Time is the scarcest resource from "summary" of The Effective Executive by Peter Drucker
Time, the scarcest resource available to the effective executive, is not renewable. Once it is gone, it is gone forever. Unlike money, time cannot be earned back. It is the one resource that cannot be increased through hard work or clever strategies. Every executive, no matter how skilled or experienced, is limited by the same twenty-four hours in a day. The key to success lies in how effectively one manages and utilizes this precious resource.
In today's fast-paced world, with constant demands on an executive's time, the ability to prioritize tasks and make the most of every minute is essential. Every decision made by an executive involves a trade-off of time, whether it is allocating resources, setting priorities, or dealing with unexpected challenges. Time must be spent wisely on tasks that align with the organization's goals and priorities. Wasting time on low-value activities can have serious consequences for both the executive and the o...
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