Efficiency of Managerial Work and Performance of Managers: Time Management Point of View

Abstract

Appropriate time management allows individuals to achieve work and personal goals, plan tasks, set priorities, eliminate disruptive effects, and increase work efficiency and productivity. The aim of the paper is to evaluate the effectiveness of managerial work and the performance of managers of food companies in the V4 countries (Slovakia, Czech Republic, Hungary, and Poland) from the perspective of time management principles, point out the shortcomings and reserves that can ensure time management, and propose solutions to improve business practice. We set five research assumptions in order to evaluate the situation comprehensively. A survey carried out from September 2020 to January 2021 involved 1588 managers working at various levels of management. Statistical methods and tests were used for data processing and their subsequent evaluation. The data were processed using Microsoft Excel 2016, the statistical software SAS Enterprise Guide 7.1, and XLSTAT. The analysis showed that three-quarters of managers are aware of the value of their time. More than half of the managers involved try to regularly review their agenda in order to identify gaps in the use of time and to avoid repeating unproductive practices. Only half of the managers make arrangements not to think about work in their free time. The managers spend the most time in their work dealing with administration. Intensifying the implementation of ICT (information and communication technologies) in the work of the manager has the effect of increasing the efficiency of the division and use of working time of managers. Based on our findings, we consider the goal orientation, positive motivation, systematic training, and development of managers as a key prerequisite for efficiency of managerial work and performance of managers and their effective time management.