Pssst, want a stock tip that will make you rich? Okay, here it is: phone a public corporation and ask to speak with the CEO.
If a secretary tells you that the CEO expects to be busy in meetings for the next six hundred years, call your broker and sell the stock short. Any company unable to manage an activity that should last an hour is on its way down the financial tubes.
Although it's true that senior executives spend much of their time in meetings, you can bet that a business is in trouble if their meetings are out of control.
Surveys show companies waste an average of 20% of their payroll on bad meetings. And that's just the beginning of the problem. Meetings keep people away from the tasks they were hired to perform -- tasks that make money for the company and keep the business ahead of the competition.
Since bad meetings are so wasteful, you may wonder why anyone tolerates them. Unfortunately, many business leaders think that their meetings are just fine. They even believe that they're experts at holding effective meetings.
For example, when I phone companies to ask if they would be interested in improving their meetings, I sometimes encounter an assistant who assures me that the executives believe that they hold wonderful meetings. Then the assistant snickers, coughs softly, and regains enough composure to state that they don't need my services. At this point the assistant sounds like someone on a sinking ship who is throwing a life jacket into the water.
And that must make you wonder: why any intelligent person would hold a meeting that wastes everyone's time and produces nothing.
There are easy answers such as 1) they don't know that their meetings could be effective, 2) they don't know what an effective meeting is like, or 3) they don't know how to hold an effective meeting.
But what about the rest of them? That is, what about all of the executives who know how to plan and organize and run an effective business, but still hold bad meetings?
Let's dig deeper. These executives actually want to hold bad meetings because they prove to be useful. Here's how.
1) They provide refuge.
Bad meetings provide a sophisticated form of executive busyness. Some people find this useful because it keeps them from having to work on difficult tasks such as planning, coaching, learning, and communicating. Compared to these difficult tasks, sitting in a conference room is easy. In fact, it is so easy that a six-year old could do it, assuming you could convince the child to stay inside for such a pointless activity.
Better: An effective meeting is business activity where people work together.
2) They avoid responsibility.
Bad meetings never end with decisions, which means that no one ends up being held responsible for doing anything. Some people find this useful because responsibility implies accountability and accountability requires results. Thus, without responsibility there is no failure and everyone appears to perform well. This masks poor performance so that everyone continues to receive raises and promotions, even when they accomplish nothing because (you guessed it) they spent all of their time sitting in meetings.
Better: Effective meetings produce decisions that someone is responsible for implementing.
3) They provide excitement.
Bad meetings feature all of the elements of a good drama, such as conflict, tension, and pain. For example, the participants deliver self-aggrandizing reports, denigrate their colleagues, and engage in politics. Some really terrible meetings play out like pathetic battlegrounds with verbal gladiators battling for favors while the boss watches.
Better: Effective meetings occur in a safe environment of respect.
4) They serve food.
Bad meetings become an enviable executive perk when they provide snacks, coffee, and (sometimes) meals. The attendees then use eating to offset the boredom of having to hear meaningless discussions. It also saves them the expense of having to buy food.
Better: Meals should be a separate activity used to build relationships and (sometimes) rest.
5) They entertain.
Bad meetings resemble a party. People tell stories, trade jokes, and argue over trivia. Some meetings feature comedy performances by the office fool. Others feature humorous belittlements by the office bully. And if neither of these occurs, the absolutely unbelievable discussions amaze and entertain everyone.
Better: Effective meetings use process tools to make methodical progress toward results.
All of this shows why the type of meetings held in a company should be of major concern when making investment decisions. If the executives need to learn how, that can be fixed by scheduling a workshop. Then you might consider investing in the company, after they complete the workshop. If, however, the executives hold bad meetings to avoid fundamental leadership responsibilities, you should seek other investments.
