5P's Model - Revision history

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User: 5 P’s Model, developed is a strategic management model that resorts to the alignment of five key variables to improve the organization and its operations, namely: Purpose, Principles, Processes, People and Performance,

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5 P’s Model, developed is a strategic management model that resorts to the alignment of five key variables to improve the organization and its operations, namely: Purpose, Principles, Processes, People and Performance,

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5 P’s Model, developed by Mildred Golden, Chris J. White and Leslie A. Toombs, is a strategic management model that resorts to the alignment of five key variables to improve the organization and its operations, namely: Purpose, Principles, Processes, People and Performance: <ref>[http://old.knoow.net/en/sceconent/management/5_p_model.htm|5 P's Model Definition on Knoow.Net Encylopedia]</ref>

. Purpose: includes all elements that form the organizations’ purpose, namely the mission, vision, targets and aims and strategies;
. Principles: are the guiding principles, philosophies or assumptions that guide the own organization and its business; this variable includes ethic and own organizational culture;
. Processes: variable that represents organizational structure, internal systems, rules and procedures used by the organization to produce its products and services;
. People: people or teams that perform a job in a coherent manner with the principles and processes of the organization to achieve its goals;
. Performance: includes all performance metrics, measures and results that should be used as support or aid to the decision taking.

For an organization to be efficient and effective is needed that all five variables are in consonance as a way to mutually support and reinforce themselves. Incompatibilities or inconsistencies among the variables leads to time, energy and money losses, and can also lead to employees’ frustration and discouragement.

Beyond strategic management, 5 P’s model can also be used in quality management, organizational evaluation and change management.

'''5P's Model Implementation'''
Steps for the 5 P’s Model implementation:
. Purpose: identify the main strong points, weak points, opportunities and threats, identify the mission, vision, goals and organizational strategies;
. Principles: identify organizational culture and values;
. Processes: list all processes and draw them using flux grams, process maps, etc; identifying responsible for each process;
. People: determine on which measures people are qualified for the duties they perform; identify the training needs;
. Performance: identify used performance measures; establish [[key-performance-indicators-KPIs|Key Performance Indicators (KPIs)]]; set up a metric system.

[[File:5Ps Model.png |300px|5C's Marketing Strategy]]<br />
Source: [https://www.12manage.com/description_pryor_5_ps_model.html 12 Manage]

===References===
<references/>

===Further Reading===
*Management Models and Quality Initiatives in Small Business [http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.506.4115&rep=rep1&type=pdf Mildred Golden Pryor and Leslie A. Toombs]

← Older revision		Revision as of 21:38, 8 February 2021
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−	'''5P’s Model''', developed by Mildred Golden, Chris J. White and Leslie A. Toombs, is a [[Strategic Management\|strategic management]] model that resorts to the alignment of five key variables to improve the [[organization]] and its operations, namely: Purpose, Principles, Processes, People and Performance: <ref>[http://old.knoow.net/en/sceconent/management/5_p_model.htm~~\|5 P's Model Definition on~~ Knoow.Net Encylopedia]</ref>	+	'''5P’s Model''', developed by Mildred Golden, Chris J. White and Leslie A. Toombs, is a [[Strategic Management\|strategic management]] model that resorts to the alignment of five key variables to improve the [[organization]] and its operations, namely: Purpose, Principles, Processes, People and Performance: <ref>5P's Model Definition [http://old.knoow.net/en/sceconent/management/5_p_model.htm Knoow.Net Encylopedia]</ref>

	*Purpose: includes all elements that form the organizations’ purpose, namely the [[mission]], [[vision]], targets and aims and strategies;		*Purpose: includes all elements that form the organizations’ purpose, namely the [[mission]], [[vision]], targets and aims and strategies;

@@ Line 18: / Line 18: @@
 *Processes: list all processes and draw them using flux grams, [[process]] maps, etc; identifying responsible for each process;
 *People: determine on which measures people are qualified for the duties they perform; identify the training needs;
-*Performance: identify used performance measures; establish [[Key Performance Indicators (KPIs)]]; set up a metric system.
+*Performance: identify used performance measures; establish [[Key Performance Indicator (KPI)|Key Performance Indicators (KPIs)]]; set up a metric system.
 [[File:5Ps Model.png |300px|5C's Marketing Strategy]]<br />

