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Time Management | Research & Encyclopedia Articles

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Time management Summary

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Time Management

Time is probably the most valuable asset available to people and organizations. Understanding how to manage one's time can contribute mightily to the success of personal and professional lives. However, as with any other asset, it may be wasted if it's not valued.

Unfortunately, it is human nature to waste time. It is true that some people naturally have good time-management skills, having developed good techniques for managing themselves and their time. But others have developed poor habits related to time. Needless to say, most people do not like to proclaim or admit these kinds of weaknesses.

Wasted time cannot be replaced. With increasing demands both in the workplace and at home, a great need exists for time to become more respected, valued, and balanced.

Definition of Time Management

Time management may be defined as the discovery and application of the most efficient method(s) of completing assignments of any length in the optimum time and with the highest quality.

This definition of time management has widespread applications:

  • It applies to the entire spectrum of activities ranging from (1) simple "do-it-this-morning tasks" assigned by individuals to themselves or to others (e.g., prepare several short letters) to(2) large projects developed for a large organization by many people with completion contemplated to take a long period of time (e.g., write a book or open a new branch office).
  • It

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Time Management from Encyclopedia of Business and Finance. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.

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