time management

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time management

  1. the organization of a manager's working practices so as to make the optimum use of the manager's scarce time.
  2. the process of reducing the amount of time taken in developing new product ideas into products, and getting them on to the market. Firms which are able to shorten new product lead times can often gain a significant COMPETITIVE ADVANCE over rival suppliers. See NEW PRODUCT DEVELOPMENT, CONCURRENT ENGINEERING.