Eps 73: they got timely information
— podca
| Host image: | StyleGAN neural net |
|---|---|
| Content creation: | GPT-3.5, |
Host
Melanie Wagner
Podcast Content
With many silos of information, data is not accessible to the right person, at the right time, in the right format. It helps manage your information centralized, so that everyone has access to the same, relevant data and insights, all of the time. You can share data seamlessly between each department, keeping everyone informed and aware of what is happening right in real-time. With a virtual data room, documents are delivered more efficiently and promptly to regulators and investors.
People need to know how things are done, what is working, what is not working, and quickly. We also need to make sure investors are protected, that they are being given relevant, timely information. It is essential for our clients to be given the information that they need, to know what that means, to make a prompt application for government funds, and that supporting information is available. Employees need to get the information on how it is being done in a timely manner.
If you are going for an interview, it is essential that you arrive on time. Timing is certainly important, but your marketing cannot just be about being punctual. These examples demonstrate you need both timely and relevant marketing. Being both timely and relevant requires listening to your customers, getting to know them better, and producing content they want to see.
At its core, being both timely and relevant is all about taking care of your audience. Ultimately, your customers are the ones that will determine if your messages are timely and relevant. You can tell yourself you are being timely and relevant, but if your customers are not still satisfied, you are not doing all that great. When communications are on point within an organization or business, its leaders are better equipped to take advantage of each and every opportunity.
Therefore, it may be said that timed communication helps organizations to take full advantage of each occasion by enabling informed decision-making. Timely communication can be defined as communications that take place early enough and in an appropriate manner. For communication to truly be timely, it must be useful, but it must also happen in a convenient moment. Timely communication within your company or organization is critical for success or failure of any effort.
Communicating timely means engaging an audience when guidance about wellness is needed, and when they are susceptible to hearing it and acting upon it. Effective, timely feedback is a key component of a successful performance management program, and it must be used along with established performance goals. Successful, smooth project management involves effective, fluid, and timely communication among sales, project managers, and leadership. Regular, all-team meetings, joint planning sessions, and timely updates when processes go awry can demonstrate the benefits of having one team, and help persuade those who are more comfortable with individual teams.
Timeliness can be measured as the period of time between the time that information is expected to arrive and the point at which it is easily accessible for use. Timeliness refers to time expectations of information availability and accessibility. We all know that a core tenet of data warehousing is that it contains time-varying snapshots of historic data values, and many times users will compare that period-specific report to an earlier one by hand.
Dates are sometimes easily forgotten, particularly when we get urgent, single-time, single-request of a specific report. The original recipient is likely to understand the report captures the actual data the first time it is received, but may get confused when receiving later versions of the report, should it change from an one-time to regularly scheduled output. If more than one version of a report is produced in one day, as may happen for balance sheet trial runs, then each version should also contain the date it was produced and/or version number.
Timing has real implications for your company, and they are quite complicated, it turns out. When I was reading through the writings of the business tax office during my classes, I was flummoxed by their use of the term "timely". Yet the corporate tax department assured me they were right -- that their use of timely was standard in their area.
My business professors had said it did not matter whether or not your communications were timeless, and so theorized that the most critical element to effective, helpful communications was the delivery of them on time. Pepsi learned the hard way that delivering the wrong message at the wrong time does not work, and that is been the wake-up call to businesses everywhere.
You might use the term "on-time" in professional situations, when you are trying to impress on someone with a quick response to a task or request. If you hear someone mentioning the expression in conversation or document, it is asking you to return their requested information in a courteous way. It is a thinly-veiled threat that states that there will be consequences if you do not return something to someone in time.
I mention that caveat because my dictionary shows another word, which obviously means timely, right under the timed entry on the page. Timely communication means disseminating the information far enough in advance so the affected audience has sufficient time to examine the material involved, determine whether or not to participate, and plan for such participation.