Effective Time Management - Manage Time Like A Pro

Effective time management is crucial to effective business leadership and business success. Want to stay competitive? Manage time effectively.

What is effective time management?

Time management is said to be effective when the goals of the organization are achieved within the stated time frame.

For example, suppose the organization is developing a new product that they intend to launch into the market in April 2009. Assume that preparations and planning for the events started early enough, say, by February 2008.

Suppose all of these tasks were allocated a time frame or time slots. Suppose too that a master schedule showing the time lines for all the tasks/activities in the project was developed and published to all parties involved. Suppose also that accountabilities for each task in the process was assigned to the respective employees responsible for their execution.

The project - that is the new product launch - will be successful if each member of the project team delivers his part of the project on time according to the published schedule.

Failure to deliver on time in this case can lead to postponement of the new product launch date by several weeks or several months. And that can hurt the profitability of your organization for the year. And believe me, your boss will not be smiling at you when he tells you the bad news especially if the entire project was delayed because you failed to do your bit well or on time.

Bottom line.

Effective time management is essential to moving up the corporate ladder and staying on top as a productive and result-oriented leader.

In summary, good leadership means effective time management.

The truth is . . . leadership is tough work.

The leader has hundreds of competing activities begging for his attention.