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Definition: the 3P Framework is a model by Prof. Ranjay Gulati that aims to resolve the organizational tension between employee empowerment (FREEDOM) and operational discipline (CONTROL). The idea is that these 2 components should be seen as the key 2 when defining how to achieve the company's Purpose (a single shared goal that sums up the "why" of the organization), Priorities (behavioral rules that reflect the organization's goals) and 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). |
More on corporate governance: Agency Problem, Belief System, Board of Directors, Boundary System, CEO Duality, more on corporate governance... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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