If everyone agrees that time is money, why do we act as if corporate time was unlimited?
“Time is money” is a concept everyone understands and we all get annoyed when someone else is wasting it. Why is it then that, in business, we are not always mindful about each other’s time?
Meetings creep onto the calendar with no clear reason, priority or agenda. Suddenly it seems that everything demands your attention. Andy Grove, legendary Chairman and CEO of Intel, wrote:
Just as you would not permit a fellow employee to steal a piece of office equipment worth $2,000, you shouldn’t let anyone walk away with the time of his fellow managers.
Such time thievery happens every day, often unintentionally. Today entry level managers spend more than 50% of their working time in meetings (>24h a week). We seem to forget quite often that our time, and the time of our colleagues, is limited.