Method of Analysis

You need to make a FIBER analysis.

FIBER:

FGL : Fear Greed Laziness

Ideal Solution Method

Best Home Method

Easyway Out Method

Read out/Spell out method

This is the most practical and most used decision-making method. It involves a detailed analysis of all the available info, choices, characteristics of the decision, context of decision, problem type, time available etc. In this method, the choice that is found rational or logical is selected. The criteria values & priorities – we have is the governing factor here.

The FGL Method

The FGL method is based on the fact that the decisions we make depend on fear, greed, and laziness. It helps the decision-maker to get insights into himself because it reveals how much these three factors have influenced him in his decision and gives him a chance to reevaluate his decisions. In this method, you first number down all the possible choices and see how much these factors affect each of the choices. Then you could select one as per your requirements.

Ideal Solution Method

The Ideal Solution Method creates an ideal criterion for the decision for the decision first. Now, make a list of choices. Taking one item from the list at a time, the decision-maker compares it with the ideal solution. The choice that is more nearer to the ideal solution is made.

Best Home Method

Best Home Method looks for the vest fit of the idea to the situation or environment or context or background. The environment or background that helps to develop or improve the idea is the best place for that idea. In other words, an idea & its environment should be mutually fit.

Easy Way Out Method

When taking action on the decision is more important than making the very best possible decisions, this method is used. We make decisions to act upon them. So in this method, such decisions that are easy to implement are made. This does not mean that you decide upon the easiest choice. The choice is to pass the test of the criteria you have or it should bring desired results. In this method, the easiest one among these choices are selected, which can be easily implemented.

Readout or the Spell out Method

In this method, you take the choices one by one and read out or spell out why you decide on a given choice. Write these down. Then read then again one by one and decide on the best choice.

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Ideas for this page taken from Edward De Bono’s Writings. Rights and Copyrights acknowledged.

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