What’s Your Scarcest Resource?

Available as an Online Course and Live Seminar

How do you get the most out of your company’s scarcest resource, time?

We draw on research and insights from Bain & Company, the consulting firm, who used analytics tools to examine the time budgets of 17 large corporations. The findings were eye-opening.

Most large companies pay little attention to how employees spend their time—and squander countless hours as a result.

Take meetings: Executives in the Bain study spent, on average, two full days every week attending meetings, and almost 80% of them were with members of their own department.

That’s time people weren’t using to collaborate across functions and businesses or to build relationships with customers.

Communications overload also sucks up enormous amounts of organizational time, and the problem is only getting worse as new technologies emerge.

Executives in the 1970s had about 1,000 external communications a year to deal with—mostly phone calls and telexes from people outside the company.

With the rise of voicemail, communications quadrupled.

With e-mail and virtual collaboration, the number jumped to about 30,000 communications a year—per person.

Endless e-mail chains, needless conference calls, countless unproductive meetings—the waste is staggering, and it takes a heavy toll.

Organizations become slow and bureaucratic, employees feel frustrated or burned out, and performance suffers.

We share with you the insights to help your organization change the behaviors that lead to this massive waste of your scarcest resource.

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What’s Your Scarcest Resource?

What’s Your Scarcest Resource?

Some executives say income. If they had more income, they would be able to right the ship and put it back on course. Managers might say that if they had more or better employees they would be able to complete all the work that gets stacked up. Others will answer with, “I need more time.” If they had more time, obviously they would get the projects done. This begs the question: what are they doing with their time now that they can’t finish their work on time?

Time is money, so why do we squander it? Most large companies pay little attention to how employees spend their time. A key difference between a thriving company and a surviving company is using time appropriately. Everyone has the same twenty-four hour days to work and live in.

Discover how you can identify methods to improve how you use your scarcest resource: time.

Don’t forget to check out our other online course: