Anyone following major trends in business has seen the Collaboration trend. Organizations are flattening out and moving towards a more team-oriented approach with less hierarchy and more cross-section work experiences. I think it is a great movement, away from the hierarchy-based, bureaucracy-laden, creativity-killing ways businesses had been run in previous decades.
One of my favorite aspects of my job is discovering new workflows and new ways of using software in order to accomplish the same task. Systems should be designed to be flexible (to a point) to accommodate some of these different desire paths; it boosts customer satisfaction and loyalty.
Much digital ink has been spilled going into things that are important to recruit younger talent to your workplace. Add these to the professional development and career advancement/mobility at your organization and I believe you will be in top form to recruit great talent.
The focus on this kind of meeting plan is on having better meetings; meetings where you actually answer the questions you need to answer and solve the problems you need to solve free from distractions and tangents.