Meetings have long been considered an indispensable tool for coordination, communication and decision-making in the business world. They promote collaboration and enable direct interaction between team members. However, in recent years there has been a growing criticism of the overuse of meetings.
Mark Cuban: “Meetings are the biggest time waster”
Mark Cuban, a well-known investor, Dallas Mavericks owner, television personality and business leader, made his opinion on meetings clear in an interactive live stream on the Fireside platform. For him, they are the biggest time waster in the working world. He finds that meetings often take up more time than they should and get in the way of a company’s productivity.
Cuban says the key to his success is rigorous time management and he sees meetings as an obstacle to controlling his own schedule. Cuban further explains that people meet too often and make too many calls, which takes up a lot of time. One of his concerns is that many meetings are distracted by trivial small talk instead of working through a productive agenda.
Cuban’s criticism of meetings is not new. He even shared that early in his career, he removed chairs from the conference room so that everyone in attendance would have to stand in order to speed up meetings. This tactic didn’t catch on, but it shows Cuban’s attitude that meetings must be efficient and focused.
Cuban prefers to communicate business matters via email because it allows him to better control his time. He emphasizes that he can answer emails on his own schedule without having to arrange everything around other people.
Saying that Elon Musk and Jeff Bezos for meetings
But it’s not just Cuban who has strong opinions about meetings. Other successful entrepreneurs such as Elon Musk and Jeff Bezos also have their own approaches. Elon Musk, CEO of Tesla and SpaceX, has his own guidelines for effective meetings, according to electrek in a 2018 post. He raises concerns about “excessive meetings” and suggests reducing the number of participants and avoiding large meetings. He advocates keeping meetings short and only holding them at short intervals when a topic is particularly urgent.
Musk emphasizes that it is acceptable to leave a meeting if your participation is not beneficial and reminds that the costs of meetings can be significant, electrek continued. Therefore, they should be well considered and valuable for the company.
Jeff Bezos, founder of Amazon, has also developed unconventional but interesting methods to make meetings more effective, as Capital reports in an online post. He introduced the “two-pizza team rule,” where group sizes are limited so that two pizzas would feed them. Additionally, Amazon meetings often begin with a silent reading session of a six-page memo to set the tone for the topic of conversation. Bezos believes this is much better than the typical Powerpoint presentation and ensures everyone has read the memo by devoting the first half hour of the meeting to it.
D.Maier/editorial team finanzen.net
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