Gulati's 3P Framework - Explained
What is Gulati's 3P Framework?
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
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Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What is Gulati's 3P Framework?
The 3 P Model, proposed by Ranjay Gulati, seeks to resolve the tension between employee empowerment and operational discipline. The models consists of the following:
- PURPOSE - A single shared goal that sums up the "why" of the organization. It provides direction and meaning to everything the company and its employees do.
- PRIORITIES - Behavioral rules that reflect the organization's goals. The company's strategic interests, enabling employees to act accordingly and focus their time and company's resources properly.
- PRINCIPLES - A simple set of principles growing out the organization's purpose and priorities, and helping employees to choose among reasonable options in their day-to-day work. The principles may include positive guidelines for action as well as limits on certain behavior. It is important that the principles are neither defined too precise (that would prevent employee empowerment), nor should they be formulated so broad that they provide no useful guidance.
Each of these elements should be the subject of continuous monitoring using employee and managerial feedback.