|
|
Like this article? PLEASE +1 it! |
|
It's Time for Zero Based Thinking
|
| Guest post by: David Carter |
Article Overview: Zero Based Thinking asks: "Knowing what you know now, what would you do differently, start, or eliminate in your life (or business)?" Use this question to help address issues about business strategy, employees, new business ventures, existing relationships, existing customer groups, existing investments, existing businesses and much more.
![]() |
Free Download - Does your company have a coherent strategy? By David Carter |
It's Time for Zero Based Thinking
The world has changed a LOT in the last 3 years. Has your company changed more or less than the environment you operate in? If the economy is 30% different today than 3 years ago, but your company has only changed by 10%, it doesn't take a genius to realize that you are in the process of being left behind. Conversely, if the economy you operate in has changed by 30%, but your company has changed by 40%, well that's an entirely different story.
The moral here is Adapt or Die.
One crucial key to adapting in today's environment is Zero Based Thinking. This principal comes from Brian Tracy, CEO of Brian Tracy International, a company specializing in the training and development of individuals and organizations. He speaks to corporate and public audiences on the subjects of Personal and Professional Development - and his Zero Base Thinking Principal.
Zero Based Thinking asks: "Knowing what you know now, what would you do differently, start, or eliminate in your life (or business)?"
Use this question to help address issues about business strategy, employees, new business ventures, existing relationships, existing customer groups, existing investments, existing businesses and much more.
Here is a story from Tracy's blog to further illustrate this principal.
Albert Einstein was teaching at Princeton University and had just administered an exam to an advanced class of physics students. On the way back to his office, the teaching assistant carrying the exams asked him, Dr. Einstein, wasn't this the same exam you gave to this same class last year?"
Dr. Einstein responded,"Yes, it was."
The teaching assistant, in awe of perhaps the greatest physicist of the twentieth century, then asked,"Excuse me for asking, Dr. Einstein. But how could you give the same exam to the same class two years in a row?"
Einstein replied simply,"The answers have changed."
At that time, in the world of physics, with new breakthroughs and new discoveries, the answers were changing at such a rapid rate that the same exam could be given two years in a row and have different answers.
How does this relate to you? The answers in your own life and business are changing more rapidly today than ever before. If someone were to ask, "What was your biggest problem or goal a year ago?" you probably wouldn't even know the answer. The answers have changed so completely.
One characteristic of the most successful people is that they are intensely future-oriented. They refuse to dwell on what has happened and things that cannot be changed. Instead they focus on factors that are under their control and actions they can take to create the kind of future they desire.
Now is the time to focus on how you will adapt your company. The answers and the environment have changed. Use Zero Based Thinking to ask yourself: "Knowing what you know now, what would you do differently, start, or eliminate in your life (or business)?"
Click on this link to download a tool I use with my clients called the Start, Stop, Keep Survey. It can help you exercise Zero Based Thinking and develop strategy. Start with a fresh slate - the past does not equal the future - and begin to create your future the way you want it to be.
Article Tags: business strategy, zero based thinking
|
About the Author: David Carter RSS for David's articles - Visit David's website David Paul Carter, LLC is an innovative business strategy-consulting firm focused on closely held, family managed and entrepreneurial growth companies confronted with change. We help our clients to overcome barriers to growth; and to increase the value of their company by optimizing their strategy to achieve revenue and growth, and their execution to gain more time and profit. We use a forward-looking approach to growth strategies for today’s environment, business model design, and succession planning. Our approach is free ranging; our mission is completely client focused and not bound to any one program, philosophy or set of ideas. Founder/President David Paul Carter draws on 30+ years of success as an experienced business executive, entrepreneur, strategist, advisor, and dedicated community leader. His background incorporates business consulting (for the past 10 years), entrepreneurial business ownership (2 previous companies), corporate management (senior executive positions within the Thomson Corporation, Wolters Kluwer, and Ziff-Davis Publishing companies) and international business experience (US, Europe and Australasia). He brings a unique blend of clarity, insight, and different thinking to his clients. Contact David at (215) 732-2230, or email dcarter@davidpaulcarter.com, or visit www.davidpaulcarter.com or text CARTERREPORT 22828 to subscribe. Click here to visit David's website Profit Per X Six Foolproof Ways to Make Sure Your Company Thrives The Power of Priorities 16 Rules for Business and Life Success Your One Sustainable Competitive Advantage |
Related Forum Posts
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.



