clocking in | business strategy review
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How do business leaders spend their working days? This was first published in Business Strategy Review, Volume 22, Issue 4 - 2011. Subscribe today to receive your quarterly copy delivered to your home or work place. http://bit.ly/BSR-subscribeTRANSCRIPT
© Copyright 2014 London Business School
Clocking inMeetings, emails, thinking? How do business
leaders spend their working days?
BUSINESS STRATEGY REVIEW 2
CEO time60% of CEO time is taken up by meetings; CEOsspend 25% of their time on phone calls and at publicevents; only 15% of CEO time is spent working alone.
bnet.com
60% 15% 25%
BUSINESS STRATEGY REVIEW 3
Work-related56% of managers visit work-related websites duringtheir free time and 30% read work-related books.
Chartered Management Institute
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56% 30%
BUSINESS STRATEGY REVIEW 4
Time with othersCEOs spend the majority of their time with other people(83%). Of these, most are employees of the same firm,but many are not. On average, CEOs spend 42% oftheir time with insiders only, 25% with both insiders andoutsiders and 16% with outsiders alone.
hbs.edu
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42%INSIDERS ONLY
0% 100%50%
25%BOTH INSIDERS AND OUTSIDERS
0% 100%50%
16%OUTSIDERS ALONE
0% 100%50%
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TIME SPENT WITH OTHERS
83%
BUSINESS STRATEGY REVIEW 5
Workouts85% of CEOs say they exercise daily. 70% begin theirday with a workout of some kind while 15% exercisebetween meetings or during a lunch hour.
Yahoo!Finance
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70%
15%
BUSINESS STRATEGY REVIEW 6
Unpaid workManagers spend an average of 2.5 hours a weekdoing unpaid research in their own time.
randstad.co.uk
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BUSINESS STRATEGY REVIEW 7
Lunch breaksExecutives take an average lunch break of 35 minutes, though they also work through lunchthree days a week.
keyorganization.com
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BUSINESS STRATEGY REVIEW 8
Information searchesManagers spend up to two hours a day searchingfor information; yet the same managers felt half theinformation they found to be useless.
academic-journal.org
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BUSINESS STRATEGY REVIEW 9
Industry breakdownAcross industries, managers spend 30% to 60% of theirtime on administrative work and meetings and 10% to 50%on non-managerial tasks (travelling, participating in training,taking breaks, conducting special projects or undertakingdirect customer service or sales themselves). They spendonly 10% to 40% actually managing employees by, forexample, coaching them directly.
forbes.com
AD MINISTRATIVE WORK
NON -M ANAGERIAL TASKS
MANAGING EMPLO YEES
30% 60% 60%
10% 550%
10% 40%
BUSINESS STRATEGY REVIEW 10
TwitterJust 5% of Fortune 500 CEOs have Twitter accounts.Only 50% of the accounts are active.
personneltoday.com
550%ACTIVE ACCOUNTS
0% 100%50%
5%
BUSINESS STRATEGY REVIEW 11
PaperworkOn average, paperwork and related tasks consume11.6 hours per week of a manager’s time, with seniormanagers both spending more time on these tasks andfinding it more disruptive than middle managers.
getmoredone.com
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This was first published as part of the‘What a day looks like’ special report,
Business Strategy Review
Volume 22 Issue 4 2011
Visit our website www.london.edu/bsr