Financial Daily from THE HINDU group of publications Monday, Nov 15, 2004 |
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Opinion
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Corporate Corporate - Insight Management by prioritising P. Muthuraman
Here is an illustrative story. A Time Management guru stood in front of the group of hyper-achievers and said, "Okay, time for a quiz." He pulled out a wide-mouthed jar and set it on a table in front of him. Then he produced about a dozen fist-sized stones and placed them, one at a time carefully, in the jar. When no more rocks would fit inside the jar, he asked, "Is this jar full?" Every one in the class said, "Yes". "Really?" he said reaching under the table and pulling out a bucket of gravel. Then he dumped some gravel in and shook the jar causing pieces of gravel to work themselves down into the spaces between the big rocks. He smiled and asked the group once more, "Is this jar full?" By this time the class was onto him, "Probably not," one of them answered. "Good!" he replied and reached under the table once again. This time, he brought out a bucket of sand and sprinkled it in and around the spaces left between the rocks and the gravel. Once more, he asked the question "Is this jar full?" "No!" the class chorused. "Good!" he grabbed a pitcher of water and began to pour it in until the jar was filled to the brim. Then he looked up at the class and asked, "What is the point of this illustration?" One student raised his hand and said, "The point is, no matter how full your schedule is, if you try really hard, you can always fit some more things in it!" "No," replied the speaker, "that's not the point. The truth this illustration teaches us is: If you don't put the big rocks in first, you'll never get them in at all." In life also, there are urgent and not-so-urgent urgent matters; there are matters that are important and those that are not. If we do not know how to distinguish between them, we cannot achieve better results in less time. Undergoing a heart surgery, meeting a deadline or repairing a broken machine are all examples of urgent as well as important matters. Do them first. Interruptions, phone calls and some meetings may be urgent but not important. Similarly, building a relationship, certain prevention measures or planning may all be important but not urgent. Junk mails, gossiping and other time-wasters may be unimportant as well as not urgent. Urgent tasks have short-term consequences while important tasks have long term, goal related implications. According to the well-known management expert, Peter Drucker, "Doing the right thing is more important than doing things right." Doing the right things is effectiveness; doing things, right is efficiency. First focus should be on effectiveness and then on efficiency. The Pareto principle or the 80:20 Rulesays that 80 per cent of results are achieved with only 20 per cent effort. In other words, a small proportion of activity generates non-scalar returns frequently. Here are some more tips to achieve better results in less time.
Time is Nature's way of preventing everything from happening at once. By proper management, you can have control over the sequence of events in your life. So, if you haven't worked out a time plan, now would be a good time to start. As the old saying goes, better late than never. (The author is a business consultant in Toronto, Canada. He can be reached at pmuthuraman@gmail.com)
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