This article is part of DBA, a series on Mashable about running a business that features insights from leaders in entrepreneurship, venture capital and management.
Unproductive meetings have reached epidemic status in America.
Bain & Company, using analytics tools from VoloMetrix, examined the time budgeting of several large corporations. The research found that big U.S. companies are wasting millions of dollars on unproductive hours. For one business in the study, management meetings "ate up" about 300,000 hours, or the equivalent of one executive working full-time for 144 years.
So how did we fall into this trap? Let's look at a few typical stages of business growth to help us understand: