Question

In what type of management does time play a minor role in?

Answer 1

There are various types of management in the world such as strategic management, financial management, operations management, Human Resource management, Marketing management, Public Relations Management, Hospitality management, to name a few. However, the concept of ‘management’ includes the handling of ‘time’ as well because without timely intervention in any of the activities that is undertaken in management, the targeted results may not be obtained. Time is the key to success in management. Even the long-term goals of the Company are based upon the calculation of time. Hence, in all types of management, time has a major role to play. If the management discards time, then the success rate of the activities may reduce considerably.