A meeting of multiple time-starved executives is a massive commitment of resources. Focusing on low-stakes issues, like updates or presentations, often wastes valuable time. Instead, meetings among senior leaders should tackle the organization’s most critical issues.
Whether you’re a top executive or just meeting with fellow managers, try to concentrate on:
Fundamentals, not incrementals.
Measure importance by the number of zeros involved: Is this a $5,000 decision or a $5,000,000 decision? If there aren’t enough zeros, the decision isn’t strategic enough to absorb time.
Current leadership must engage the organization’s up-and-comers to grow the company. Develop succession plans and include promising leaders in strategic discussions to foster their high-level decision-making.
Whether it concerns a division’s performance, the CEO’s leadership style, or a conflict among the senior team, important topics not being discussed can hold your organization back. Broaching these tough topics is a proven way to improve performance.
Adapted from “Four Areas Where Senior Leaders Should Focus Their Attention,” by Peter Bregman.