Time Management: Key to Organizational Success - Essay Sample

Introduction

The success of most organizations is often traced to their effective time management (Upadhaya et al., 2014). Undeniably, most businesses are established to achieve certain goals and objectives, and organization management always plays a critical role in ensuring adequate allocation of resources and time to achieve the desired results. The primary goal of every organization is to operate profitably in the ever-increasing competitive business environment. Therefore, management of time often is integral in ensuring that the organization is set in the path of progress. Some organizations always pay less attention to the issue of time despite their effort to achieve the purpose for which they were established. Successful time management often hinges on effective planning and reconditioning of the environment to ensure that the set goals and objectives are achieved (Griffin, 2013). Considering the importance of time in the execution of various activities within an organization, developing an insight into the effectiveness of time management to guarantee organizational survival is vital for overall high performance. Further, the topic is critical in helping organizations learn better ways of managing their time and aligning their employees to achieve their purpose.

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The Context of the Problem

Time is often an essential resource that organization managers should effectively use in achieving the set organizational goals and objectives. Managers who always fail to adequately use the available time in conducting various activities may bring adverse effects to the organization. Evidence has revealed that they have developed effective time management, which often fulfills the purpose for which they have been created (Leftheriotis & Giannakos, 2014). Businesses often strive to get maximum profit. This can be achieved if administrators have instituted an effective time management plan that guides every operation in the organization. Notably, time is a unique resource that cannot be stored or leased. Therefore organization managers should always be at the forefront in developing policies that will inevitably help in the effective management of time. Moreover, the contemporary business environment is punctuated with increased competition (Appelbaum, 2013). In light of this, therefore, organization management should ensure that all activities are promptly undertaken to guarantee the achievement of the set purpose of the business. The setting of the organization's goals often facilitates the achievement of better time management as employees will be made to focus on meeting such goals.

Effective time management is a problem in most organizations as survival in the contemporary business environment is hinged on accomplishing assigned tasks within the deadlines. Also, organizations within the corporate sector are always faced with the issue of effective time management, which can potentially result in low performance when poorly managed. Notably, the problem often affects the organization’s place in the competitive business environment and disrupts employees’ career progress.

Further, effective time management often helps in identifying the underlying needs in the organization and allocating time and other resources based on their established importance and more, especially in guaranteeing the much-needed survival in the business environment. Studies have revealed that high productivity within an organization is often attributed to effective time management due to the orderliness that it creates (Griffin, 2013). More significantly, organization management is always bestowed with the responsibility of guiding the business into a success, and they still require time as a tool to enhance the performance of the organization. Worth noting is that the organization's performance is always gauged by its ability to achieve the set goals and objectives at relatively low cost and with improved efficiency. It should be noted that most organizations often face the challenge of ensuring effective time management, which always results in poor performance in terms of profitability. High performance in an organization is often premised on efficiency, effectiveness, and monetary costs (Appelbaum, 2013). Therefore, organization management is often required to ensure proper allocation and management of resources and align employees with prioritizing activities based on their importance to the organization's general progress.

Understandably, the issue of time management often bedevils most organizations. Establishing the amount of time needed to complete a task is essential as it will guide the operations within the organization (Benn et al., 2014). Equally important, organizations often need to determine when a particular task will be completed and adjust certain events that are more likely to interfere with achieving the desired results at an appropriate time. Effective time management often helps organizations in reinforcing practices and principles that guide different operations. Undoubtedly, employees are often regarded as the cog on which the wheels of an organization rotate, and therefore promoting effective time management will help improve their productivity (Leftheriotis & Giannakos, 2014). Organizations that ensure that they establish structures that promote effective time management often eliminate unnecessary tasks and activities hence making employees focus on issues that matter to the business. Evidence has revealed that organizations that have developed policies that enhance time management often have high chances of survival in the corporate sector (Appelbaum, 2013). The reason is hinged on the fact that employees are made to concentrate on tasks that bring high productivity to the organization.

