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Motivational Quotations to inspire and build the positive attitudes in our everyday lifestyles. Nothing is more precious than having a positive mind with positive outlook. So, download all the quotes. Complimentary and design by Wan Rosnah!

Tuesday, 16 January, 2018

 

Learning & Improvement

 

 

The Effective Executive - Know Thy Time- Peter Drucker (page 26-27)

According to Peter Drucker, in his observation, the effective executive do not start with their tasks. They start with their time. And they do not start out with planning. They start by finding out where their time actually goes. Then they attempt to manage their time and to cut back unproductive demands on their time. Finally they consolidate their 'discretionary' time into the largest possible continuing units.  The tree step process:

  • recording time
  • managing time and
  • consolidating time

Effective executive know that time is a limiting factor. The output limits of any process are set by the scarcest resource. In the process we call ' accomplishment', this is time.

Time is also a unique resource. Money is actually quite plentiful. We long ago should have learned that it is the demand for capital, rather that the supply thereof, which sets the limit to economic growth and activity. People-the limiting resources one can hire, though one can rarely hire enough good people. But one cannot rent, hire, buy, or otherwise obtain more time.

The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it and no marginal utility curve for it. Moreover, time is totally perishable and cannot be stored. Yesterday time is gone for ever and will never come back. Time is  there fore, always in exceedingly short supply.

Time is totally irreplaceable. Within limits we can substitute one resource for another, copper for aluminum, for instance. We can substitute capital for human labour. We can use more knowledge or more brawn. but there is no substitute for time.

Everything  requires time. It is one truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resources. Nothing else perhaps, distinguishes effective executives s much as their tender loving care of time.

Man is ill-equipped to manage his time.

Though man, like all living beings, has a 'biological clock', as anyone discovers who crosses the Atlantic by jet- he lacks, as psychological experiments have shown, a reliable time sense. People kept in a room in which they cannot see light and darkness outside rapidly lose all sense of time. Even in total darkness, most people retain their sense of space. But even with the lights on, a few hours in a sealed room make most people incapable of estimating how much time has elapsed. They are as likely grossly to underrate the time spent in the room as grossly to overrate it.

 

 
 
 
 
 
     
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