Below is a guest post from one of the stock traders I trade with, David Hutcherson, on Effectiveness vs. Efficiency:
Now that you know the difference between clocking and grinding, you are ready to conquer the world and not to mention your goals as well. After a few 2nd shift sessions, you realize that you are still not getting closer to your goals. Why?!?!? Is it because you are being efficient and not effective? Note that being efficient is doing things well regardless of their importance but being effective is doing the right things.
Sometimes we get caught up in trying to make sure we use our time efficiently by making sure we accomplish our tasks in a timely manner. But are those tasks effective in helping you reach your goals? If not, you must remove those tasks from your daily routine. For instance, if you find yourself in meetings that do not contribute to your end goals; you should consider eliminating those meetings from your schedule. This will open up your time for more effective tasks.
Always remember: What you do is more important than how you do it!!