Time management is hinged on two components, that is, practice and purpose. The component of practice encompasses what the people within an organization do with the available time. Regarding the component of purpose, employees reflect and gain a deeper meaning of their purpose in life (Eccles et al., 2014). Combining the two components often helps create an environment that promotes high performance within the organization. Still, the components of practice and purpose always enable employees to accomplish their assigned activities more effectively, thus allowing the achievement of the set goals and objectives. Studies have shown that organizations often face the challenge of instituting effective time management, and this may make them fall short of achieving the much-needed optimal results that can help in sustaining the business (Upadhaya et al., 2014). Most successful organizations often have a history of accomplishing their tasks within the stipulated time and more effectively. The contemporary corporate environment is highly punctuated with increased competition. Organizations that have adopted effective time management and motivating employees to complete their activities within the planned time always register increased production hence edging other competitors in the business environment (Benn et al., 2014). More importantly, organizations that have made their employees understand the unique value of time often creates an environment that encourages employees to enjoy their activities while working to achieve the purpose of the business.

Also, organizations within the corporate sector often seek to gain more market share that is largely possible when the tasks are accomplished within the stipulated time. The creation of deadlines helps an organization to effectively plan time slots and marshaling the available human resource to work towards the achievement of the set organizational goals and objectives (Alexander et al., 2015). The problem that often bedevils most organizations is hinged on their inability to make their employees focus on a few important and urgent tasks that may increase productivity. By focusing on important tasks within an organization, employees are not overburdened, limiting their frustration and disinterest in work that may ultimately result in low productivity. Furthermore, most studies have established that effective time management often helps reinforce the relationship between organization management and employees (Griffin, 2013). More fundamentally, achieving tasks within the planned time often help in cultivating a good relationship between the business and customers, hence leading to higher profitability. Additionally, having a collective goal is critical in every organization. Therefore, employees who share a common goal with their colleagues always have higher chances of forging a close working relationship, hence leading to the timely accomplishment of the assigned tasks.

Managing time well is instrumental in making employees plan their career path. Organizations, to a greater extent, depend on their employees to achieve the desired results. Accomplishing tasks at the right time will enable employees to reach their career goals and, consequently, make them more productive (Appelbaum, 2013). On the same note, evidence has shown that an organization's low performance is often attributed to employees who hardly concentrate on their activities and deliver within the stated time (Alexander et al., 2015). Developing an effective time management framework will help employees to plan their activities and collectively work to achieve the organizational purpose within the corporate sector (Griffin, 2013). Moreover, organizations that fail to institute effective time management always have highly disorganized employees. This disorganization further leads to time wastage that would have otherwise been used to accomplish other tasks within the deadlines. More significantly, organizations that have established effective time management will have the capacity to identify time wasters within the workplace. Leveraging on contemporary technology will help organizations to check updates and encouraging employees to complete their tasks within the deadline (Eccles et al., 2014).

The research will explore the underlying issues that always impede the establishment of effective time management within organizations that operate in an increasingly competitive corporate environment. Also, the research will identify opportunities that can be exploited to ensure that the organizations continue operating profitably and enhance the consumer experience. Undoubtedly, every business aims to register high performance in all the activities that they undertake. The research will illuminate the barriers that have always curtailed the effective implementation of effective management plans that can be used in aligning the employees with the organization's purpose. Equally important, the research will help create a framework that organizations can adopt to ensure employees are provided with an environment that will enable them to progress in their career goals. Still, the research will seek to provide key decision-makers within the corporate sector with a deeper understanding of the value of time. This will enable them to develop policies that will inevitably help in promoting effective time management within organizations as that will guarantee their survival in the contemporary competitive environment in the corporate sector.

Statement of the Problem

Time is a necessity to guarantee the achievement of the set organizational goals and objectives. Effective time management of time is always needed within an organization to ensure that all the operations are efficiently undertaken at low monetary cost with the set deadlines. Most organizations often face the challenge of developing a framework that will ine...