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Make sure you have the right people in the room, and that they have done their homework.
Make sure everybody knows what the meeting is for.
Considering having it standing up.
Ensure that the goal, agenda are relevance and been circulated in advance to the right participants as will as the venue, schedules and materials needed are organized ahead of time. Must have a good facilitator to assist the discussion focus mainly to the agenda and goal of the meeting, to push and persuade the participants to surface ideas, suggestion and question to come up a sufficient solution of the problems if there is or anything pertaining to the purpose of the meeting.
Plan the agenda for meeting to discuss.
Discuss the points of agenda one by one and record the decisions and solutions made in the meeting
record the minutes of meeting
circulate the minutes and mentioning the deadlines if any agreed or made in the meeting.
Above are the few important points to make an effective meeting. Thanks.