
Virtual/Instructor-led training
Risk vs. Reward:
A Skills Training on Balancing Risk and Reward in Decision-Making
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Introduction
When making decisions, it is important to consider the potential risks and rewards of a proposed course of action. In this skills training, participants will learn how to balance the potential risks and rewards of a decision, and to make informed choices that are aligned with their goals and values. By the end of this session, participants will have gained a deeper understanding of strategies for balancing risk and reward and be equipped with the tools and strategies needed to make informed decisions.
Details
- Presentation Length: 90-mins / Half Day
- Participant Numbers: 15-500+
- Virtual and In-person options available
- Sessions can be recorded for internal use
- Onsite training available globally: North & South America, EMEIA, APAC, LATAM
- Languages: English, Spanish, French, Portuguese, Italian, Mandarin, Arabic, Japanese, and Malay.
- To understand the concept of risk and reward and its impact on decision-making
- To learn how to balance the potential risks and rewards of a decision
- To develop strategies for making informed decisions that are aligned with goals and values
- To gain practical experience applying techniques for balancing risk and reward through exercises and case studies
- Presentation of key concepts and theories
- Group discussion and brainstorming
- Practical exercises and case studies
included in 90-min, Half Day & Full Day sessions
- Participants will complete a self-assessment to determine their level of risk tolerance and identify strategies for managing risk.
- Participants will work in small groups to apply the Risk-Return Trade-off to a real-world scenario. For example, they may consider the potential risks and rewards of launching a new product line or expanding into a new market.
- Participants will use the Decision Tree to consider different scenarios and their potential outcomes when making a decision. For example, they may consider different marketing strategies and their potential impact on sales and brand awareness.
(included in Half-Day and Full Day sessions)
- The Risk-Return Trade-off: This framework is used to consider the potential risks and rewards of a decision, and to assess whether the potential rewards are sufficient to justify the risks.
- The Decision Tree: This framework provides a systematic approach to considering different scenarios and their potential outcomes when making decisions.
- The Risk Tolerance Spectrum: This model is used to assess an individual’s level of risk tolerance and to develop strategies for managing risk in a way that is aligned with their personal values and goals.
- The Risk-Return Trade-off can be used to consider the potential risks and rewards of a decision, and to assess whether the potential rewards are sufficient to justify the risks.
- The Decision Tree can be used to consider different scenarios and their potential outcomes when making decisions.
- The Risk Tolerance Spectrum can be used to assess an individual’s level of risk tolerance and to develop strategies for managing risk in a way that is aligned with their personal values and goals.