Why results are important

Perhaps the biggest lesson was that failure was never an ends in itself, but instead a step, the surest step, towards greater things. As students in elite schools, we were all too often used to a linear path to success. Any momentary blip caused enormous sorrow. But the non-linear path that I was forced upon did not seem that bad after all.

For one, it prompted great reflection as to my purpose here on Earth. Such a search for a deeper meaning to life brought me to serve at an organization catering to the needs of the intellectually disabled, and my experiences there began to lead me away from the den of despair I had found myself in. Andrew looks like you and me, and is even bilingual. Of course grades are important. We should all work towards achieving the very best grades we can get. But some journeys in life can only be travelled alone.

Learning Objective Distinguish the difference between the terms 'significance' and 'importance' in statistical assessments. Key Points When used in statistics , the word significant does not mean important or meaningful, as it does in everyday speech; with sufficient data , a statistically significant result may be very small in magnitude.

A difference can be significant, but not important. It is preferable for researchers to not look solely at significance, but to examine effect-size statistics, which describe how large the effect is and the uncertainty around that estimate, so that the practical importance of the effect may be gauged by the reader.

Full Text Significance vs. Importance Statistical significance is a statistical assessment of whether observations reflect a pattern rather than just chance. This can be done by many means, such as promotions to levels of higher responsibility or authority as well as base salary increases. It may seem controversial, but we firmly believe that even managers with bad results should be rewarded — if they have used a good decision-making process.

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Save to my profile. More important than results People should be rewarded for decisions as well as results. Bert De Reyck and Zeger Degraeve. Decisions are more important than results Managing for results — pay for performance schemes and the like — are fundamentally flawed if that is the only criterion for evaluating managers.

Results are irrelevant as a measure of decision quality. The ultimate criterion for good decision making is tied to three critical questions: What are we trying to achieve with this decision? Ten Black business leaders to watch Sustainability: from buzzwords to business strategy How actively managing diversity can yield impact in the boardroom. Comments 0 You must be a registered user to add a comment here. Last name. You're almost ready to start enjoying Think.

To verify your email and confirm your subscription please click on the link that we've sent to your email address. We hope you enjoy our thought leadership. In sales, we count on the needs of our prospects and clients to motivate them to buy.

For decades, it has been a good sales process to focus on client needs. Needs are good, but they are not the complete picture. Learning about client needs used to set the better salespeople apart from the package pushers.

We focus on what we want. Having a needs analysis or discovery meeting is still important, but if you stay focused on only needs, you will miss what matters most. What does focusing on results sound like?