , and non-human resources such as money , material goods etc.

5) Quality of life is determined by the use of resources Probably the most important similarity in the use of all resources is that the entire fabric of life is determined by them , whether or not one is conscious of this overall result. Certainly if a person is to be judged by others on the basis of his management of resources , their use should be carefully and thoughtfully determined.

The distribution of resources determines the degree to which a family is actually striving toward a particular goal.It is easy to illustrate the use of resources in achieving certain goals such as maintaining a comfortable home , having a well-fed family or being being suitably clothed for a variety of situations . Time , money energy and knowledge are necessary to fulfill these goals.An individual may verbally claim that the attainment of a particular goal is important to him , but only by the allocation of necessary economic resources to that that goal can prove his sincerity. Their use of resources determines the kind of life has for no goal can be achieved without the employment of resources.

Characteristics of Resources Resources , Human as well as Nonhuman, possess certain characteristics which are as follows.

1. USEFULNESS:-

Usefulness is one of the most important characteristics of all the resources .All resources are useful. e.g. Money is non-human resource or material Resource which has been used in fulfilling each and every want or need of the family .It is a medium of exchange Money and certain collateral fringe benefits now widely granted to wage earners and people on salary . In a predominantly exchange economy money is a pivotal resource because it is exchanged for communities , services and mechanical power used by every family or individual . Human resources like skill , knowledge etc. are very important .Many times we are not aware of these resources. This group of resources is very important to the family , for not only are they the means of accomplishing desired ends , but in using them well the group acts together in such a way that common goals seem more real and attainable and the quality of interpersonal relations can be lifted. One can easily underestimate or not be aware of these significant resources. Non-human resources used in family are tangible , more easily recognized , and some are ardently sought after .Goods durable and perishable property and other investments owned by the family make up a large part of the non-human resources and play an important role in the management process .Community facilities such as parks , roads , schools , certain kinds of transportation , libraries are many other services such as police protection , markets , medical and health facilities , free musical concerts and other entertainment are also very important and useful.

2. LIMITEDNESS :-

Resources are limited . Time has the unique characteristic of being the one resource constant in amount for all. It’s limited supply , stems from the wide variation from person to person and from family to family in activity patterns carried on in a given period. Limitedness of Resource is of two types ; namely Qualitative and Quantitative. Human Resources are Qualitatively limited where as Non-human resources are Quantitatively limited . Different resources vary in their limitations and in accuracy with which these differences can be measured .Time is the most completely limited resource , qualitatively speaking, since no day can contain more than 24 hours , nor can any of these hours be ‘saved’. Limit is same for everyone, although the demands upon it differ among individuals.

Energy too , is a limited resource, differing from time in that the amount of energy available varies greatly from person to person. After doing any type of physical or mental work we feel exhausted or tired. After continuing the same work with some rest period we feel energetic to complete that particular work , in a given period of time. While performing any task , various kinds of efforts are used e.g. mental , visual , manual , pedal , torsal effort etc.

Non human resources are limited . Money is one of the limited resources and is difficult to manage things without money. Material goods – foodgrains , vegetables , other things which we consume are costly and that is reason we use it carefully.

3) All resources are inter-related. Inter-relatedness of resources is one of the important characteristics of resources .Human as well as human as well as non human resources are inter-related. The use of one resource depends on the use of other another resource. It is difficult to attain your goal in absence of one ,two or combination of resources. E.g. if you wish to attend a embroidery class , the things you require are combination of resources i.e money for tuition ,material ,extra time and energy ,skill in embroidery, knowledge of colour combination ,and different types of stitches etc.interest in embroidery ,Thus it can be very well said that there is inter-relationship among all resources .Decisions in family living deal not only with the use of individual resources but with their inter-relationships.In management , the total picture of resources is no doubt more important than the use of any specific one.It is the sum total of resources available for reaching a particular goal.

4) Managerial process applicable to all resources

Resources are used to achieve goals by applying to them the managerial process. Managerial process involves three steps ; planning ,controlling-implementation ,and evaluation-evaluative feedback .This process is applicable to human resources like time , energy , and non-human resources such as money , material goods etc.

5) Quality of life is determined by the use of resources Probably the most important similarity in the use of all resources is that the entire fabric of life is determined by them , whether or not one is conscious of this overall result. Certainly if a person is to be judged by others on the basis of his management of resources , their use should be carefully and thoughtfully determined.

The distribution of resources determines the degree to which a family is actually striving toward a particular goal.It is easy to illustrate the use of resources in achieving certain goals such as maintaining a comfortable home , having a well-fed family or being being suitably clothed for a variety of situations . Time , money energy and knowledge are necessary to fulfill these goals.An individual may verbally claim that the attainment of a particular goal is important to him , but only by the allocation of necessary economic resources to that that goal can prove his sincerity. Their use of resources determines the kind of life has for no goal can be achieved without the employment of resources.