- The Cost of Meetings should be a significant target for cost reduction in all organizations
- By visitng this website, you're already looking for ways to monitor and control meeting costs
- Are there ways to get group convergence or alignment without conducting meetings?
- Simply, No! - Meetings are an essential business process for making collective group decisions!
- The Bad News - a 2001 Wharton School of Business study on meeting productivity showed that:
- Businesses incurr annual meeting expenses of $30M to $100M
- Meetings result in annual business losses of $54M to $3.7B
- Managers spend 25%-80% of their time in meetings, yet report that only 33%-47% of that time is productive
- Meetings dominate employees' time, yet are costly, unproductive, dissatisfying, and their duration increases
So, What's the Good News? - Read More ...
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