IAF Certified Professional Facilitator and author Steve Kaye works with leaders who want to hold effective meeting. His innovative workshops have informed and inspired people nationwide. His facilitation produces results that people will support. Call 714-528-1300 or visit his web site for over 100 pages of valuable ideas. Sign up for his free newsletter at http://www.stevekaye.com
Successful enterprise building requires seven elements. These are:1. People, who... Read More
Why are people changing jobs so quickly these days?Here are... Read More
In today's competitive environment, companies realize that a good boss... Read More
Here's a productivity tip that will save you a lot... Read More
1. Trust no one. Not your superiors and not your... Read More
For many companies, procuring the right packaging, such as Poly... Read More
While it's probably not true to say that the traditional... Read More
Maybe it's the season or just a more buoyant job... Read More
Every business is run by someone who took on a... Read More
Integrity is very important to me, and I try hard... Read More
"We have to be careful it's like a minefield out... Read More
Human Resource Communications and Corporate Communications ? are they one... Read More
In today's tough retail environment the retailer needs all the... Read More
There is a pervasive belief that time pressure stimulates creativity.... Read More
I once worked in a place where there were three... Read More
I found it important to clarify for employees what "deal-breaker"... Read More
After a full week of training, you are still a... Read More
What happens when a Project Manager asks one of his... Read More
How do you, or would you, communicate with employees who... Read More
Ellen was a clerk working for a large insurance company.... Read More
I have been working with leading Business Improvement guru, Tim... Read More
Here's a brief story I encountered while leaving Newark International... Read More
Here's a scary statistic. According to four prominent research firms,... Read More
There is a growing movement in the spiritual... Read More
Having to manage a difficult employee is never fun and... Read More
Creativity can be defined as problem identification and idea generation... Read More
Creativity can be defined as problem identification and idea generation... Read More
In my book "You're In Charge?What Now?" I use a... Read More
The end of the television season in May included the... Read More
Creativity can be defined as problem identification and idea generation... Read More
February 2nd, at approximately 7:30 a.m. local time on Gobbler's... Read More
IMPROVING COMMUNICATION DURING THE PERFORMANCE APPRAISAL: If the employee has... Read More
How can you make the best use of your energy... Read More
I'm sure you've experienced those typical "headache" meetings! You know... Read More
A series of articles exploring the seven critical areas that... Read More
New York, NY, February 25, 2005 ? Employee retention and... Read More
"His cardinal mistake is that he isolates himself, and allows... Read More
Resistance. It isn't something people cherish or enjoy encountering. We... Read More
Yet there is a place for those external 'raft-build's', 'away... Read More
Much of the literature and advice on implementing business change... Read More
Several decades ago, a passenger jet approached a Florida airport... Read More
Creativity can be defined as problem identification and idea generation... Read More
All small to mid-sized company owners want to know where... Read More
You can use this step-by-step method to hire applicants who... Read More
CATEGORIES OF OFFENSES: Most organizations have two categories of offenses... Read More
Best Practices StudiesThese studies can be defined as inquiries into... Read More
As crazy as it seems, some people spend more time... Read More
Definition From http://www.merriamwebster.com -- "Virtual: - being such in essence... Read More
Question: What's the easiest, cheapest and quickest way to have... Read More
Many people believe that they conduct effective meetings, when all... Read More
One of the strongest weapons available allows business, non-profit and... Read More
If a good manager asks his workforce for their opinion... Read More
In our experience, we have found that there are several... Read More
The good news is that a new hire orientation program... Read More
Remember the 80:20 rule? You may not get everything perfectly... Read More
I often hear leaders from all types of organizations ask... Read More
Attitudes are more important than facts. Dr. Karl Menninger... Read More
Various studies ? and common sense ? indicate that involving... Read More
1) Use a live instructor. Adults learn best by doing,... Read More
Check Out Your E-HabitsAnother week has ended. And, despite moving... Read More
This article relates to the Job Security competency, commonly evaluated... Read More
IBM, which registered 3248 patents last year, has decided that... Read More
1. Base your business in the Magic Triangle. Honesty, integrity,... Read More
It's the middle of the night. You've woken up with... Read More
SELECTING THE RIGHT PERSON: To whom should tasks be delegated?... Read More
Human beings and the way they interact are extraordinarily Complex.... Read More
Business Management |