They are a good way to break people who think they need daily meetings of the need. Doing it standing up prevents the kind of bloviating that the daily meeting types need, so that the only things you say are the things you need to say. It's basically the least wasteful way of doing a meeting where all you are really doing is exchanging status updates. For meeting where you actually need to work over issues and discuss things in depth, it's not appropriate.
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They are a good way to break people who think they need daily meetings of the need. Doing it standing up prevents the kind of bloviating that the daily meeting types need, so that the only things you say are the things you need to say. It's basically the least wasteful way of doing a meeting where all you are really doing is exchanging status updates. For meeting where you actually need to work over issues and discuss things in depth, it's not appropriate.