Time is a "critical organizational resource," which many companies worldwide do not know how to manage. According to a Bain & Company report, consultants spend an estimated "15% of the total management time [at] meetings [where], in many cases, a follow-up is required and no meaningful results are achieved." Yuri Spektorov, a Bain & Company partner, particularly stressed how "Russia still has a long way to go." "At major Russian companies, time is wasted both during the meetings and, frequently, waiting for the meeting to take place," he noted. "Each participant must know his moves and be accountable for his particular area."