There are costs associated with each meeting, both direct and indirect. As a business, there must be an expected return on investment of those costs, and the return should be substantially greater than the amount that the company is paying to hold the meeting in the first place.
If someone came to you and asked for an authorization to spend several hundred dollars on a piece of machinery or a project, you would want to know exactly what value you would receive and how the company would benefit.
When you convene a meeting, you have to recognize that the cost of the people in that meeting can be enormous. A simple way to determine the cost is to multiply the hourly income of the participants ...