Time management in the business world – research paper outline Kaynnera T. Capers
Time Management in the Business World
It is true that the majority of the time, people learn to manage their time the proverbial hard way (i.e. working late at night, trial and error, barely meeting deadlines, etc.). The definition of time management can be stated to be the process of both controlling and understanding the time spent on a variety of activities. Time management is by and large affected by a variety of certain methods, techniques that are utilized to accomplish the goals, objectives and tasks at a company within a particular time frame. Time management has typically been discussed in business sectors, however, throughout the years; there have been an incorporation of personal activities within the topic. Literature has noted that how one manages their time is a fundamental question that should be inquired upon within the business management arena. The subject of what is time has also been expressed in the business area in order to get individuals to better understand how to utilize it more effectively and more efficiently. The definition of effectiveness is being able to accomplish a given project in a prudent manner; while efficiency operates on ensuring that the tasks associated with the given project run as smoothly as they possibly can (Adair and Allen, 2003; Covey, 2004; Saunders et al., 2004). Ritter (1989), Irons (2003) and Schwartz and McCarthy (2007) ruminate that the core issue surrounding time management is that time is a resource that is restricted and that employees have to have energy for a business to run successfully. Schwartz and McCarthy (2007) took a step further by stating that the behaviors and rituals associated with employees at companies have a direct effect on that company's revenue and reputation in addition to the factors of performance and productivity. Hence, time management becomes an even more precise concept to both analyze and examine in order that businesses function to the best of their ability (Jex and Elacqua, 1999). Time management is a “balancing act” (Friemann, 2000). Employees and staff at certain companies and corporations have problems with time management mostly as a consequence of not learning how to manage their time prior to entering into the career world (Chase, 2003; Gamauf, 2012), personal and/or workplace stressors (Adebisi, 2013) and a lack of discipline (Viswanathan and Olsen, 1992; Kay, 2011; Mancini, 2003). To combat the issue of time management, certain journal articles have posited that management needs to implement certain types of strategies that help employees, managers and staff manage time well within certain projects and tasks that they are given (Anonymous, 2009; Chesbrough and Appleyard, 2007; Oshagbemi, 1995; Oncken and Wass, 1999; Nagra, 2011). There is reason to believe that certain strategies along the lines of goal setting (Irons, 2003), Pareto analysis; and quadrant goal implementation also referred to as the Eisenhower Method (Adair and Allen, 2003; Mancini, 2003; Thatcher, 2006), as well the my time or yours strategy noted in (Saunders et al., 2004), which outlined the importance of time management for companies and corporations that operate on both virtual teams and what would be perceived as the typical 9-5 work routine. Certain literature has even posited that certain strategies work better at particular times of the year (Bingham et al., 2011). What essentially then is the best practice associated with time management? How can companies and corporations ensure that their staff is managing time to the best of their ability so that they run smoothly?
Statement of the Problem
Time management is a problem. Many companies and corporations often suffer at the hands of goals and projects not being completed on time. This results in cutbacks, frustrated employees and workers who are not being recognized accordingly...
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