BOOK SYNOPSIS "Action Management for your Country" (Australia) (about the Author: Dr John Troughton) The Management Practice develops unique methods aimed at improving the management of individual Australian households. The Practice is also continuing its exploration of the "national view of the management of the economy" as the world switches from the pre 2000 era, dominated by physical, chemical, biological and some social development, to the current era where it is increasingly dominated by; the individual, institutions, space, sustainability and the economic triangle. The Management Practice set an objective to devise management methods for households, as it has done for business, but quickly found that this was difficult to do. So, although there was endless statistical data on households, this data was not in one place and often was not directly comparable because of different definitions or the form of the data.

The initial documented research results prepared by The Management Practice in this book cover the more direct economic data that was more reliable because it did not require interpretation. This covered Household income and expenditure, tax, employment, wealth, investment, superannuation, social and demographic trends. The results were revealing in that not only were these outcomes a reflection of the "actions" taken by the household but also the consequence of "actions" taken by the governments.

At the household level the research revealed that there was a lack of appreciation of the assets that had to be integrated and managed for household success. Five asset classes were finally recognised and differentiated because they have to managed differently; biological, intellectual, financial, physical and relational. For the household as a whole there has to be a plan for each of these assets separately, that addresses the acquisition, protection, maintenance, development and disposal of the asset.
The research further revealed that account had to be taken of the resource limitations of time, relationships and finance in addressing the five key actions that were recognised as: Maintain the Assets, Share the Assets, Assure the Income, Spend Wisely and Invest Wisely and Early.