Introduction And Trends Of Organizational Time Management

I. Key Issues A. Article Introduction and Trends in Organizational Time Management The Harvard Business Review article, â€Å"Your Scarcest Resource,† addresses the modern phenomenon of the lack of control implementation for managing organizational time. Communication channels including phone calls, meetings, and emails inefficiently exhaust a company’s scarce time, due to a lack of effective management, and ultimately deplete the time they could focus on their customers. Also, decision-making and innovation slackens and this severely impairs the company’s financial health. Although scheduling technologies such as Microsoft Outlook and iCal are employed, the authorization of meetings lacking clear agendas wastes valuable time. Bain Company†¦show more content†¦Third, companies should demand business rationale supportive of all new projects, forcing employees to explain the specific financial value the project could provide to the company and its total cost. Fourth, companies should simplify their organizational structure to encompass fewer layers that will encourage more efficient information flow. Fifth, low-level employees should not be permitted to schedule meetings and their factors in order to preclude the frequent scheduling of discussions that lack clear objectives. Sixth, companies should standardize their decision process to more clearly define who is accountable for vital company decisions. Seventh, companies should establish an organizational culture, promoting time discipline involving factors to include prior preparation for meetings and clear agendas. Finally, organizations should examine factors of employee and executive productivity and provide feedback addressing where time is spent. II. Analysis The article identified the importance of managing a company’s scarce time, as companies typically have controls for managing their capital but are absent of time management controls. Almost 50 percent of executives report that they are not allocating enough time on their strategic objectives, which is concerning (Bevins Smet, 2013). One of the primary controls for managing time