MEETINGS What is a Meeting A meeting is a coming together of (generally) three or more people to exchange information in a planned manner and discuss issues set out before them to arrive at decisions, solve problems, etc. A meeting can be formal or informal. As regards a formal meeting there are set rules for convening it and conducting it, with a written record of its proceedings. It requires a notice which is a call, an invitation to attend it. It has an agenda or list of things to deal with, and the outcome is systematically written in the form of minutes. An informal meeting can be without any written notice, for instance, a staff union meeting in the lunchroom to discuss a picnic. A meeting has a convener who calls it and a leader or chairperson who directs it. Understanding the different types of meetings This note explores the types of meetings, and how each can be utilized by leaders who perceive meeting management as a way to enhance their companies’ efficiency, productivity, and profitability. As the English saying goes ‘horses for courses’ - and meetings are no different. They are inseparable from corporate life, but it is important to choose the right types of meetings for each specific purpose. Different types of meetings play pivotal roles in varying areas of business. However, meetings are, all-too-often, poorly managed, and as a result, the types of meetings that are used often are not fit for purpose. Many of us are accustomed to having too many meetings and very few executives are given the necessary training to address meeting management specifically, which perhaps explains why so many struggles to manage meetings effectively. Mastering meeting management is key to establishing competitive advantage, and the first step to conquering any discipline is to understand it. As meetings are so ubiquitous, it is challenging to dedicate the necessary time to fully understanding the nuances of the different types of meetings and their functions. In this note, an introduction is given to the types of meetings, exploring how each can be utilized, in the hope that busy leaders can begin unpicking their approach to meeting management to begin putting their meetings to good use, enhancing their companies’ efficiency, productivity, and profitability. Formal vs. Informal Meetings Before we dive into the specifics of the different types of meetings, there is one significant distinction that we should start with: Formal vs. informal. The large majority of meetings fall into the meetings, despite what most people think. meetings are held far less frequently but have impact. Let's establish a working definition of a category of informal By contrast, formal perhaps the greatest formal meeting: A formal meeting is any pre-arranged meeting between two or more people which: Takes place for achieving a common, stated objective Takes place at a designated date, time, and location Follows a clear meeting agenda Is recorded in meeting minutes to recount discussions, votes, and action items. However, an informal meeting is any meeting between two or more people which does not satisfy all of the above criteria. From this, you can see that the large majority of business meetings that take place are informal meetings, which is contrary to conventional wisdom. Formal meetings: From strategy to progress With our working definition of formal meetings, we can look deeper into the different types of formal meetings that are commonly held in the world of business. These include: 1. Management Meeting Perhaps the most frequently-held formal meetings are management meetings. These happen at different intervals depending on the organization but are usually either monthly or quarterly. In these meetings, the meeting agenda will usually include an update from each department on performance, evaluations of annual goals and targets, and votes on key decisions, such as the implementation of new software or the hiring of a new member of the leadership team. In enterprises, these meetings will usually be led by a Chief Executive Officer and will include other members of the top tiers of management, including VPs or the C-Suite. Minutes for these meetings are recorded, and in some cases are distributed (in redacted forms) to the wider organization so that everyone remains aligned. 2. Board of Directors meeting A company's Board of Directors is accountable to shareholders and is responsible for having oversight of a company's performance. As with management meetings, these are held at different intervals but are typically quarterly or bi-annual meetings that comprise individuals who either have a vested interest in a company's performance and can provide specialist input to the way an organization is run. These individuals often hold more than one board mandate, and therefore are exceptionally time -scarce. Therefore, these meetings need to be well-organized and very structured, giving ample time for individuals to prepare thoroughly. 3. Committee meeting In many organizations, committees are formed around specific issues that require more attention than can be adequately given in a Board of Directors meeting. These committees will meet more regularly than the board does and will report on their progress at each BoD meeting. They will usually comprise members of the board, along with subject-matter experts in the area that they are formed to work upon. For example, a Board of Directors might assemble a specialist committee around digital transformation, to overhaul an organization’s approach to IT and its infrastructure. As such, it would be sensible to include a Chief Digital Officer in this committee, even though they might not sit on the board of the organization. 