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Time Management for Team Leaders, CEO's, and Top Managers

Microsoft CEO

 

Year by year, time management issues are attracting the attention of more and more top and mid-level managers. The reason for that is simple: Any knowledge-based business must highly value its specialists, whose time becomes the company’s most valuable resource. How to organize the use of that time most effectively for your company? How to make time management part of your corporate culture?

 


 

For your company to adopt a time management culture, it must take the following initial steps:

  • Both managers and employees must recognize the need to improve their personal efficiency;
  • Managers and employees must understand that time management techniques can help them improve their efficiency;
  • Time management tools must be introduced to everyone and implemented step-by-step as part of the business process.

 

Surely, steps two and three are interconnected and interdependent: It’s impossible to understand whether a technique can help you solve your time-shortage problem unless you try it. So I’ll tell you about some simple, handy tools that can almost immediately improve your time management issues.

Planning Your Workday. Before starting your workday, spend some 10 minutes on planning it. First, select so-called “rigid” tasks in your plan. These are the tasks that must be done at a predefined time (for example, meeting with someone). Make sure that consecutive rigid tasks are separated from each other by some time interval. Why? That’s because your partner or client may be late for your meeting, it may take longer than expected, and the delay may result in having to postpone other tasks; as a result, you might become nervous, and so on.

For the same reason, I recommend not to tie “flexible” tasks to a specific time but to enter them onto a separate list. Keep in mind that such tasks are optional or of low priority. It doesn’t matter whether you complete them at 10:00 a.m. or at 12:30 p.m. You can do such tasks when you don’t have any rigid tasks. Always prioritize flexible tasks, or you may miss more important ones. So list the tasks that you must do and select the high-priority ones, to start with.

Another important thing when planning your day is to “budget” time for major, time-consuming tasks. For example, you need two hours to prepare a report. As soon as you begin working on it, your colleagues start to distract you from doing it for more or less important reasons. As a result, it takes you 4 hours 30 minutes to complete the report! You may be surprised: “Why? I’ve spent only 4 times 15 minutes, or one hour in total, on other things. That means I was to complete my report in 3 hours! Sorry, such math doesn’t work here. You need to take into account not only the time you spend on other things, but also how long it takes you to get back to your normal working condition, which existed just before you were distracted. That’s why you should assign enough time to “budgeted” tasks, to be used for them exclusively. Don’t answer your phone, if that’s possible.

If you have a personal assistant, that would be rather easy. But what to do if you can’t fence off external distractions? Of course, you can switch on your answering machine and stay away from your phone, but it’s useless to start saying to everybody that you’re busy right now — simply because you “switched over” from your task to them anyway! There is an excellent technique, called “red flag,” for fighting such distractions. It has already become part of the corporate culture related to time management, which involves agreements between team members. Just arrange it with your colleagues that they shouldn’t bother you if they see a little red flag (postcard, badge, whatever) on your desk. Surely, the conditions of such limitation must be specified. For instance, you may be allowed to use your little red flag only once a day, and for only two hours. Simple and effective, isn’t it?

Let’s get back to planning your workday, shall we? The main principle says that you must plan the use of at most 60 to 70 percent of the available working time. Otherwise your schedule will be unfeasible simply because it leaves no time for unplanned work and emergencies. Keep in mind that it’s very important to provide for every contingency so that you can respond to anything calmly and effectively. That’s why you need to keep aside the remaining 30 to 40 percent of your time. If all your business processes are streamlined and you never face emergencies, great! Just spend your “saved” time on strategic tasks or personal development. For example, read professional journals or industry regulations.

Keeping Record of Your Work Hours. Perhaps you feel totally exhausted at the end of your workday (which may be about 10 p.m., or maybe even later). If that is the case and you don’t understand what you’ve spent your whole day on, try keeping record of your work hours. That is, start taking notes of what and when you’re doing. At the end of each day, analyze the results and reveal the distractions in your work, so-called “time consumers.” These are any things that consume more of your time than you’d like them to: telephone conversations, business meetings, email, and so on.

