Managing Time - Effectiveness & Efficiency

 Managing Time - Effectiveness & Efficiency 

(Execution Excellence -"Ability to get things done" Series)

 

Under the topic, "how we organize time for ourselves, we discussed the rationale behind "being on time" or "being punctual".The other aspects of "managing time for ourselves" are prioritizing the task and execution.
 
Most of us experienced that despite being busy with many activities throughout the day, we do not feel a sense of satisfaction. Time Management conflict on active and impact!
 
Time management is not how we engage in some activities and are busy.

Time management is purely inward motivation than externally monitoring time or counting activities. It is all about being effective and efficient.

Efficiency is how we do things right, and effectiveness is all about how we choose the right things to do.

Efficiency is related to skill, and effectiveness is related to awareness and mindset to choose the right activities.

If we want to excel in time management, in my opinion, we need to be more concerned about EFFECTIVENESS, i.e., awareness and mindset to choose the RIGHT activities.

Once we get into EFFECTIVE ACTIVITIES, efficiency is a matter of skill development.
 
If we choose the wrong task and whatever we do with high efficiency, it is not going to deliver desirable results and impact. There is no sense of satisfaction.

For example, choosing the right path to travel is EFFECTIVENESS. How we travel in the path quickly by walking fast or running or using the vehicle is all about EFFICIENCY. If we choose the wrong path and wildly run fast, we end up with the wrong destination.

Hence, the purpose or result gives satisfaction.
 
In a professional environment, choosing the right task is very important than doing the task faster.

How will you choose the right task?

It is defined by your role and the delivery expected from you from your organization. That is a priority.
 
You are effective when you know your priority as defined for your role or what you're expected to do and engage in that activity.

You become efficient when you execute the priority with speed by upskilling, delegating, and using the tools and techniques.

You need to feel good for having completed priority tasks with efficiency. It is all about time management. It is purely inward motivation and fulfillment.

First, we need to ask ourselves whether we are aware of our priorities; if so, are we doing it with efficiency?

Organizing self-managing Time

 Organizing self-managing Time  

(Execution Excellence -"Ability to get things done" Series)

 

We have discussed the importance of personal leadership or organizing self to improve the execution capability.
 
Let us discuss one of the essential elements of self-organizing, which is "Time Management."
 
We have discussed many aspects of time management in the earlier discussion; let us understand how managing time will impact getting things done at the workplace.
 
Managing Time should be looked at from two angles.

1) How do we organize our Time for ourselves;
2) How do we organize our Time for others

 How we organize our Time for ourselves 

It consists of planning our priorities/activities, making a To-do list, being on time for any events or meetings, and being aware of our Time wasters.

 How we organize our Time for others 

It consists of how we respect others' Time, keep our commitments up without follow-up or reminders from others and be available for others when needed.

Let us discuss all aspects, and the critical, fundamental conduct for any professional is "Being on Time" or "being punctual."
 
In childhood, we used to be punctual in school as an act of obedience or control from teachers and parents, and somehow we have not learned the basics behind it.

Fortunately, i  learned the science behind "being on time" from the beginning of my career. As most of us are aware that TVS as an organization is very specific about being on Time (punctual). They differentiated themselves from others in their bus service business by punctuality when they started the company in the 1910s in the southern part of Tamil Nādu.

When i was working as a trainee in TVS, one day, i went for a learning session late by a minute or less. All my colleagues were inside the room, and then the Vice president sarcastically greeted me as welcome mappillai! (meaning bridegroom). I felt embarrassed and shamed. After the session, i asked him why he was so concerned about being less than 1 minute late. What he said was real learning. He said, "It is not a matter of one minute late, it shows how you look at your work, event, and other people's time. It reflects your attitude".

Very profound learning for me. Since then, i have never been late to any event by plan, and i will keep informing people when unforeseen circumstances beyond my control pull me to be late.

While growing up, i observed that many people who keep up on Time are cool, handle situations calmly, consistently grow, and lead a quality life. Quality of life starts with the right attitude toward managing Time.

