Time seems to have run out of its “infinite resource” categorization. Once thought of as the one thing that has no ending, time is now a valuable finite resource that requires special management in order to ensure a good result in whatever projects we may be engaged in. Organizations are now growing in an extraordinary rhythm, following the economy and the rapid changes in all industries. As a result, executives of these organizations have come to believe that there are not enough hours in a day to achieve their to-do list for the day. There are tens of reasons for which managers have arrived to this conclusion and just as many solutions for the time management problem.
In the last decades, the role played by performance measurement in helping organizations achieve and sustain their competitive advantage has been clearly established and acknowledged by management literature. During the ‘90s, some revolutionary changes such as technology fusion and proliferation, shortening of product life cycles and increased competition pushed managers towards the measurement and assessment of the R&D performance, even more than before.
An article posted in 2012 on www.forbes.com discussed the changes that are likely to occur to performance management in the year 2013. Sylvia Vorhauser-Smith, author of the article, argued that no other organizational practice is more broken than performance management. The reasons she gives for this daring statement reside on the fact that people and technology have changed, as well as the relationships between them.
It is interesting to observe different companies striving to reach their destinations. And above interest, this presents a great opportunity to assess other companies and their way of handling issues, thus benefiting from a chance to compare one’s company and strategies with another’s.
Every company is based on a philosophy that expresses the essence of it. Google is one of the companies that has succeeded in achieving great acknowledgement for its work, based on an initial well-established philosophy. Starting as a merely small idea between two students at Stanford University in the year 1998, Google is now a multinational corporation that specializes in Internet-related services and products.
