Time management is a crucial skill that determines success in both personal and professional life. By effectively organizing tasks, setting priorities, and avoiding distractions, individuals can accomplish more in less time. Poor time management often leads to stress, missed deadlines, and decreased productivity. Using tools like to-do lists, calendars, and time-blocking techniques can help individuals stay on track. Developing strong time management habits not only improves efficiency but also allows for a better work-life balance.