- Plans are made with an objective and such plans get executed in given environs. When executions are carried out actions are performed which ultimately produce results. After the occurrence of such an event usually everyone is expected to introspect about the actions performed vis-a-vis the result arrived in various dimensions and certain conclusions are arrived at with a futurist outlook. If the actions are good and equally the results also an outlook for betterment may be thought of. On the other hand, if actions; performed did not yield expected results a vision may be developed for prospective corrective actions. Hence, introspection is to be understood as an act of directly observing the process of one's own mind with reference to an act performed presently or in the near past thus carrying out a self-examination..
'Retrospection' on the other hand, means 'to look back' or ' to contemplate of the past'. This exercise is usually done with reference to 'too good things happened' or 'too bad things happened' in one's past. But retrospection may merely stop with the reflection of the past and an intent to apply the said result of retrospection may or may not be present. In fact, in certain spheres of activity certain decisions taken after retrospection may be capable of putting into prospective operation in a facile manner while in certain cases such operation may not be feasible.. In the latter types of situations one has to reconcile with the past. This, however, does not mean that retrospection should not at all be made since retrospection is also a form of introspection..
The two precepts made out above, considering their nature, belong to the genre of psychic element (mental exercise) and require practical application in a given situation. .