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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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.
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.
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.
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.
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.
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 assume others measure you.
If you measure your life by how much you’ve traveled, then you will measure other people by the same standard.
According to psychologists, happiness and life satisfaction do not coincide. Life satisfaction requires individuals to take a step back to assess their lives while happiness mirrors positive and negative emotions that fluctuate.
Focusing on positive and negative emotions can lead to understanding well-being in a pleasure-based way. Happiness may be one of the elements in evaluating well-being but is not the only one.
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 mistakes or were inefficient through systematic management.
Today, in the age of software and intellectual property, when half of the workforce is made up of knowledge workers, the old practices are of no use.