A one-hour meeting with eight people is an 8-hour meeting.
It’s ludicrous that a $5KK expense budget requires a tiresome justification and sign-off by senior executives, but gathering a bunch of well-paid professionals to dawdle away for a few hours and burn the same money in low-value interactions is totally unchecked. Besides, no one seems satisfied with the quality of the output of these ‘decision meetings,’ let alone committed to following through.
Idea for Impact: Want a better decision? Plan a better meeting! Treat time spent in meetings consciously by emphasizing decision-making over information-sharing.