Principles Of Resource-Advantage Theory

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1. What are the main principles in Resource-Advantage Theory? How do they apply to individual and family resource management? The main principles in Resource-Advantage Theory are entrepreneurship and leveraging. They apply to individual and family resource management because an entrepreneur takes advantages of opportunities in order to manage and run a successful business. This is the same for an individual or family, they will use an opportunity to create more opportunities for themselves or their community. Leveraging is doing more with less, which everyone tries to do, for example if a family goes shopping, they use coupons and end up paying less for a large amount of food. Everyone is going to utilize all the resources they have so they…show more content…
What is the Peter Principle? How is it related to decision making? The Peter Principle is a phenomenon that describes why people are indecisive in particular situations. The principle explains how once individuals reach a level exceeding their competence, they tend to have a difficult time making decisions. Furthermore, the principle relates to decision making because it gives a clear explanation for indecisive behavior and why people struggle to make decisions. 5. What is the difference between decision making and problem solving? Describe a problem you are trying to solve. The difference between decision making and problem solving is that decision making is the process of making a choice between multiple alternatives. On the other hand, problem solving is making multiple decisions to reach a resolution to a problem. There is more at risk when it comes to problem solving, it takes more time to solve a problem due to its complexity. Currently I am trying to solve a problem relating to my new film. My cinematographer got some broll of their house and the editor made it into a time lapse to show time has passed between one scene to another. However, the time lapse does not imply time has changed. Now I must figure out how to utilize the coverage to enhance the narrative. Do I take it out completely or do I have the cinematographer shoot again and postpone the film? I am working closely with the producer and editor to solve this issue, we just want the film to look…show more content…
What is the difference between proactive and reactive styles? Give an example of each in your own life. The difference between proactive and reactive styles is that a proactive style means the individual takes responsibility for their own lives and actions to make things happen. On the other hand, a reactive style means an individual is affected by outside factors they cannot control that affects them and their behavior. I am very proactive when it comes to keeping my space clean and tidy. I do not let anything stop me from having a clean space. I tend to be reactive when I go back home and my mother asks me to clean the house, but I get upset because she does not make my other three siblings help. 4. At the end of Clint Eastwood’s Dirty Harry moive, the main character says, a man’s gotta know his limitations.” What are the limitations to multitasking (or are there any)? There are many limitations to multitasking like: switching from task to task can slow down a person’s motivation to complete each task. Furthermore, multitasking can cause the brain to crash due to the constant
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