Stop Wasting Time in Meetings!
by AccountingWEB on
By Mike Richardson
Technology is constantly speeding up the pace of business: Decisions once delayed for weeks are now made in seconds, thanks to Internet communication. Computer analytics puts real-time market information at our fingertips. Transactions can occur anywhere, anytime.
Logic holds that businesses that can’t keep up will be left behind.
Just to keep pace, businesses must develop organizational agility, and it’s absolutely critical if they want to do more than just survive.
Organizational agility means being able to move quickly and decisively, and one of the biggest obstacles is unproductive, time-wasting meetings. They start late, run long, and don’t achieve much. But meetings are the backbone of an agile business.
Here are some tips for developing agile meetings with traction:
Map your meeting: Create a standing agenda and a master spreadsheet with tabs relevant to each agenda item with the expected inputs, throughputs, and outputs. That way, the meetings are easy for the chairman to run because everything is crystal clear.
Set the mood: Set the tone for the energy level by playing a video or music. You can tell a story, read a quotation, or be unpredictable and create a surprise factor.
Spark creativity: Frame the purpose of the meeting as a question: "How do we best . . . ?" Questions get the human brain thinking more quickly.
Document the action live: Instead of taking notes, editing them, and distributing them afterward, save time by capturing everything electronically in real time. You can project action items for all to see during the meeting, and keep them in a master spreadsheet hosted on your server for easy access by all.
Time box everything: Meetings should last forty-five minutes, from five minutes after the hour to ten minutes before the hour. Allot time for each agenda item, especially for presentations. Get people used to the fact that you’ll guillotine anything that runs over. When you challenge people to figure out how to get things done in the time allotted, you’ll be amazed at how they can.
Leverage wall space: Wall space is one of the most underutilized assets in your business. Have the standing agenda on the wall, creative problem-solving frameworks, your core values, key elements of your strategic plan, inspirational quotations, etc., all in a format large enough for you to refer to during the meeting.
Generate input: Have everyone take a minute to write down an idea relevant to the agenda item. Go around the table and allow each person to share his or her idea, or break into pairs or triads to discuss the ideas and report back. (Remember to allot time for each step of the process.)
Get fast consensus: Once the options are on the table, facilitate the group toward fast decisions with statements and questions like: “I’m leaning toward this . . .”; “Does anyone have a violent objection to that?”; “Can everyone get behind that?” Then move them into fast action: “How would we best do that?”
Agility is the ability to be constantly looking for opportunities to move forward toward goals while planning for problems. It’s being able to capitalize on fleeting opportunities, rebound from problems, and make decisions on the turn of a dime.
That doesn’t happen in businesses where executives and workers are bogged down by burdensome systems and procedures and time-wasting meetings stuck in minutiae. Instead of shooting forward when they press on the gas, they go into a futile “wheelspin.” Creating agile meetings is one big step toward creating an agile organization that’s in traction.
About the author
Mike Richardson is president of Sherpa Alliance Inc., a management support business; and a chair with Vistage International, a global collaborative of CEOs. He is the author of Wheel$pin: The Agile Executive's Manifesto – Accelerate Your Growth, Leverage Your Value, Beat Your Competition. Mike holds an MBA from London Business School and is an adjunct faculty member at the University of San Diego Business School. A former Shell Oil petroleum engineer and board member overseeing three automobile dealerships, he led the Aerospace Division of Spirent PLC in Britain.
You may like these other stories...
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the IRS’s filing...
You can read volumes on how to manage an accounting practice. But if you want the quick version, just read the following four points. Everything else is just commentary. (These points come out of the 1997 book, The...
There is a growing trend of accountants moving away from traditional compliance work to more advisory work. Client demand is there, but it is up to the accountants to capitalize on that. What should accountants' roles be...
Upcoming CPE Webinars
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.