Friday, July 24, 2009

TIME Management - A key ingredient in innovation

PROJECTS help in piloting innovation in organisations to increase productivity, quality and make an impact to the bottom line. Two of the most important ingredients in innovation and creative thinking are PEOPLE and TIME

The Japanese believe in four types of Managerial TIME
Operational time - time necessary to correct yesterdays errors
Strategic time - time needed to plan for future
Innovative time - time needed to become more competitive tomorrow
Kaizen time - time needed for continuous improvements

Aspiring innovators more than anything else, need the innovative time and use it for thinking, planning, collaborating, piloting and experimenting. Google and 3M are two organisations who believe in the innovative time for managers and team members.

Project Managers would take the step in the right direction, if they allocate more TIME for creative thinking in projects for themselves and their team members.

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