Lesson 4.4 Principles

  • Lesson 4.4 Principles

    Learning Goals: By the end of this lesson you will be able to

    1.1 Describe the planning process and its benefits to the organization

    1.2 Analyse the importance of individual and group creativity in planning.

    1.3 Explain the control systems used by organizations

    • In Class:
      1. Read the article 
      2. Do the glossary quiz
      3. Do the exit card
      4. Do the check your understanding quiz
      5. Watch the video about Principles of success.
      6. Discuss the article and the video with your group  then answer questions posted on the group forum
      7. Homework  Post the answers to the questions below in the  homework forum.

      Read this article: https://www.weeklywisdomblog.com/post/principles-by-ray-dalio-summary-and-application 

      Answer the following questions:

      1. How can we turn pain into pleasure?
      2. How does Ray Dalio define success? Explain.
      3. What is emotional hijacking and how do we overcome it?
      4. How can we create productive habits?
      5. What are the two barriers to success? How do you overcome them?
      6. What are some differences between closed-minded people and open-minded people?
      7. How can we make "believability-weighted decisions"?
      8. What can people do about their weaknesses?
      9. What is the 5-Step Process to Success? Why do you need a team to do it?
      10. What advice does Ray Dalio give for making effective decisions?

    • Principles Movie:


    • Lesson 4.4 Exit Card Questionnaire

      Do this short survey to reflect on how the lesson went and ask a question.

    • Group Discussion Forum

      Principles Discussion Questions

      Question 1:

      Ray Dalio says “Embrace reality and deal with it.” Which one of the 7 Habits of Highly Effective People gives the same teaching?

      Question 2:

      Ray Dalio talks about being open-minded. Which virtue is related here?

      Question 3:

      Ray Dalio talks about making believability-weighted decisions. Let’s say you are trying to pick between two universities. Your classmate tells you University A is better than University B. Your parents think University B is better than University A. What do you do?

      Question 4:

      Ray Dalio talks about the 5-Step Process for Success. Match the step to the option.

      1. Set goals

      A. Feedforward control

      2. Anticipate and encounter problems

      B. Strategy

      3. Find the root cause

      C. Feedback control

      4. Design solutions

      D. Character analysis (5 virtues)

      5. Execute and track progress

      E. Put first things first (Habit 2 of the 7 Habits)