Since high school (or earlier), many of us have struggled with meeting deadlines. Poor time management skills and procrastination often lead to last minute cram sessions which produce substandard work. At work, failing to meet deadlines is one of the cardinal sins that can easily get you fired. An employee who fails to be punctual and achieve deadlines is no more than a broken cog in a machine, and will be quickly replaced. How can professional procrastinators learn effective time management in order to successfully meet deadlines?
Breaking One Task Down Into Bite-Size Pieces
The lesson many of us never learn is that one large task can always be more easily accomplished in bite-size pieces over a long period of time. If you are given a project to complete in the next two weeks, the right time to get started is that very day. When you first receive a project, you should take out a calendar and find a way to break it into four or more evenly spaced parts. Don't just mark the final deadline date. Give yourself mini-deadline dates per segment and meet them, whatever the cost. Failing to meet one of your own mini-deadlines should be regarded as a failure to meet the final deadline.
Rewarding Yourself
Some people, however, lack the self-discipline necessary to break one large task into several small ones. These people won't worry if they miss one of their own deadlines, procrastinating and pushing it back to the second, third and final deadlines. They will only panic as the last deadline approaches.
A simple way to reinforce meeting your own mini-deadlines is to reward yourself. If you completed the first phase of the project ahead of time, reward yourself with a night out, a nice dinner or a gift for yourself. If necessary, pencil these in under each mini-deadline. A variation of this would be to abstain from an addiction - such as candy, beer or cigarettes - until the mini-deadline is met, with no exceptions.
If you truly lack the self-discipline necessary to pull this off, you'll need a partner - kind of like an Alcoholics Anonymous sponsor - who oversees your day-to-day activities to make sure you never veer off course.
Though its definition is somewhat contentious, the concept of corporate entrepreneurship is generally believed to refer to the development of new ideas and opportunities within large or established businesses, directly leading to the improvement of organizational profitability and an enhancement of competitive position or the strategic renewal of an existing business.
Within that system, the notion of innovation is at the very core of corporate entrepreneurship - the two inseparably bound together and responsible for driving calculated and beneficial risk-taking. Taking it one step further, corporate entrepreneurship may even significantly alter the balance of competition within an industry or create entirely new industries through this act of internal innovation.
Why should established organizations consider corporate entrepreneurship?
Corporate entrepreneurship is especially crucial for large companies, enabling these organizations - that are traditionally averse to risk-taking - to innovate, driving leaders and teams toward an increased level of corporate enterprising. In addition to the obvious benefits obtained through innovation, this approach also provides the organizational benefit of setting the stage for leadership continuity.In a simpler view, corporate entrepreneurship can also be considered a means of organizational renewal. For in addition to its focus on innovation, there also exists an equal drive toward venturing. These two work in unison as the company undertakes innovations across the entire organizational spectrum, from product and process to technology and administration. In addition, venturing is a primary component in the process, pushing larger companies to enhance their overall competitiveness in the marketplace by taking bigger risks. Examples of these risks, as seen in a large-scale organization, may include: redefinition of the business concept, reorganization, and the introduction of system-wide changes for innovation.
Setting up the corporate entrepreneurship environment
In modern business, one of the primary tasks of the business leader is to foster an environment in which entrepreneurial thinking is encouraged and readily takes places. Promoting this culture by freely encouraging creativity (and thereby innovation), business leaders motivated toward corporate entrepreneurship must continuously strive to exude and build trust, embracing the risk to fail and inspiring those around them to take similar calculated risks.
