Answers:
Grid analysis is a technique used to
choose one out of multiple options in a situation. When you find yourself in a
situation where there are a number of suitable options to choose from, and
therefore, difficult to decide which one would be the best, you can opt for
grid analysis. For example, if you are recruiting a middle level executive for
your organization and there are 5 equally competent shortlisted candidates, how
would you decide? Grid analysis can be used here. The main steps are:
1. Create a table with all your options
listed in a row and the columns will be of the different factors that you would
consider about the candidates, such as education, work experience,
communication skills, general knowledge of the industry, and so on.
2. Next, score each candidate for each
factor on a scale of 0-5, where 0 means poor and 5 means very good.
3. Then, rate the factors themselves in
the order of importance. For instance, educational qualification will rate over
general knowledge of the industry. Again, use the 0-5 scale.
4. Now, multiply each score from step 2
with the values for relative importance of the factor that you calculated in
step 3. This will give you weighted scores for every factor-option combination.
5. Last, add up the weighted scores for
each option. The highest scoring candidate would be your best choice.