What is Business Meeting? Meeting is one of the major media of oral communication. In general sense a meeting is a gathering of two or more persons with the view of making decisions through discussion. It is an assembly of people does decide on some preset issues.
If there is no meeting in a business to sort out the basic issues or to boost the range of the business, then it may cause a massive loss or a great miscommunication among the top authorities.
All those people, who participates in business meeting are known as the participants of business meeting. There are many purposes of scheduling a business meeting. The primary purpose of any meeting is to address the issues, which affect the productivity and operations of a company.
Such issues can cause a decrements in the net profit or can be a reason to lose the reputation of the company. To achieve the primary goal of the meeting, the leaders should take hard actions to make a meeting effective. Generally, the following are the most common purposes for calling a meeting.
For sorting out any conflict For negotiating about an agreement or a contract, or anything relative For dealing with the current problem in a business For getting a report for the purpose of review and assessment To check the current position of the business In a Business, most of the meetings are arranged for discussing any particular issue with the Board of Directors, an accountability partner or business partners.
While on the other hand, business meetings can also be called to check the cash flow statement, income statement and the balance sheet of the business.
Types of Business Meeting According to the experts in the field of business, there are three types of business meetings, i. Shareholders Meeting The meeting, which is held to meet the shareholders of the company, is called as shareholders meeting.
Further, following are a few divisions of a shareholder meeting. Statutory Meeting As per company laws, a company has to arrange a meeting after receiving the letter of commence. The meeting has to be arranged one month after the first six months of the company. Statutory meeting is held only once in the whole span and is the first most meeting of any company.
It is necessary to give an advertisement at least 21 days before calling a statutory meeting. The decision taken in a statutory meeting is known as a statutory decision. Annual General Meeting It is necessary for any company to call the first general meeting within 18 months after getting registered as a company.
Following the sequence, general meetings are called every year after the first one. There should not be a difference of more than 15 months in two general meetings. Those decisions that are the result of an annual general meeting are known as general decisions.
Xtra-Ordinary General Meeting This type of meetings can be scheduled anytime on the demand of the Board of Directors or shareholders. Legally, one tenth of shareholders can arrange this meeting on demand. There is not any scheduled time for this type of meetings according to the company law.
The decision, which is taken in an extra-ordinary general meeting, is known as a special decision. Directors Meeting There is a range of meetings arranged in a business or a company. The meeting that is held among the directors of the company is known as a directors meeting.
Usually, calling a directors meeting may lead to a gigantic change in a company. There are two kinds of Directors Meetings i. Board Meeting and Committee Meeting. Board Meeting As per article of association, Board Meeting is such a meeting, which is held between the directors of the company.
The company is obligated to arrange a board meeting anyhow once in a month or at least four times in the span of a year according to the company law. Every director has right to cast one vote.
Committee Meeting As stated in the article of association, the Board of Directors forms a special committee with a few directors to achieve or fulfill any special task.
The meeting, which is held between the members of the committee for any purpose is called a committee meeting. Special Meeting When any meeting is arranged about any special issue or challenge is called special meeting.
This meeting is called by the company through special invites.Alan Thompson writes about entrepreneurship and business innovation. In the following article he describes the purpose of business reports. He also lays out six steps to follow in creating a business report.
Purpose of Meetings What is a Meeting? A meeting is where a group of people come together to discuss issues, to improve communication, to promote coordination or to deal with any matters that are put on the agenda and to help get any jobs done.
What is Business Meeting? Purposes of Business Meeting. By bizcom_coach | September 27, 0 Comment. Managers or heads of various departments call these types of meetings for the fresher so that they can be better acquainted with organizational culture, mission, vision, plans etc.
What is Business Report or, Definition of Business.
According to the experts in the field of business, there are three types of business meetings, i.e. shareholders meeting, directors meeting, and special meeting. Shareholders Meeting The meeting, which is held to meet the shareholders of the company, is called as shareholders meeting.
A department planning to revise the company website would meet with content owners and others who rely on the Internet for business purposes to get their input about the process.
Meeting Outcome. There are many purposes of scheduling a business meeting. The primary purpose of any meeting is to address the issues, which affect the productivity and operations of a company.
Types of Business Meeting. According to the experts in the field of business, there are three types of business meetings, i.e. shareholders meeting, directors.