A day seldom goes by when we don’t read about the ouster of a chief executive officer, owing to a failure to produce promised results, a merger that falls apart, a product launch that does not to live up to its hype or a technology meltdown.
Companies like Hewlett-Packard, J.C. Penney, United Airlines’ no-frills carrier Ted, Gap Inc., and many others come to mind. The single most common reason for being turfed? A failure to execute, of which there are several causes….
3. Unproductive meetings
Too often, meetings occur where attendees either discuss mundane, pointless subjects that don’t affect the overall success of the project and waste everyone’s time, or where consultant firms present findings yet participants leave the meeting without a precise commitment to implement the agreed-upon game plan. Meetings need to have an adhered-to agenda, as well as start and finish times with which everyone complies. If someone is late, shut him or her out, and it won’t likely happen again.