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As we use Return on Investment it is also about time to discuss Return on Time. Time is a differentiator factor and is subject to analysis. The presentation uses a light-based metaphor: Time Scattering
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Ali Anani, PhDAli Anani, PhD
Two of my university female students walked in my office with the face of the beautifulone grimed
What is the problem? I asked.
It is unfairness, she replied.
It is unfair that I studied for two hours only and I got an A whereas my friend studied for long hours and got a C grade.
Great, then next time I must watch for how many hours a student studies and evaluate him accordingly?
Is this fair? I asked.
I am not going to visit every student at home and check out her efforts.
I am only able to correct for the output… the written answers on the exam paper
The story tells us an important fact:
It is not only the effort we put in; more it is the output we get.
It is not only Return on Investment (RoI); it is more Return on Time (RoT)
Time is a real differentiator and is subject to Blue Ocean Strategy
See my presentation:http://www.slideshare.net/hudali15/the-blue-ocean-strategy-of-time
time wastage
the value of time
or what I call Time Dissipation
time downs and losses
is a major block as it may fulfill the other three blocks or frames of action
Create
Let me show by example
Limestone is widely used in the three industries (Plastics, paints and Paper)
Ps
The grinding time is crucial in reducing the cost of beneficiation of the mineral
Adding a cheap lubricating the mineral reduces the grinding time by up to
50%
Not only that as the proper lubricating material may enhance the luster of the mineral, which shoots up its price
By adding a little extra cost we thus achieved:
the grinding time
the cost of production
the quality of the produce
the selling price
labor cost
Reducing
Reducing
Reducing
Raising
Raising
This way Creative led to achieving other frames of action
We did more for lessMore value inless effort
It is not only Return on Investment; it is more on return on the invested time that resulted in much less dissipation of time
Plants use photosynthesis to manufacture food.Not all light is used and some light is a waste.
So, are times spent in dissipated efforts
Scattered lightScattering means the light is deflected in all directions. Scattering happens when light energy is absorbed by a particle or a molecule and causes the electrons to be more energized . When the electrons release this extra energy it is in the form of light energy. The released light energy is scattered.
http://www.education.com/science-fair/article/demonstrate-scattering-light
LegendSun light
White light
Scattered (blue) light
Oxygen molecule
We humans may scatter time in all directions.
Some humans scatter seconds whereas others scatter hours
To give time its monetary value we should talk about Return on Time
Hoping that this presentation has a value of your time invested in its reading