Importance of managing meeting effectively:
How important is it to manage meetings efficiently? Some estimates of time spent in business meetings range from 40 to 60 percent. Nearly half of most managers’ work hours are spent in meetings!
What are the usual complaints about meetings? “Boring!” “Off the topic!” “Waste of time!” Most of us have endured poorly run meetings in which the communication goes in circles, and nothing is accomplished. Yet, how much time, energy, and money do we spend meeting? Most organizations spend between 7 and 15 percent of personnel budgets on meetings. Community groups are literally run by meetings. Much of this effort may be volunteer, so there may not be a monetary cost, but there is a time cost, and time is a valuable resource to most people.