How To Run Efficient Meetings

Have an agenda. Prepare a written agenda for the meeting and distribute it to the participants before the meeting.
Start and end the meeting on time. Every meeting should have a definite starting and ending time.
Keep the discussion on track. Don't let the meeting drag. Follow the agenda. Don't let the discussion wander off of the subject, or allow it to take more time than necessary. People lose interest quickly if things move slowly. Make sure the program proceeds at a stimulating pace.
Encourage everyone to partiicpate. No one person, including you, should dominate the discussion. A good facilitator makes sure everyone contributes ideas.
Make certain the meeting's purpose is accomplished. Keep discussion centered on the problem, and make sure that decisions are made. Then make sure everyone understands the decision and any action that needs to be taken.