In my consulting experience,i have seen a typical pattern that the leaders who arrive at the organization on Time and start the meeting on time relatively manage the business well in any circumstances. Because they set the tone of their attitude towards Time to others, the organization follows them. The first step towards execution!

When you organize well, obviously, you will get things done efficiently.

Let us discuss some more aspects of time management next week.

Personal Leadership

                                             

 As we discussed, Execution capability comprises three elements, viz. 

1. Personal Leadership or how we organize ourselves
2. Inspiring and Influencing  others to get things done
3. In-depth knowledge about our work or business
 
Let's talk about Personal Leadership or self-organizing. 
 
What is self-organizing or personal leadership?
 
Self-organizing or personal leadership is about proactively preparing ourselves for the position/ title or the job or task we do."

It is all about how we conduct ourselves, shape our character, attitude, enrich our knowledge and skill for the position.

It is all about personal effectiveness.

It is the foundation for getting things done.

For example,

Suppose you are a functional or business head. In that case, this position demands certain behaviors, knowledge, and skills like being a role model for others on respecting time, and people, expertise in functional or business knowledge, and specific skills to demonstrate. How you prepare yourself for those requirements is about self-organizing or personal leadership.
 
Why do we need to self-organize from the "Execution Capability" perspective?
 
1) When you have not organized yourselves, you can not lead others effectively. You can not improve your team's capability without improving your effectiveness
 
As per the law of organized performance, the ratio of a leader's performance to their team remains constant.

For example, if you measure your performance on a scale of 1~10 and your score is 8, your team score would also be eight or less. Hence ratio is 1:1

You can not change your team's performance score to 10 unless you also improve your score to 10; therefore, the ratio remains constant as per law.

The point is your team's execution capability, or effectiveness depends on your execution capability only.

To get things done, you need to enhance your effectiveness first.

2) You will derail any time during the growth stage if you are not organized.

As said, self-organized is more about disciplining yourself. You will get derailed when you do not maintain the discipline as the job demands.

We might have come across many talented people who derailed their careers not just due to performance alone but lack of personal leadership.

Some of the examples could be ICICI bank Ex women CEO or  Satyam computer founder's fall mainly due to governance issues from a business perspective or integrity issues from a personal point of view.
 
The point is self-organizing is very fundamental for enhancing execution capability. Without that, we cannot inspire or influence others. When you grow up, people look up to you for everything.

Let's talk more about personal leadership next week.

Developing Execution Capabilities

Thank you for your feedback last week on my request. When i analyze the input, most revolves around "how can one be effective in a professional life and how we achieve result in work or business." Some concerns about bringing ownership to the young generations to achieve organizational goals.Something related to the family business, conflict management, and delegation in general.

I observe a gap between what we intend or plan to do and what we achieve. That gap is due to execution capabilities. We want to get things done but struggle to get them for various reasons.

                                  

 
Hence, we initiate a new series on "Developing the Execution Capabilities" in a professional environment as an individual and an organization.
 
Why do we need to develop the execution capabilities?

1. One of the studies says that only 8 % of the leaders are good at planning and delivering results. The remaining 92 % of the leaders are either good only at planning but lacks execution skill or struggle with both effective planning and execution.

We may relate these findings with our experience as well.
 
For example, we might have experienced many times that we plan to follow some good habits but give up soon. That is an execution discipline problem at an individual level.
 
Similarly, we may plan to achieve some level of business growth every year at an organizational level. Still, for many years, we may be stagnant at the same level of growth performance. That is due to execution problems at the organizational level.
 
 Execution problems may be a common phenomenon for any professional and organization. Unless we understand the execution process and develop the capabilities, there will not be much progress in professional life.
 

2. Success and Growth come from implementing actions and delivering results, not just from planning or strategy or simply ideas. Execution is the critical differentiator between performers and nonperformers. The world admires performers only.

 
However, developing the execution capability is not as easy as learning concepts, tools, and techniques. It is a mix-up of managerial process and art.

Execution capability encompasses the following.

1. Personal Leadership or how we organize ourselves
2. Inspiring and Influencing others to get things done
3. In-depth knowledge about our work or business environment
 
Let us discuss developing the capabilities, the set of behaviors in each aspect, and some insights from effective personalities in this Series.