Humans are inherently social beings; our instinct to meet in order to strategize and share ideas predates modern civilization, let alone office culture.
As knowledge work boomed in the mid-20th Century, businesses gradually moved away from command-and-control style leadership towards collaboration. Meetings became the best process to allow the coming together of ideas, inspiring innovation.
Once video-conferencing technology became more sophisticated, meetings were no longer constrained by room size or office hours.
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