Question

Ricardo is an associate financial analyst in a large financial consulting firm. he works int he emerging markets division developing low cost products for the southeast asia region. he was selected for this position because of his wide range of skills , relevant experience, and analytic abilities.

During his time at the firm he has worked on a variety of projects and has become well respected among his peers. He is satisfied with his job. And with his progress so far. but he strives to work more on challengeing projects, wants to make a greater impact and seeks a leadership centered role. Ricardo has a strong drive and eventually hopes to get a position at the highest level of the organziation.
In recent years the firm has remained stable but has struggled with growth. the recent economic downtrun changed the financial landscape and is requireing new and innovative solutions to common issues such as reducing and calculating risk. As a result, the firm launched a company wide competition for the best risk assessment model in order to motivate all its employees. After several rounds, the top two finalists will be invited to present their ideas to CEO. To make final decision. The winning team will receive a substantial cash prize.
Ricard sees this as a perfect chance to impress his colleagues and supervisors and establish as a top performer. He and his team been working tirelessly on this prject. Ricardo strong math and finance background help him come up with a comprehensive and complex algorithim that seems to be surprisingly effective in predicting risk. Each memeber contributes to different aspects and together they create a strong proposal that they believe is worthy of winning.
Ricardo is excellent in motivating small team. You are ricardo manager, and he comes to you for guidance, you believe he is one of the brightest. But need to overcome his fear of public speaking, he needs to develop presentation skills inorder to win. Ricardo is committed to improvement but he does not understand the concept of deliberate practice and is unsure how to get the most value out of time he dedicates to improving his performance
Based on the concept of deliberate practice, list the five steps that lead to excellence

Answer 1

Ricardo can achieve excellence in his presentation skills through deliberate practice by setting specific goals, practicing intentionally, seeking immediate feedback, refining his techniques, and consistently repeating and reflecting on his practice.

Step-by-step explanation:

Steps for Deliberate Practice

To assist Ricardo in understanding the concept of deliberate practice and how it can lead to excellence in his presentation skills, here are five key steps he should follow:

1. Set Specific Goals: Ricardo should define clear, specific, and challenging goals that focus on improving particular aspects of his presentation skills.
2. Practice Intentionally: He must practice with full concentration on the task, working at the edge of his abilities where he makes mistakes and learns from them.
3. Seek Immediate Feedback: After practicing, obtaining feedback from a knowledgeable coach or through self-assessment is crucial for Ricardo to understand what improvements can be made.
4. Refine Techniques: Use the feedback to refine and adjust his techniques. This may involve breaking down complex skills into smaller parts to master them individually.
5. Repeat and Reflect: Ricardo should consistently repeat the process, devoting time regularly, and reflecting on progress and areas for further development in order to achieve mastery.

By following these steps, Ricardo can systematically improve his public speaking abilities and enhance his chances of winning the competition.