When I was studying for my MBA, my favourite subject was organisational behaviour, managerial effectiveness and personal financial management. I saw these subjects in a different way and thought about how can I use these management fundas or philosophies in my personal setting. I would ponder over the pursuit of personal growth and self-improvement (I still do), and how it can be helpful to borrow strategies from the world of business management.
Through this post, I am sharing my top favourite and popular management philosophies – Kaizen, Lean Management, Six Sigma, the 5S Methodology, and Total Quality Management (TQM) – that can be applied to our daily lives to enhance time management and overall efficiency.
5 Management philosophies to apply in daily life
1. Kaizen
Kaizen, a Japanese concept of continuous improvement, focuses on making small, incremental changes. By applying Kaizen to our daily lives, we can identify areas for improvement and set achievable goals to enhance our time management skills.
2. Lean Management
Lean Management aims to eliminate waste and maximise value. In a personal context, we can use this philosophy to streamline our schedules and prioritise tasks that truly matter. Analyse your daily activities eliminate non-value-added tasks and focus on high-value activities that contribute to your personal growth and well-being.
3. Six Sigma
Six Sigma is a data-driven approach to reducing errors and improving processes. To implement Six Sigma in your daily life, identify inefficiencies in your routine or habits that are holding you back. By analysing and understanding your strengths and weaknesses, you can create strategies to overcome challenges and optimise your time management. Could use a personal SWOT analysis to identify them.
4. 5S Methodology
The 5S Methodology focuses on organising physical spaces for efficiency and effectiveness. In a personal context, this can apply to organising your living or working spaces. The five principles of 5S are:
Sort
Set in Order
Shine
Standardise
Sustain
5. Total Quality Management (TQM)
TQM aims to achieve long-term success through customer satisfaction, employee involvement, and continuous improvement. In daily life, we can apply TQM by striving for excellence in all areas, including relationships, personal growth, and overall well-being.
Involve others in your improvement journey, seek feedback, and adapt your strategies accordingly. We can create a foundation for personal growth, improved time management, and overall life satisfaction by remembering that small, incremental changes can lead to significant improvements over time.
Gratitude,
Priyanka
