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.