18 Conduct Effective Meetings
Meetings
EIGHTEEN
FULLY 25 PERCENTto 50 percent of management time is
spent in meetings of all kinds. These may be one-on-one
meetings, brief meetings in the hallway or while going in
and out of the office, or more formal sit-down meetings in
an office or a meeting room. Unfortunately, 50 percent or
more of meeting time is wasted. Meetings consume enor-
mous amounts of time and produce little lasting value.
However, meetings are also a key management tool and
must be used effectively.
Calculate the Meeting Cost
Make sure that you have a good reason for calling or
attending any meeting. Look upon each meeting as a busi-
ness investment. Look upon a meeting as carrying a cost in