Real Time Management: Real Time And Time Management

1101 Words5 Pages
Real Time vs. Clock Time
Matthew J. Loffredo
Webster University
Time management is the process of optimizing a person’s schedule so that they are more productive as time flows throughout the day. Entrepreneurs have to be very wise when it comes to time management, due to the fact that they are typically extremely busy and are forced to take on multiple functional roles in their endeavors. An entrepreneur will take time to read books, take classes, and use software to help them understand how to better use their time. In fact, the need for maintaining tight scheduling is one of the main reasons an entrepreeneur will purchase software to help with time management. Scheduling is also a main topic that is brought up when taking a class, or reading a book on how to practice better time management. Even with businesses and entrepreneurs investing time and resources into improving time management, unless they understand how time flows, and works.
In the business world, time is seen as a period or point when things occur. This period or point has two different categories. The first, which most entrepreneurs focus on, is clock time. Clock time passes equally because there is always 60 minutes in an hour, and 24 hours in a day. The second category of time is real time, which is more a more relative type of measurement. This second category carries with it for example, the human emotion, and thus when a person is feeling bored, time will drag on. Conversely, when a human is happy and enjoys their task or activity, then time will fly by.
To best take advantage of time management techniques, an entrepreneur is best served if they incorporate a real time concept of time into their business instead of just clock time. Real ti...

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...leaving room for serendipity. Serendipity is when something by chance enhances a situation, very much like the idea of good Karma. Clock time is equal and does not leave room for serendipity because every minute is just a plan minute. However, by creating millstones with real-time the entrepreneur gives serendipity a chance to happen. The down side with a real time approach is when a project goes south, and the milestones are being accomplished. Since real time incorporates the psychological side, the entrepreneur must use self-control, and learn when the project is becoming inefficient or useless. Using real-time allow the schedule or project to take this into consideration, and allows for more flexibility.

References
Mathews, Debold and Percival.(Feb 2014) 10 Time Management Tips that Work.
Entrepreneur. Retrieved from http://www.entrepreneur.com/article/219553
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