Executive Time Use Survey

Here’s an interesting article for today.  Enjoy.

Top executives are known to, and are often expected to work incredible hours. They wake up incredibly early, stay late, and work weekends.

However, a new McKinsey study finds that only 9 percent are very satisfied with how they use that time, about a third are “actively dissatisfied,” and almost half feel that they don’t spend enough time focusing on the strategic direction of their company.

According to the report, this makes a very important problem clear. Time management isn’t entirely a personal problem, it’s an organization wide problem. And it’s one that can’t be solved by adding more hours to the workday.

They break the inefficient executives down into four groups of similar size:

Exec time

McKinsey Quarterly

In all of these cases, too much focus on a particular aspect of the job means that other things get left behind. Then new projects get piled onto an already full schedule, often with no guidance on how to manage them. People default to their regular schedule, scrambling to make extra time for new initiatives. It all adds up to a large cost in productivity and effectiveness.

Here are a few tips from the report on how companies can get better at making sure executive time is used effectively.

  • Create a budget for leader’s time, think about how much attention each project will require, figure out which ones are the priority, and delegate accordingly.
  • Strip out redundancy and extra layers in the decision making process.
  • Encourage executives to measure how they use their time, so they can align it with their company’s priorities.
  • Use a calendar not just as a schedule, but as a tool to find and strip out time wasting meetings.

When it comes to personal time management, the executives that were happiest about their performance balanced who they met with (external versus internal stakeholders, and their direct reports) and spent more time using real time communication than email.

Read more: http://www.businessinsider.com/executive-time-use-survey-2013-1#ixzz2I3wqD0cm

Read more at Executive Time Use Survey – Business Insider.

 

About Kelly Business Advisors, LLC

Early in his career John started-up and sold 7 years later a Moving and Storage Company in Milwaukee. He acquired and was President of Kelly Pickle Company f/k/a Bond Pickle Company, in Oconto, WI for 12 years. Built a monthly round-table networking group of manufactures in Oconto. Developed marketing plans, sales plans, products and implemented lean manufacturing practices with many North American companies. Worked with non-profits as both a front line leader and behind the scenes. He is active in his church, a member of the Green Bay Chamber of Commerce,Business Networkers International (BNI) and now is joining the Green Bay Downtown Rotary.

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