Why is it important to manage ones time and schedule within, Operation Management

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Why is it important to manage ones time and schedule within

1. Why is it important to manage one's time and schedule within the business community? Are all activities equally important to accomplishing one's success? Please clarify your response.

2. Someone once said "failure to plan is a plan to fail". How might this apply to running a business? What is a feasibility study relative to a business plan? Describe the meaning of a "breakeven analysis" in relation to a business start-up initiative.

3. Explain the meaning and intent of a feedback pay system.

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