A Quote by Michael Mauboussin
We have no control over outcomes, but we can control the process. Of course, outcomes matter, but by focusing our attention on process, we maximize our chances of good outcomes.
Related Quotes
Expected outcomes contribute to motivation independently of self-efficacy beliefs when outcomes are not completely controlled by quality of performance. This occurs when extraneous factors also affect outcomes, or outcomes are socially tied to a minimum level of performance so that some variations in quality of performance above and below the standard do not produce differential outcomes
Nations that pay for outcomes and health actually spend a lower percentage of GDP, and they have better outcomes. And so the Affordable Care Act is starting to make that migration, but we've got to keep down that path, and we'll improve outcomes and reduce cost.
One word that seems to connect both leaders and employees is: 'outcomes.' Built into that word is the implicit and explicit understanding and agreement that effective actions lead to good outcomes; ineffective actions lead to poor outcomes.
Accurate processing of information about outcomes is no simple task under the variable conditions of everyday life . . . usually, many factors enter into determining what effects, if any, given actions will have, Actions, therefore, produce outcomes probabilistically rather than certainly. Depending on the particular conjunction of factors, the same course of action may produce given outcomes regularly, occasionally, or only infrequently
The goal of any true resistance is to affect outcomes, not just to vent. And the only way to affect outcomes and thrive in our lives is to find the eye in the hurricane and act from that place of inner strength.
Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
Constraint theory defines for you what outcomes are possible and what outcomes are impossible. It also eliminates wishful thinking.
The management of creativity is more intimate. By that I mean that it deals with an individual's personal, psychological landscape. It deals with the way you create relationships. It deals with creating an atmosphere and environment that support the creative process. As a result, it is a management skill set that is inherently psychological and that encourages desired outcomes rather than demands those outcomes.
We want to control our own destiny and take responsibility for our own outcomes.
It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.
Don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them.
Gratitude helps us stop trying to control outcomes. It is the key that unlocks positive energy in our life. It is the alchemy that turns problems into blessings, and the unexpected into gifts.
Fear represents our need to hang on to the riverbank, to control outcomes, results, our lives; it swims upstream. Truth is about releasing that hold, letting go of results, and trusting the direction of Life’s current.
The chance you passed up or missed could have had any number of different outcomes, and it's easy to fantasize about how much better every one of those outcomes would have been.
Even a child who's above average on self-control could improve their financial outcomes in mid-life if they improved their self-control skills early on.
It is still true that the life we have created for ourselves on this earth is not working. Not one of the systems we have put into place in our world is functional - not the political, not the economical, not the ecological, not the educational, not the social, and not the spiritual. None of them are producing the outcomes we say we want. In fact, it's worse. They are producing the outcomes we say we don't want.
