What are the impacts of bad meetings on an organization's value a

Bad meetings can have a significant negative impact on an organization's value. They are often seen as unproductive, with a global survey by Microsoft finding that 69% of respondents felt this way. They can also be a major drain on workplace time, with one study identifying them as the single most significant cause of this issue. The financial cost is also substantial, with bad meetings estimated to cost $250 billion a year in wasted time. This is a significant corporate investment that is often not treated with the seriousness it deserves.

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In less than forty years, the number of meetings that take place in a day has jumped from 11 million to a stunning 55 million in the United States. These meetings cost an incredible $1.4 trillion, or 8.2% of US GDP annually. The number of meetings increases as one moves up the corporate ladder. On average, non-managers attend 8 meetings per week, while managers attend 12 meetings. Senior management spends most of their time in back-to-back meetings. In a global survey by Microsoft, 69% of respondents felt that meetings were not productive. A recent study found meetings to be the single most significant cause of workplace time-drains. Bad meetings are estimated to cost $250 billion a year in wasted time. No other corporate investment of this scale is treated so casually. Meetings cannot be eliminated. Time spent in meetings is the ""Cultural Tax"" an organization pays for creating inclusion, participation, teamwork, communication, and cohesion in the organization. What must be reduced...

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The Surprising Science of Meetings

How can you lead engaging meetings that unlock creativity, effectiveness, and dynamism? Turn tiresome and costly meetings into productive sessions wit...

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