Manage Your Time
The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for time and no marginal utility curve for it. Moreover time is totally perishable and cannot be stored. Yesterday’s time is gone forever and will never come back. Time therefore is always in exceedingly short supply. Ask a support staff by 5.00pm after a day’s work what she has been doing all day and you’ll be surprised that she may not be able to articulate a quality response. Why? She never had any support schedule for the day! Few people schedule a day well and have the discipline to follow it through. If you don’t intentionally schedule yourself for a day’s work, other people’s schedules will eat up your time. If you don’t know your name, you’ll answer to any name. If you don’t know your destination, just any bus stop will look like it! However, this is not to say that we should be too rigid on our schedules at the expense of team efforts and collective ...