Ans. Time management is the process in which the planning is done in order to spend the time consciously on the different activities that are taking place in the organization. The management of time helps in increasing the effectiveness, efficiency, and productivity of the business. Time management is done by the organization as time is a very crucial resource which cannot be wasted and in order to use it optimally, activities are planned well in advance by the organization so as to utilize every second effectively and efficiently. When all the activities are planned according to the time it helps the managers to accomplish more tasks in less time and by doing very fewer efforts. Time management also helps in reducing the level of stress as when all the activities are well-planned the tasks are accomplished properly within the given timeframe which reduces the pressure on the employees. By adopting time management employees get some time to relax out of their busy schedule which makes them feel rejuvenated and enables them to focus more on their work and as a result efficiency, effectiveness, and productivity of the employees also increases with the increase in the productivity of the organization as a whole and growth of the organization can be fostered very easily.