Global Punctuality Index: A Tool to Save Trillion Man Hours
10 Pages Posted: 23 May 2014 Last revised: 31 Jul 2014
Date Written: May 20, 2014
The 'time' is most precious, important resource but uncontrollable. Hence, one has to use the time effectively to succeed. Attitudes and values are the foundation of every country’s culture, and are the building blocks for developing business culture. Cultural influences, attitudes and behaviour vary within and across nations and within and across ethnicities, and are strongly embedded within communities. Some of the cultural distinctions that businesspeople most often face include differences in business styles, attitudes towards the development of business relationships, attitudes toward punctuality and so on.
The time consciousness is very important cultural trait, and along with time punctuality, it influences economic development. Culture is one potential reason for differences in the levels of economic development and for differential economic performance of countries around the world. An especially important cultural dimension with regard to its possible impact on production and economic activity is time punctuality, or time consciousness. The punctuality matters for economic development, innovation, country competitiveness, and the effectiveness of a country’s government. Country to country, region to region, village to village, community to community theses traits are different. The index provides opportunity to identify room where the time can be saved by collective actions. World Bank group compile Doing Business every year, the due weightage is given to starting time or licensing time.
The index is intended to rank countries which participate through its citizens on the basis of score obtained on standard scale of 100. Citizens will be asked to be true, fair and reasonable to the extent possible. The score is collection of data for routine daily affairs, social functions, public gatherings, transportation, business & government functioning. The social functions are spread into all aspects of life cycle of man, begins from birth, marriage, death and other occasions. The citizens are asked to rate on scale of 100 for the structured questions and few open ended questions. The collective score is converted on standard scale of 100 by average out. Punctuality is defined as time planned for any task and task initiated & completed. If the difference is zero, full score of 100 is given. For each minute delayed, one point is reduced. Thus, if time to start particular task is 10.00 a.m. and its starts at 10.00, score of 100 is given. If the task starts at 10.05, the assigned score will be 95. If the task starts at 11.05, the assigned score will be 35, If the task starts at 12.20 or thereafter, the assigned score will be 0.
This is a massive task; the intention is to develop the most objective index, through participation of several citizens and pertaining to different tasks. Suggest the way to collect data, processing and compiling into index and announcing. Please give your feedback to improve this index further.
Therefore, there is need to develop Global Punctuality Index for several countries. This index help to know the people & government, how many man hours can be saved by taking appropriate measures. This is a novel concept. We attempt to build ways and means how to measure objective index on the basis of measuring level of punctuality in daily and routine home affairs, social functions, business and government functionality.
Keywords: Time Conceousness, Punctuaity Index, Regularity, Growth
JEL Classification: A14, D60
Suggested Citation: Suggested Citation