4. Shareholders' meeting A shareholder's meeting, also known as an annual general meeting (AGM) in some cases, is a meeting of all of those with a financial interest in an organization. These usually happen either annually or bi-annually and are an opportunity for the leadership of a company to give a progress update, as well as a chance for shareholders to ask questions of the management. The overall objective is to report on the performance of the organization in the prior period, and outline the strategy for the next, to gain the shareholders' buy-in. 5. Strategy meeting Strategy meetings can be held at various levels within the management of an organization. In some cases, a strategy meeting might form part of a regular management meeting, however, it is, more often, a separate formal meeting that is held either annually or quarterly between the leaders of an organization. The purpose of this meeting is to determine the organizational strategy for some time (often the year or quarter ahead) and involves the most senior stakeholders from each department or division, who then cascade the strategy down to their areas of expertise. Informal meetings: Key to culture and teamwork Informal meetings represent the large majority of meetings that take place in the world of business. Whether it is a regular 1:1 with a manager or a catch-up with a colleague over coffee, these meetings are not only ubiquitous, but are crucial to the performance, culture, and employee experience of an organization. In contrast to formal meetings, they do not always have a robust agenda, and no minutes are taken, however, this does not undermine their significance to the way a business functions. The different types of informal meetings 1. Brainstorming As the adage goes, “two heads are better than one”. Gathering with other individuals to brainstorm ideas is something that has taken place for millennia, and while the processes that surround these interactions have grown more sophisticated with time, the fundamentals remain unchanged. A brainstorming meeting often includes a range of stakeholders, either from within a department or across functions, the objective of which is to put fresh ideas on the table and discuss them as a group. These discussions usually take place around a given topic, such as the development of a new product or planning a new marketing campaign. The different points of view help the driver of an initiative to refine their approach and their understanding, as well as inject creativity into the process. 2. Problem-solving Problem-solving is a part of daily corporate life for nearly everyone, and so it follows that problem-solving meetings are a mainstay in your diary. Problem-solving meetings are informal, but they are no less important as they help reduce roadblocks and enable initiatives to be driven forward. Ordinarily, they would include subject-matter experts in the area being discussed, as well as members from a project team or department who are facing the issue in question. The outcome of this meeting will, in many cases, be a clear route forward or a clearer idea of who to involve to surpass the obstacle in question. 3. Training Training is another type of informal meeting that - in many cases - is incorrectly classified as a formal meeting. While training might satisfy some of the criteria that fall under formal meetings, it does not usually involve writing meeting minutes and instead is a collaboration between whoever is training, and their trainee, to ensure that knowledge is imparted. 4. Progress updates If organizations are to be productive and achieve, then evaluating progress is vital. Therefore, holding specific meetings for progress to be reported upon is highly recommended. As opposed to general management meetings, progress update meetings will involve a wider range of stakeholders who are responsible for driving different initiatives. In these meetings, they will each take it, in turn, to report on the progress that has been made, the blockers that have arisen, and the projected timeline for the remainder of the initiative. These meetings should be held reasonably regularly - likely monthly – however, if your organization works in weekly or fortnightly sprints then it might make sense to hold these meetings more regularly. 5. Team Building Another type of informal meeting that is integral to organizational success - especially in times of remote working and hybrid meetings - is a team-building meeting. In team-building meetings you have the opportunity to connect with your team, and for your team to connect, as human beings. While this is a great way to ensure that you are all aligned behind a vision and mission, it is also just as important to mix in some fun. Ice breakers are a good way to get the relaxed atmosphere established, and it can also be a nice idea to include some games and an opportunity for coffee - or even a few drinks. 