Steve Kaye, Ph.D.

Article Summary:

Effective meetings make money, save money, reduce employee turnover, make people powerful, and create success.

Effective Meetings Make Money

Meetings are more than just another way to spend time at work. They are the future of your business. The following are the benefits of effective meetings:

1) Effective meetings make money
Effective meetings make a business smart by producing creative strategies, solid plans, and workable solutions. And smart businesses always outperform others. Bad meetings produce nothing, except maybe a decision to call another meeting.

A smart business attracts customers because they know that smart companies provide reliable products and services. Thus, your proposal meetings, sales presentations, and operational effectiveness tell customers what to expect. For example, consider the opposite: how reliable a product would you expect from a company that ran bad meetings?

A profit-driven business must obtain a positive return on every activity that it undertakes. And that includes meetings. Wise leaders design their meetings so that they earn money for the business.

2) Effective meetings save money
Good meetings produce results that people support. And that represents a major operational efficiency because such results cost less to implement. Results (if any) from a bad meeting seldom have everyone's support. Implementation is then hindered by broken commitments, competing activities, and sabotage. In turn, the business wastes huge amounts of money on duplicate efforts and dead-end projects.

Smart companies get full value for money spent. And that includes salaries. In an effective meeting, people are paid to work, not lounge around eating donuts, sipping coffee, and exchanging chitchat.

Employees admire effective leaders. And they want to work for smart companies. Thus, effective meetings reduce employee turnover, which represents significant savings. In contrast, bad meetings bore top performers into quitting.

3) Effective meetings make people powerful
When people work as a team to produce a result, they feel pride and ownership in that result. Thus, they feel inspired by their work. And that translates into greater productivity.

People are attracted to leaders who help them. And good leaders run meetings characterized by achievement. This creates loyalty to the leaders and to the business. In contrast, bad meetings are filled with failure, which causes frustration, resentment, and anger.

Effective meetings work as a success engine in business. The employees use them as a reliable tool to perform their work. As a result, each success motivates to them to work harder.

4) Effective meetings maximize productivity
When people work as a team, they create synergy. This makes the team more creative and more productive than any one individual.

A group of people knows more than any one person. Unfortunately, bad meetings often showcase a few outspoken members while the rest sit and doodle. This is unfortunate because the quiet ones usually know more.

Short meetings free people to work on the core activities that make money for your business. Bad meetings keep people from performing this essential work.

5) Effective meetings create success
A meeting requires all of the elements of effective leadership, and thus, serves as an excellent teaching venue to develop future leaders.

Many executives use meetings to identify future leaders. Certainly, someone who consistently leads effective meetings should be able to lead larger projects.

All of the benefits of holding effective meetings blend together to make your business more successful. When it becomes part of your culture, then everyone practices the principles in everything that they do. The result is expanding excellence.

Steve Kaye, author and IAF Certified Professional Facilitator, helps leaders hold effective meetings. His facilitation produces results that people will support, and his innovative workshops have informed people nationwide. Call 714-528-1300 or visit his web site for over 130 pages of valuable ideas. Sign up for a free newsletter at www.stevekaye.com.

Read all advice by Steve Kaye, Ph.D.; Find more Meetings experts

More advice on Meetings
» Group Brainstorming Techniques
» How to Start Meetings on Time
» all Meetings articles