ACTION:The things we do (or do not do) to create a desired outcome.

OUTCOME: The condition in life that we want changed.

RESULT: The relationship of an action to the resulting outcome.  

EFFECTIVE: How well out action actually creates the desired outcome.

An action might be effective, but NOT efficient if it requires too much investment of time/money/effort.

EFFICIENT: How much time/effort/money it takes to create that outcome.

An action could be efficient (taking little investment) but NOT very effective in actually achieving the desired outcome.