Schedule your meeting for first thing in the morning to lessen the chance of interrupting tasks. Task switching consumes up to 30 percent of the average worker's day. And always include an end time.
Stay Focused
Have a clear agenda, and appoint someone to "run" the meeting and help avoid time-consuming digressions. If you get stuck on one area, jump in and say, "Hey all, not to interrupt, but to respect everyone's time, let's move on to the next topic." Then restate the abandoned issue as concisely as possible, and identify one person to continue pushing for resolution after the meeting.
Bring It Home
Go over the commitments people have made for each item on the agenda, and recap every point in an email to the group.
For more insight on how to cut the blabber and wrap things up fast, take a look at Tim Ferris' The 4-Hour Workweek.
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