A typical technique of fighting time consumers is combining your work into blocks and allocating only a limited time for routine things. For example, spend one hour twice a day on reading emails and replying to them. For the rest of the day, just switch off your incoming email notification. Or make a “series” of phone calls. Or focus on preparing to a forthcoming business conference (a “budgeted” task). Make sure that no activities are duplicated. For that purpose, company meetings, business talks, and conferences must be attended by all key persons; and discussions and decisions must be minuted and followed up.

An important time reserve, which mustn’t be disregarded in view of today’s transportation issues, is waiting time. We are often spending our time in traffic jams, at the airport, at the railway station, and so on. Why not use that time for making phone calls, reading audio books, or recording your thoughts? For example, you can use a dictaphone to record your ideas, interesting solutions that you’ve noticed somewhere (such as an original advertising board or innovative office decoration), or assignments for your subordinates. When you get to your office desk, you can transfer your records to a Word document for a more convenient use.

Managing Your Work Load. Some bosses think that it’s good if their subordinates stay late at work. Such supervisors simply don’t understand that physical and mental fatigue tends to accumulate. It can result in low performance at work, or even in a disease. The Japanese have already learned that lesson in a hard way. They even coined a special term, “karoshi,” which literally means “overworked to death.” Let’s not repeat others’ grievous mistakes and allocate some time to relaxation.

Keep in mind that having a rest from time to time is a must. For instance, you can work for 55 minutes, and then relax for 5 minutes. During these 5 minutes, forget about your work and switch over to something else. If you were typing a report, get up from your chair, stretch your spine, walk up to the window, and do some eye exercises. It’s even more effective to “get out or the context.” For example, you can change your environment for 10 minutes by getting out of your office building and walking for half a mile.

The Most Important Thing Is to Start. Oftentimes, we put off the solution of a big, difficult problem that can’t be solved at one go. But it’s exactly this kind of problem that must be “invested” in if you want to be successful in your business, professional, or personal development! Developing a new communicative strategy, writing a thesis, or learning a foreign language are typical cases. Such a problem may be called an “elephant,” because it’s so huge that you can’t “eat” it all at once. How to make yourself start tackling this kind of problem? How to continue solving the problem and not to quit? The answer is simple — cut the “elephant” into “chewable” pieces! That is, break the problem down into smaller portions, which can be added to your daily schedule. For instance, if your “elephant” is to learn a foreign language, then your “steak” may be to talk for 15 minutes with a native speaker; if it’s to write a thesis, keep on writing one page a day. If you use this approach, you will see soon that your “elephant” is successfully getting smaller and smaller. If you need to write a dissertation, diploma thesis, or just an article, you may try using the “Swiss cheese” method instead: Do your project not in the logical order, but arbitrarily, starting from “eating away” the simplest and most delicious pieces here and there. That is, start writing your paper at any place, choosing the part that you already have a good idea about. After “diving” into your work, you’ll probably be surprised how easy it is to write one big part, then another, and finally complete your thesis or article!

Setting Goals. Time management is a technique that helps you use the most valuable, irreplaceable resource — time — more efficiently, achieve your personal goals, and realize yourself. Thus, time management gets the strategic and even philosophical meaning of managing your whole life. Obviously, our goals define our priorities, which, in their turn, influence our plans. So as time management techniques let us optimize the use of your time, people may ask themselves: Why do I need that? Why do I need to do more in less time? Why do I need to run faster, and where am I running to? At this point, the manager faces a very important problem of matching the company’s interests with each employee’s interests. If this problem is solved successfully, great: By achieving their personal goals, employees will ensure the achievement of the company’s goals. And vice versa, as the company achieves its goals, better conditions can be created to help the employees realize themselves and follow their own business interests.

When talking about goals, it’s good to take a look at your life from the viewpoint of your key areas. These areas are your job, family, health, recreation, hobbies, friends, and so on. Take a piece of cardboard paper and write down your goals for the next year with regard to each key area. Try to make these goals as specific as possible, and be sure to set deadlines for achieving each of them. Put that piece of paper into your diary or into your desk drawer that you open every day so that it reminds you about your strategic goals and helps you not to get lost in daily routine. Keep in mind that achieving each goal takes time!

 

See also: Project Tracking Software.

 

 

 

 

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