Training For Investment In Creativity †MyAssignmenthelp.com

Question: Discuss about the Training For Investment In Creativity. Answer: Human Factors Psychology Training for investment in creativity Worlds billionaire investor Warren Buffet follows the policy of buy low sell high. According to him even when prices are low and people are selling the market has huge opportunities to invest (Sternberg, 2012). Such investors usually have the foresight to see through the short-term crisis. The financial world usually requires one to keep calm and have a long-term vision. Many people are scared to buy when stock prices are falling rapidly (Proctor, 2014). Rather they begin to invest when prices are rising. But it is wiser to buy low, even if it means buying during crash period. Investors often buy when prices are high and might have to sell low when they find that prices are stagnant after a certain level of rise. During crashes, also they often rush in to minimize their losses (Thompson and Shape, 2012). He also speaks against hedge funds which involve high investment charges (Sternberg and Sternberg 2016). The training plan design outlines how investment theory of creativity propose d by Robert Sternberg and Todd Lubart can be inculcate low and within the workforce. According to the investment theory of creativity, individuals who are creative would buy low and once their ideas can generate profits, they will sell high. Such individuals usually do not follow bandwagon effect or move by crowd. They are unique or have rare thoughts. Similarly, Buffet also proposes buying stocks when prices are low and do not follow the panic during crisis. Creative individuals also act outside the crowd. They do not place limit on their own thinking. For Buffets strategy of investing also, the idea is to forecast and predict. He himself studied the behaviour of Freddie Mac after buying their stock in 1990s. When he noticed that the management was taking too much risk to increase revenues, he was uncomfortable with the companys decisions. Thereafter the financial crisis took place and he was proven right. Now this is what one can call out of the box thinking. Hardly any investor would study a company so closely or be able to foresee things so clearly (Frankel, 2017 ). Buffets investment strategy or philosophy has been popularized across the world. It has been sold to millions in various forms and different mediums. Schools and business associations have organized workshops selling his strategies. Such is the worth of creativity. His creative ideas had little cost but are sold at high price. The approach devised by him is nothing but mere common sense based. So here we see common sense applied creatively has generated huge wealth. As per the theorists, an individual may not be born creative, he usually becomes creative for a certain level of attitude which include redefining a problem innovatively, taking risks rationally, selling ideas that others might not accept easily or initially and understanding if their knowledge interferes with the process of creativity. Aspects like abilities, knowledge, styles of thinking, personality attributes, motivation and environment build creativity. These virtues can be inculcated in individuals by appropriate te aching (Swedroe, 2014; Shiu, 2014). Buffet as we know is a great teacher. His messages, quotes etc all are widely accepted. Design of a training program Needs assessment: The idea of buy low sell high should be helpful in building the right environment for creativity. In a changing world where globalization has led to intermingling of cultures, thoughts and ideas, it is important to generate serious and cultivate the spirit of innovation in every individual within a company. Decision making is important and can have serious consequences if adopted wrongly. Some out of the way thinking is essential. These lessons can inspire individuals to foresee things and try to make their contribution invaluable to the company. Learning styles and delivery mode : Learning through examples and practice is important for this program. The lessons will be delivered with the help of multimedia presentation, speeches and some fun activity like filling up a questionnaire or given a scenario, asking each person to think for a creative solution. However it will be an instructor led workshop. Audience: All the employees will be a part of this training. The idea is to inspire and motivate employees at all levels. For those who are at mid or top level of management, they need to take proper decisions and on time. Often they adhere to the conventional strategies instead of innovating. Also the junior employees need to understand that every one of them is important and can be creative. The programme would also include the example of Google where every employee is allotted 20 minutes time every day to explore their creativity by practicing what they love to do. There is often a tendency to depend on the senior management and be a follower only. There is a tendency to increase their effort according to their compensation. But they need to understand that initially even if they are earning less, if they can prove their skills and talent, they can be invaluable to an organization. Once they make themselves invaluable, their skills and virtues would sell high. Content, budget, timelines and communication: The training will be a day-long session with an experienced motivational speaker and corporate trainer. It will cost around $2000 including the charges of the speaker and cost of meal for all. Communication will be interactive and participative. The instructor will show video clips and ask for the feedback of every employee. The most important aspect is to connect with the audience, a facilitator or coach needs to do just that. A coach is a true leader if he is capable to taking people to a level where they never thought of being. A manager needs to understand the needs of the team in order to address them and help them improve. Research has shown that when people are socially active they can perform better (Shead, 2008). So the instructor will involve the audience in the session instead of simply lecturing. Conclusion In conclusion, the training session will attempt to imbibe the art of buy low sell high as proposed by the investment theory of creativity. This is a concept or a culture which can be applicable across all ethnicity and levels at workplace. Hence the session will attempt to portray examples like that of Warren Buffet and others as inspiring messages for the people. References Frankel, M. (2017). 5 New Warren Buffett Quotes That Can Help You Invest Better, Retrieved from https://www.fool.com/investing/2017/03/02/5-new-warren-buffett-quotes-that-can-help-you-inve.aspx Shead, M. (2008). Socialization and Creativity, Retrieved from https://www.productivity501.com/socialization-and-creativity/1047/ Sternberg, R. J (2012). The Assessment of Creativity: An Investment-Based Approach. CREATIVITY RESEARCH JOURNAL, 24(1), 312 Proctor, T. (2014), Creative Problem Solving for Managers, London: Routledge Thomson, P. and V.S. Shape (2012). Creativity and the Performing Artist: Behind the Mask, Academic Press. Sternberg, R. J., and K. Sternberg. (2016). Cognitive Psychology, Academic Press. Shiu, E. (2014). Creativity Research, London: Routledge Swedroe, L. (2014), Think, Act, and Invest Like Warren Buffett, New Delhi: McGrawHill Professional