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How Do You Measure Success?

https://mfishbein.com/how-do-you-measure-success/

mfishbein.com

How Do You Measure Success?
Wealth, job title, and happiness are some of the most common measures of success. It's important to measure success the right way because it informs how you spend your time and effort. If you don't measure success in terms of what's truly important to you, you can't work towards getting there.

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Peter Drucker

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Discover Your Values

Being able to achieve a success metric is hard, but knowing which metric to achieve is even more important. Discover what you value and choose your own metrics for success, otherwise, your environment will dictate it for you, which could be unfulfilling for you.

Work towards your own idea of success and don’t let “FOMO” make you feel like a failure because you’re not meeting someone else’s metrics for success.

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Peter Drucker
“There is nothing quite so useless as doing with great efficiency, something that should not be done at all.”

Peter Drucker

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Compare Yourself Only To Yourself

Social comparison bias explains that our judgments are often influenced by comparisons to other people. A benchmark makes it easier to make a judgment, but it will not necessarily be a reasonable or more accurate judgment.

Don’t measure yourself by what you’ve accomplished, but rather by what you should have accomplished with your abilities. True success is attained only through knowing you did your best to achieve your potential. 

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John Wooden

“True success is attained only through the satisfaction of knowing you did everything within the limits of your ability to become the very best that you are capable of being.”

John Wooden

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Measure What’s Hard To Measure

It’s easy to measure financial success. You can see a number in your bank account and compare it to others’ bank accounts.

But many important things for a satisfying life, like mental and physical health, relationships, freedom, and fulfillment are harder to measure. Nevertheless, you should incorporate some qualitative analysis into how you measure success.

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Measure Results Over The Long-Term

Success usually takes many failures to achieve. So don’t use immediate tangible results to define success. Consider what you’ve learned and how it will help you succeed in the future.

Don’t define yourself solely by your current circumstances. Consider who you are becoming.

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Measure Outcomes, Not Proxies

It’s easy to measure proxies for success. Secondary metrics don’t always translate to business results and care must be taken so they don’t become a proxy for actually knowing and fulfilling your customers’ needs.

Do what helps you achieve success and measure success in terms of the outcomes you’re trying to achieve.

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Learn And Iterate

Dynamic inconsistency is a situation where the best plan for the future is not optimal when that future period arrives. We and our environments change and so must our concept of success.

Change how you measure success as you change as a person, else you risk wasting your efforts and even failure.

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Measuring Employee Productivity

Measuring Employee Productivity

Fixing employee productivity in the industrial age, when most workers were handling machinery and it’s parts, was a tedious but doable process. The managers had to fix the people who were making mi...

The Old Productivity Formula

The basic productivity formula(productivity= output divided by input) worked well in the industrial age as the output and input were clearly defined and measurable.

Today’s leaders need innovative solutions to measure and improve productivity in a knowledge-based workplace, as the measurement of output and input is not what it was.

Quality And Quantity

While assigning value to the output of knowledge workers, we cannot simply measure the output like before.

Coders and doctors cannot be measured by the hour, as their output is not uniform or consistent every hour.

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What Deep Work Is

A process of performing “professional activities…in a state of distraction-free concentration that pushes your cognitive capabilities to their limit. These efforts create new value, improve ...

Shallow work

The non-cognitively demanding, logistical-style tasks, often performed while distracted, tend not to create much new value in the world and are easy to replicate.

Recognizing our limited willpower

...is the first element of deep work.

That means you won’t have the mental discipline to stay concentrated on a single task unless you prepare your mind and environment to it.

Why We Judge Others

There are many ways we choose to measure the value of our own lives, be it money or popularity of family or good deeds.

The way you measure yourself is how you measure others, and how you ...

Judging Mindfully

Traits we will not tolerate within ourselves, we will not tolerate in others. It is a choice we make. We should make those choices consciously and not without thinking.

It’s why corrupt officials choose to be corrupt: because they assume everyone else is as corrupt as they are. It’s why cheaters choose to cheat. It’s why those who can’t trust are the ones who can’t be trusted.

Recognize our own fixation

Recognize how you measure yourself and consciously choose your metric. Also, realize that everyone has their own criteria that will not be the same as yours.