That’s the core finding of a team of scholars from the London School of Economics and Harvard Business School. They’ve been collecting information on the schedules of more than 500 CEOs from around the world, according to a recent report in The Wall Street Journal.
“In one sample of 65 CEOs, executives spent roughly 18 hours of a 55-hour workweek in meetings, more than three hours on calls and five hours in business meals, on average,” the Journal noted. “Working alone averaged just six hours weekly.”
We’ve mentioned meetings often (here, here and here, for example), not least because Peter Drucker found them to be big potential time-wasters. But he also knew that they didn’t have to be that way. The key to successful meetings, in Drucker’s eyes, was to make sure that they became “work sessions rather than bull sessions.”
In The Effective Executive, Drucker put meetings into the following categories, and also offered some specific operating instructions for each:
- “A meeting to prepare a statement, an announcement, or a press release. For this to be productive, one member has to prepare a draft beforehand.”
- “A meeting to make an announcement—for example, an organizational change. This meeting should be confined to the announcement and a discussion about it.”
- “A meeting in which one member reports. Nothing but the report should be discussed.”
- “A meeting in which several or all members report. Either there should be no discussion at all or the discussion should be limited to questions for clarification.”
- “A meeting to inform the convening executive. The executive should listen and ask questions.”
- “A meeting whose only function is to allow the participants to be in the executive’s presence. . . . .There is no way to make these meetings productive. They are the penalties of rank.”
From there, good executives “sum up and adjourn”—and then they follow up. Alfred Sloan of General Motors always wrote up a summary of the main points and the conclusions reached at a meeting and sent a copy to everyone who’d been present. Said Drucker: “It was through these memos—each a small masterpiece—that Sloan made himself into an outstandingly effective executive.”
How do you make sure meetings are “work sessions” rather than “bull sessions”?