A Risk Training

Just last week I wrote about what we really RISK these days when we make decisions: we risk MINT !
The first item we can lose when actually planning an investment, is M = MONEY.

Let´s add the responsibility factor to risking money!

This is a short story about a RISK training which will make you think and which you sure enjoy:

The Trilogy University trains the employees to be risk takers.  They push new hires to take responsibility for a project and to develop creative solutions for it.
In starting his own company, J. Liemandt (CEO and Chairman) learned that to be truly creative and innovative, you must be able to take risks and accept the consequences – positive and negative.  Liemandt goes to extreme lengths to train new hires to take risks as well.

When L. Arbittier, a young graduate of the University of Pennsylvania attended Trilogy University, Liemandt took 300 new hires to Las Vegas and challenged them to bet $ 2,000 of their own money at the roulette table.
If they won, they could keep their winnings, if they lost they had the $ 2,000 deducted from their subsequent paychecks over the next several months.

Arbittier was always careful with her money and definitely not a gambler, surprised herself when she was one of 36 new hires to meet the challenge and bet $ 2,000.  Although she lost the bet, she won the respect of her colleagues,  Liemandt´s recognition, and is a member of the “L2K” (lost $2,000) club at Trilogy.

C r a z y ? ?
Yes, I think it´s a pretty crazy official RISK training, but it offers real experience!  It´s priceless.

Trilogy seems to hire only the best and then trains new employees to stretch their limits, take risks, and come up with creative solutions to business challenges.  New hires attend Trilogy University during their first few months on the job.  Trainees are grouped into teams in which they have complete responsibility for a real project such as improving an existing product, creating a new one, or designing a recruitment strategy for new hires.

The strategy is that active learning is stressed while new hires build teamwork skills and develop creative solutions to business problems.  In terms of decision making, Liemandt made a tough and wise decision about HOW TO TEACH RISK TAKING.  He found a way none of his attendees ever will forget.

When I was reading lately about this project in one of my educational books I thought I have to share it with you!

What do you think – would you support this kind of risk training?  Leave a comment!

 

BE A DECISION MAKER.  BE OUTSTANDING.

rita jaskolla – Leadership Architect –