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Effective executives, in my observation, do not start with their tasks. They start with their time. And they do not start out with planning. They start by finding out where their time actually goes. Then they attempt to manage their time and to cut back unproductive demands on their time. Finally they consolidate their 'discretionary' time into the largest possible continuing units. This three-step process: recording time; managing time; and consolidating time is the foundation of executive effectiveness.