Time Value, Are You Getting The Benefit?
Time value might be a measurement you’re familiar with even if you don’t recognize it at first. It seems most people believe that good things take time, but how is that value measured?
When you first learned how to tie your shoes it may have taken some time, and some additional practice. Now you can tie your shoe in one or two seconds.
You might paint a picture with some water colors. It might have taken you an hour or more. The picture can be scanned or duplicated with a copier in less than one minute. It’s not an original, but it still has great value.
The same is true for nearly anything you do. At first, things take more time. After you get some practice it all seems easier and faster. The quality doesn’t have to be sacrificed and the time for delivery improves.
What is the real value of time?
Time Value
In the workplace, teams often seek solutions for problems. The easy problems, or the ones that have occurred before are more easily solved. The time to fix is minimal. That means more value for your investment of time.
Complex problems are a little different. They are often complex because there is a bigger learning curve. There is some time required to discover the root cause, strategize on ways to approach it, and ultimately some trial and error until the solution is fully realized.
It is a constant battle against the undiscovered or the unresolved. The value of your time and the associated performance improves when you put in the effort.
Cheap and easy takes less time. The value of cheap and easy is less.
-DEG
Dennis E. Gilbert is a business consultant, speaker (CSPTM), and culture expert. He is a five-time author and the founder of Appreciative Strategies, LLC. His business focuses on positive human performance improvement solutions through Appreciative Strategies®. Reach him through his website at Dennis-Gilbert.com or by calling +1 646.546.5553.
