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Business meetings consume a lot of time, cost, effort and brainpower. Some would allege that they take up too many resources for the pay back. What is undoubted is that an accurate record of the meeting is crucial. Just remind yourself how often selective memory kicks in after a meeting and action points get missed. This is an important role, often delegated to the most junior person with neither training nor support. This is usually obvious in the quality of the finished document and the time it takes to produce.
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