Why Time management is so crucial for your organization?

It is very well said that time and tide waits for none. Most of the organizations are seen stuck in a situation where they constantly struggle to find enough time to accomplish all that is important. Ask any manager and it will be a common pain area. Have you ever asked yourself how much of your typical work week is spend stressing about not having enough time to complete a task or reach a goal? Regardless of whether you assign a value to your time or not, it is priceless.

Great time management skill is one of the most important skills to have when it comes to running your own business or leading a team of people. One late delivery and a client may decide to go with another company. In fact time management is crucial for every aspect of your life. That’s because no matter how you plan to slice it, you only have 24 hours a day.

Successful leaders relentlessly strive to establish culture of “no time wasted” in their organization. They involve management, employees and anyone related with the business to ensure time is used to its fullest. Because they know if they have to rise through the ranks, they need to find ways to manage their limited time.

Efficient time management is a skill and when you learn to control your time, you greatly improve your ability to focus. Interestingly with increased focus comes enhanced efficiency and you don’t lose momentum.

Here are some of the importances of managing your time efficiently:

Helps in prioritizing – Efficient time management helps in prioritizing what is more important. The key is to put down list of things that needs to be tackled to assess what should be done first. Glancing through the list gives a good clue of what is more important and time sensitive so you can set out to do those first.

Achieve more in less time – Time management helps to get more done in less time. For example when you plan your time, you have a clear visibility of the amount of work that needs to be tackled and accordingly you get the opportunity to put into context that amount of time you need.

Improved quality of work – Efficient management of time is akin to making wise investment since time is a very precious and limited resource. The knowledge of what should be worked first, when and for how long, helps in keeping focused. Focusing on work ensures more quality work.

Helps in balancing act – Ever heard people complaining about that they don’t have any work life balance. The reason is that they don’t know how to manage their time. One of the benefits of time management is that it puts things into context for you.

Sometimes what you don’t do is just as important as what you do. Efficient time management is a skill that can be mastered. It is an art and a science to identify important from not-so-important and urgent from not-so-urgent. Successful leaders know how to priorities their day based on this principle and that’s what sets them apart from the lot.

(Taken from The Prosperous Leader)