Businesses around the world are constantly striving to achieve higher levels of performance. Many focus on specific areas and do not maintain a balance within the organization. Balancing the needs of the organization with the requirements of its people, the design and improvement of its products/services, and the performance of all business areas will ultimately end badly. This book is for those thinking of leaping into the world of entrepreneurship, the established business leader looking for ways to improve their organization, and everyone else who wants to see the organization they are in succeed in accomplishing their objectives.
The 3P Business Framework is the answer to developing an effective organizational strategy that balances organizational needs against the needs of its people, the design and improvement of its products/services, and the performance of the business. This balanced approach will help an organization reach new levels of efficiency and offer the right environment that enables the organization to innovate and achieve a competitive advantage in any industry.
Part I of this book covers some foundational business concepts that all entrepreneurs and managers should understand as they enter the world of owning their own business or looking to grow in their current organization.
People are an organization's most important asset. Without people, organizations would not exist or grow and remain competitive. Organizations must provide a safe environment with a positive organizational culture so that people want to work for them instead of having to work for them. There are three fundamental areas of people that are discussed in this book. Each of them must exist to maintain a safe and productive work environment while developing the skills required to meet the changing demands of the organization. The three fundamental areas have the right culture to produce results, build trust, and have a blueprint for an effective learning strategy/program.
Efficiency in organizational processes is a fast way to reduce costs and increase profits. Inefficiencies in the organization can lead to increased costs and reduced sales, which can put an organization out of business if left unchecked. The key to being efficient is to design, build, and execute the processes in an organization according to what the customers value.
Organizations must ensure they track the right metrics to make data-driven decisions. Developing the right metrics to measure will provide actionable insights for leaders at all levels. An organization can have as many metrics as they desire, but they need to focus these metrics on critical areas to get the best insight; which areas and what to track in those areas is just as essential and will be determined based on the individual organization.