6. Coffee chats Coffee chats are often overlooked as a type of meeting when really, they are crucial to developing and maintaining your organization’s culture - especially during times of remote working. A coffee chat is a 15 or 20-minute conversation between two people to introduce themselves, have a general catch-up, and connect as human beings. They are a great way of getting to know people from across your organization - many of whom you don’t have the opportunity to interact with during your day-to-day work. In distributed or remote teams, these conversations replace the infamous ‘watercooler conversations’ which are often lost when employees are no longer co-located. By taking a short break in your day to have a virtual coffee with someone you perhaps don’t know as well, individuals are helping to foster and bolster the culture of the organization and create connections that wouldn’t otherwise exist all of which are good for business. Effective Meeting Management: Horses for courses It is important to choose the right types of meetings for each specific purpose. Therefore, when arranging a meeting - whether formal or informal - it is important to think about the meeting design, the objectives of the meeting, and whether the type of meeting you are arranging is fit for the purpose. For example, as a leader, arranging a coffee chat to receive an update on the progress of an initiative will not necessarily be received positively by your team members as they will feel blindsided, and using time in your formal management meeting to have general catch-ups with colleagues will also likely frustrate rather than delight other meeting participants. Therefore, it is essential that you recognize the different types of meetings that are available - think of them as tools at your disposal and select the most appropriate forum for the objectives you are trying to achieve. CLASSIFICATIONS OF MEETINGS: Meetings are broad in three forms: (i) Informative, where the purpose is to give information to the participants about a new scheme, product, etc. (ii) Consultative, in which the members are consulted to solve a problem. (iii) Executive, in which decisions are taken by those empowered to do so. In practice, most of the meetings serve more purposes than one. Some additional classifications of meetings are – meeting for negotiation purposes, meeting for giving instructions, etc. Purpose of a meeting: The purposes of holding meetings are listed here in a skeleton form: To reach a common decision/agreement To solve a problem To understand a situation, exchange ideas and experiences To inform, explain, and present ideas To give and get feedback on new ideas To give training To plan and prepare for action To resolve differences and misunderstandings To generate enthusiasm and seek cooperation To review past performance and evaluate it To create a feeling of continuity and solidarity in a body’s work. In this mechanical age, the union is strong, and united work is done using meetings. It is estimated that worldwide, millions of meetings are conducted every day, and their number and usefulness are on the rise. That is why although many negative remarks are made about the use of meetings; on the whole, we find that meeting is a useful device for collective decision-making and action. Advantages of Meetings: (i) Save time: Since one can meet several people at a time interactively, a meeting can save time. (ii) Addressing groups: One can divide the audiences according to their background and need, and address them, group, by the group. (iii) Cope with information explosion: New technology and new regulations are coming thick and fast. Meetings enable us to cope with this situation. (iv) Social and emotional support: Members get personal support from each other when they meet and exchange ideas. (v) Feeling of being consulted: Members get the feeling that they have been consulted and this is useful in getting their intelligent and willing cooperation. (vi) Democratic functioning: Democracy aims at achieving all people’s welfare through all people’s involvement. This is possible through meetings. (vii) Idea development: Ideas are systematically cross-fertilized, analyzed and improved by a group. (viii) Defusing troublemakers: By the collectivity of constructive forces, troublemakers can be isolated in a meeting and positive action got going. The opponents of a plan get a forum to voice their opposition, which can be overcome before a group of supportive people. (ix) Bolder decisions: Collectively we can take more adventurous decisions because of united strength. (x) Various interest groups represented: In a meeting, many interest groups can be represented and minorities can also be given due attention. (xi) Preventing mistakes: A meeting helps to avoid mistakes by a collective and many-angled focus on issues. Disadvantages of Meetings: 1. Time-consuming: Meetings require several people to come together at the same time and place. This costs time because other work has to be set aside for the sake of the meeting. 2. Inability to arrive at a decision: Just as “two heads are better than one,” it is also true that “too many cooks spoil the soup.” The multiplicity of views and personal stubbornness of members may prevent a meeting from deciding that a chief executive may take alone. 3. Lack of seriousness: Many meetings suffer from the drawback that members come unprepared and feel that the others will do the thinking and talking. They feel they can take a free ride. “Everybody’s job is nobody’s job.” 4. Inexpert chairing: Just as an airplane is steered by a pilot, a meeting is piloted by the chairperson. His lack of skill and personal failings/biases may fail a meeting. 5. Expensive: Meetings are expensive to arrange – they require a place, paperwork, prior communication, and travelling by the attendees. 6. Open to disruption: A meeting is prone to be disrupted by an element that is opposed to its objective. There are times when one passenger’s refusal to adjust himself delays the entire flight. The same for meetings. The spirit of give-and-take may be missing in some participants.