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
The pace of life correlates with our endeavor to achieve success and upward social mobility. Every day we put up a fight against the clock as we try to fulfill our daily responsibilities and effectively run all our errands. Rushing to complete an irrational
The time study is an act used to measure the amount of time an employee takes to perform a process or a series of processes that are required in their daily work routine. Time studies are not to be confused with the study of motion; as they are strictly a numerical measurement of time usually documented in one-hundredths of an hour. There are other methods in use today, in addition to time studies, which help time analyst’s measure work. They are standard data, predetermined time systems, and work samplings; however, these methods will not produce results that are as accurate as those produced by a properly performed time study. Whenever a time analyst performs a time study they should be aware of the importance of performing an accurate and fair assessment. The results of their study can affect many things associated with the wellbeing of the company. The company relies on accurate results in order to determine schedules, develop standard cost, rate machine effectiveness and determine the actual time standard that wage incentives are determined from. The actual employees affected by the time standards should feel as if the time study was performed with a sense of fairness towards them. This will keep the moral of the workers high and benefit the company with increased production. The culmination of an effective performance and implementation of a time study is the old adage stating; “a fair days work for a fair day’s wage”. The following sections will identify key areas to address before, during and after a time study.
An essential part of time management is the initiation of a task. Starting a task is the path towards completing it. The key to initiating a task is the mindset of a person. There are two kinds of mindsets, one being the deliberate mindset and the other an implemental mindset. The implemental mindset is the “action phase” in which consists of a positive view towards the task.It is important in time management to begin a task early although the mind is typically focused only on present events. It has been studied that the mind categorizes time in a particular way, the example given is how activities are planned for the day, money is budgeted for the month, and goals are set for the year. The mind is set on present
Previously in this paper it was stated that flextime enables workers to achieve the same or greater productivity levels than standardized schedules. So with other factors being accounted for such as personality, seniority, financial sta...
What is Time Management? It refers to managing time effectively so that the right time is allocated to the right activity. It also means making the best use of time, as time is always limited and non-refundable. There are never enough hours in a day to do what you want.
The 10 hour clock represents the constant control that is has engulfed all aspects of their life. Life revolves around industrial context and economic
Partnoy, Frank. "Unlocking Yourself from the Clock; Even Professionals are Getting Paid by the Hour these Days--Making Us Stressed Out and Less Productive." Wall Street Journal Online. 22 June 2012. Web. 12 Feb. 2014.
Over-scheduling is a very common and overlooked issue. Time management is a very large part of adulthood,
There are many different parts to time management, such as procrastination, strategy, organization, expectations and being prepared. All of them contribute equally in many ways. All of the things that we have spoken about in this paper are highly recommended. The best thing to do when it comes to time management is to set a strategy, become organized and do your best to avoid procrastination. When you manage your time make sure you include the following; studying, sleeping, eating, relaxing and other necessary things. No matter what our circumstances are, we can all use some time management skills in our lives.
While the author of this theory remains anonymous, there are many adaptions of this theory that can be used to explain the concept of time management. This theory puts forward the idea that an individual has many different things that he needs to accomplish within a given time frame; some tasks are big while others are smaller; some tasks have very strict deadlines, while others are more flexible. In this analogy, we take a regular pickle jar and assume that the space within the jar represents the entire amount of time we have. First, we take the biggest rocks that we could possible put it in the jar and put in as many as we can. We then stand back and evaluate whether the jar is full, and will continue to do this after every step. Once no more of these rocks can be put in, we progress to fill the remaining gaps with small pebbles and gravel. Next, we use sand to further fill up the spaces that remain. Although now the jar is seemingly full now, we can still manage to pour water into the jar until it fills up all the nooks and crannies of the jar. Now when we evaluate whether the jar is full or not, we are quite confident that it is in fact full. In this theory, the big rocks signify those things that we prioritise the highest, and which hold the most importance for us. As we progress into each step, the importance and strictness in terms of deadline reduces. The
Humans presently have always imagined time in correlation with the amount of years they spend on the earth. Therefore, within our fast paced culture, time has been considered applicable to our lives. Humans today spend more brain energy and thought processes wondering how to increase their time not only on earth but in daily activities. Based on this common trend, humans have become slaves to time and its requirements. On the west coast particularly, people feel like they must achieve the most they could with their lives under certain time frames. For example, dating, loans, education and even travel are all dictated by time. Time to humans has become a staple-point of our culture and decides how we embark daily and live our lives. It would
This calls a need for people especially students in college to warm up to the fact that if they are unable to manage their time appropriately while in school it is apparent that as they transition into their working life they will demonstrate the same effects still while on the job.
You can plan how you are going to spend your time in the future because work will be done earlier. There are many different ways to set this up quickly.
Matthews, Debolt, and Percival. "10 Time Management Tips That Work." Entrepreneur. 2 May 2011. Web. 06 Dec. 2013.
Business is a game. There are pawns , there are strategies, and there are cheats. To win this game, one must be resourceful, proactive, and ready to fail. In the world of business, it is almost necessary to fail before you finally win. However, to minimize the risk of failing, there are several techniques and aspects to consider. I believe time is one of the most vital ones. Time management can make or break a company. Time management may be one of the toughest aspects to conquer and perfect but it sure isn’t impossible.