According to a University of North Carolina cross-industry study cited by HBR in their Stop the Meeting Madness article, 71% of senior leaders said that meetings are unproductive and inefficient.
In addition to this, they said that meetings:
- Keep them from completing their required work (65%)
- Come at the expense of deep thinking (64%)
- Miss opportunities to bring the team closer together (62%)
My Poll Results
There is probably nothing so maligned in the modern world as the business meeting. There are countless blogposts, articles, vlogs, and books written about how much time and money are wasted in business gatherings. Similarly, there is the same amount of effort detailing how to conduct effective meetings . . . yet the business world continues to make the same mistakes!
Meetings still lead the business world as one of the largest wastes of corporate time and stakeholder money!
However, effective meetings do serve a crucial function in any organization. Without effective face to face time for leaders, the corporation would wither and die. It is in meetings that innovative ideas are born, visions are cast, fortunes are made, and empires are created.
A great example of an idea that was created out of a series of productive meetings is the modern day GPS.
This week’s book summary is Real Artists Don’t Starve by Jeff Goins.
Contrary to popular belief, many of the famous artists of the past (like Michelangelo) were not “dirt poor” but were very wealthy thanks to their art endeavors! Goins dispels the myth of the starving artist and then masterfully explains twelve principles that are required to develop a successful enterprise as an artist. I have briefly summarized these principles below.