Advantage: Information Sharing
A key advantage of business meetings, from those held within the office among staff to meetings between a company and its client, is that it provides an opportunity to share information. This could be as simple as sharing updates on financials or recognizing new employees to more complex issues, such as contract negotiations, new client presentations or addressing problems with an account. An actual meeting pinpoints a time and place to have in-depth discussions without other distractions or work getting in the way.
Disadvantage: Time
Business meetings can be a serious drain on company productivity. When staff has to spend time in meetings, then that's action that is not being taken to meet company goals and objectives. And the more staff involved in meetings, the more this lack of productivity can affect the company's output on any given day. For this reason, many companies try to limit the amount of time that employees spend in meetings, unless such gatherings are meant to generate new revenue for the company -- think sales prospecting meetings or client interactions.
Related Reading: Advantages & Disadvantages of Business Rules
Advantage: Encourages Teamwork
Business meetings are the perfect environment for encouraging teamwork, be it among staff or between client and account manager. It provides a forum with which to set team goals and brainstorm ways to meet them, considering input from everyone in the meeting, versus just one person. When the meeting is between client and company rep, the teamwork may happen in the form of feedback, when the client may suggest certain things, to which the other party may respond and go back and forth in a dialogue until a consensus is reached.
Disadvantage: Lack of Leader
Another potential disadvantage of a business meeting is a lack of a leader to run the show, so to speak. This may result in a deviation from the agenda, or a lack of one altogether, which in turn makes the meeting run much longer than it should. Moreover, without a clear leader to run the meeting, no one quite understands the rules of the meeting -- waiting until the end of presentations to ask questions or leaving discreetly if an immediate need must be addressed, for example. Alternatively, there may sometimes be several leaders, making it confusing to know who is spearheading the meeting, and leaving no one person responsible for moving things along
Advantage: Information SharingA key advantage of business meetings, from those held within the office among staff to meetings between a company and its client, is that it provides an opportunity to share information. This could be as simple as sharing updates on financials or recognizing new employees to more complex issues, such as contract negotiations, new client presentations or addressing problems with an account. An actual meeting pinpoints a time and place to have in-depth discussions without other distractions or work getting in the way.Disadvantage: TimeBusiness meetings can be a serious drain on company productivity. When staff has to spend time in meetings, then that's action that is not being taken to meet company goals and objectives. And the more staff involved in meetings, the more this lack of productivity can affect the company's output on any given day. For this reason, many companies try to limit the amount of time that employees spend in meetings, unless such gatherings are meant to generate new revenue for the company -- think sales prospecting meetings or client interactions.Related Reading: Advantages & Disadvantages of Business RulesAdvantage: Encourages TeamworkBusiness meetings are the perfect environment for encouraging teamwork, be it among staff or between client and account manager. It provides a forum with which to set team goals and brainstorm ways to meet them, considering input from everyone in the meeting, versus just one person. When the meeting is between client and company rep, the teamwork may happen in the form of feedback, when the client may suggest certain things, to which the other party may respond and go back and forth in a dialogue until a consensus is reached.Disadvantage: Lack of LeaderAnother potential disadvantage of a business meeting is a lack of a leader to run the show, so to speak. This may result in a deviation from the agenda, or a lack of one altogether, which in turn makes the meeting run much longer than it should. Moreover, without a clear leader to run the meeting, no one quite understands the rules of the meeting -- waiting until the end of presentations to ask questions or leaving discreetly if an immediate need must be addressed, for example. Alternatively, there may sometimes be several leaders, making it confusing to know who is spearheading the meeting, and leaving no one person responsible for moving things along
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