Browse Definitions :
Definition

zero-based thinking (ZBT)

Contributor(s): Stan Gibilisco

Zero-based thinking (ZBT) is a decision-making process based on imagining yourself back at the point before particular decisions were made, and free to make those decisions with the knowledge that you have now about their outcome. Such decisions could be buying financial securities, hiring certain types of employees or following particular career paths, among a wide variety of other possibilities. The purpose is to avoid repeating past mistakes and to encourage actions that have worked out favorably.

In effect, ZBT works like hindsight, based on experience, applied from a hypothetical future to the actual present in order to maximize the chance of success and/or avoid the risk of failure.

In ZBT, the state of affairs before one has done anything about a situation is called the zero point. When applying ZBT, one can ask, "With what I know today about past situations like this one and the way that I dealt with them, would I want to do the same thing again this time?"

  • If the answer is yes, then the proper course of action is to continue the tried-and-true procedure relevant to the situation in an attempt to achieve the desired outcome.
  • If the answer is no, then one should return to the zero point and avoid the situation or, if it has already begun to play out, to exit it as soon as possible.

After one has focused attention on the zero point one should carefully assess the situation at hand and decide whether or not to deal with it at all. In some cases, the best solution is to avoid or get out of a situation to cut losses. A principal key to effective use of ZBT is knowing when to quit, and if necessary, actually quitting.

This was last updated in April 2013

Continue Reading About zero-based thinking (ZBT)

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • compliance audit

    A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines.

  • regulatory compliance

    Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business...

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from ...

SearchSecurity

  • data breach

    A data breach is a confirmed incident in which sensitive, confidential or otherwise protected data has been accessed and/or ...

  • zero-day (computer)

    A zero-day vulnerability, also known as a computer zero day, is a flaw in software, hardware or firmware that is unknown to the ...

  • Cybercrime

    Cybercrime is any criminal activity that involves a computer, networked device or a network.

SearchHealthIT

SearchDisasterRecovery

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

  • business continuity software

    Business continuity software is an application or suite designed to make business continuity planning/business continuity ...

  • business continuity policy

    Business continuity policy is the set of standards and guidelines an organization enforces to ensure resilience and proper risk ...

SearchStorage

  • business impact analysis (BIA)

    Business impact analysis (BIA) is a systematic process to determine and evaluate the potential effects of an interruption to ...

  • RAID (redundant array of independent disks)

    RAID (redundant array of independent disks) is a way of storing the same data in different places on multiple hard disks to ...

  • dedicated cloud

    A dedicated cloud is a single-tenant cloud infrastructure, which essentially acts as an isolated, single-tenant public cloud.

Close