How effective can you be as a leader, if you don’t spend your time wisely? Although technology makes it possible to be connected 24/7, there are consequences for being an online junkie and for companies demanding that there best performers be available 24/7. Competent people need time to think, to be creative, to process issues with others who offer "outside of the box" remedies that eventually solve complex problems. Organizations can threaten company-wide performance by not seeing time management as a cultural priority.
In their January 2013 article for McKinsey Quarterly, Frankki Bevins and Aaron De Smet argue that companies need to stop wasting a finite resource (TIME) and tackle time problems systematically. They point out that, "the growing complexity of global organizations and the pressures imposed by profound economic uncertainty have all added to a feeling among executives that there are simply not enough hours in the day to get things done." Bevins and De Smet offer several solutions that companies can take to address this situation, including "culture".
After all, American and corporate culture admire the "workaholic" and consider it a red badge of courage to pull all-nighters to meet a deadline. Many companies don’t even provide paid vacation, sick leave, etc. and, in the ones that do, few top performers take sufficient time off to recharge. But, eventually, there are consequences to the organization in poor decision-making, burnout, and attrition. So we ask, "What is workaholism and poor time management costing your company in the long run?" The cost might surprise you.
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