What differentiates a high stake meeting from an ordinary meeting?
For starters, it's the attendees. High stake meeting attendees share a set of common characteristics in that they:
Serve as high-level decision makers
Have competing interests with the other attendees
Exert influence over others?both within and outside of the meeting
Have vested personal and/or professional interests in the meeting issue(s)
Beyond the profile of attendees, high stake meetings are also characterized by the nature of the meeting content
Multiple, interdependent decisions with long-term consequences; highly technical issues; issues involving strongly held and diverse opinions; and major organizational financial investments are common examples (i.e., meetings that involve mergers, acquisitions, and IT system integrations.)
Not surprisingly, ineffective high stake meetings are costly. Beyond time lost, funding may be jeopardized and progress may be stalled. Damage control may be necessary and setbacks occur as a result of unsuccessful high stake meetings.
Regardless of sector or setting or ultimate capital value?if you have identified a meeting as ?high stake', it merits your time and effort to safeguard its success. Begin by ensuring that your meeting process accomplishes these four essential engagement strategies:
Level the playing field
Get and keep everyone on board
Maximize understanding of the issues
Unlock the knowledge in the room
For insight on these engagement strategies and the vital role they play in achieving better meeting outcomes, check out this 5 minute VideoScribe.
About the author: Robin Hendricks, M.Ed., CEC, is an Executive Coach and Certified LEGOŽ SERIOUS PLAYŽ Facilitator who specializes in leading organizations through transition, transformation, and expansion.