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Focusing meetings on decisions enhances business strategy by maximizing meeting efficiency. It ensures that the majority of the time is spent on matters that significantly impact the company's long-term value. This approach helps in prioritizing important issues, making long-term decisions, and following up meetings with actionable next steps. It reduces the time spent on less important matters, thus leading to a more effective and strategic use of time.
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A survey of 187 companies worldwide with market capitalizations of $1 billion conducted by Marakon Associates and the Economist Intelligence Unit discovered that 80% of management's time is spent on issues that only account for 20% of a company's long-term value. With this deck, you can capitalize on the strategies that maximize meeting efficiency: focus meetings on decisions, measure your agenda's value, complete agenda-items as soon as possible, make decisions last long-term, and follow-up meetings with actionable next steps.
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Meetings have become more challenging as many of us dial in remotely and can only hope that ideas don't get miscommunicated behind a screen. Use this ...
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