@@ Line 18: / Line 18: @@
 *Processes: list all processes and draw them using flux grams, [[process]] maps, etc; identifying responsible for each process;
 *People: determine on which measures people are qualified for the duties they perform; identify the training needs;
-*Performance: identify used performance measures; establish [[key-performance-indicators-KPIs|Key Performance Indicators (KPIs)]]; set up a metric [[system]].
+*Performance: identify used performance measures; establish [[Key Performance Indicators (KPIs)]]; set up a metric system.
 [[File:5Ps Model.png |300px|5C's Marketing Strategy]]<br />

@@ Line 1: / Line 1: @@
-P’s [[Model]], developed by Mildred Golden, Chris J. White and Leslie A. Toombs, is a strategic [[management]] model that resorts to the alignment of five key variables to improve the [[organization]] and its operations, namely: Purpose, Principles, Processes, People and Performance: <ref>[http://old.knoow.net/en/sceconent/management/5_p_model.htm|5 P's Model Definition on Knoow.Net Encylopedia]</ref>
+'''5P’s Model''', developed by Mildred Golden, Chris J. White and Leslie A. Toombs, is a [[Strategic Management|strategic management]] model that resorts to the alignment of five key variables to improve the [[organization]] and its operations, namely: Purpose, Principles, Processes, People and Performance: <ref>[http://old.knoow.net/en/sceconent/management/5_p_model.htm|5 P's Model Definition on Knoow.Net Encylopedia]</ref>
-. Purpose: includes all elements that form the organizations’ purpose, namely the [[mission]], [[vision]], targets and aims and strategies;
+*Purpose: includes all elements that form the organizations’ purpose, namely the [[mission]], [[vision]], targets and aims and strategies;
-. Principles: are the guiding principles, philosophies or assumptions that guide the own organization and its [[business]]; this variable includes ethic and own organizational culture;
+*Principles: are the guiding principles, philosophies or assumptions that guide the own organization and its [[business]]; this variable includes ethic and own [[Organizational Culture|organizational culture]];
-. Processes: variable that represents organizational structure, internal systems, rules and procedures used by the organization to produce its products and services;
+*Processes: variable that represents organizational structure, internal systems, rules and procedures used by the organization to produce its products and services;
-. People: people or teams that perform a job in a coherent manner with the principles and processes of the organization to achieve its [[goals]];
+*People: people or teams that perform a job in a coherent manner with the principles and processes of the organization to achieve its [[goals]];
-. Performance: includes all performance [[metrics]], measures and results that should be used as support or aid to the decision taking.
+*Performance: includes all [[Performance Metrics|performance metrics]], [[Performance Measurement|measures]] and results that should be used as support or aid to the decision taking.
-For an organization to be efficient and effective is needed that all five variables are in consonance as a way to mutually support and reinforce themselves. Incompatibilities or inconsistencies among the variables leads to time, energy and money losses, and can also lead to employees’ frustration and discouragement.
+For an [[Organizational Effectiveness|organization to be efficient and effective]] it is needed that all five variables are in consonance as a way to mutually support and reinforce themselves. Incompatibilities or inconsistencies among the variables leads to time, energy and money losses, and can also lead to employees’ frustration and discouragement.
-Beyond strategic management, 5 P’s model can also be used in [[quality]] management, organizational [[evaluation]] and change management.
+Beyond strategic management, 5P’s model can also be used in [[Quality Management|quality management]], [[Organizational Evaluation|organizational evaluation]] and [[Change Management|change management]].
 '''5P's Model Implementation'''
-Steps for the 5 P’s Model implementation:
+Steps for the 5P’s Model implementation:
-. Purpose: identify the main strong points, weak points, opportunities and threats, identify the mission, vision, goals and organizational strategies;
+*Purpose: identify the main strong points, weak points, opportunities and threats, identify the mission, vision, goals and organizational strategies;
-. Principles: identify organizational culture and values;
+*Principles: identify organizational culture and values;
-. Processes: list all processes and draw them using flux grams, [[process]] maps, etc; identifying responsible for each process;
+*Processes: list all processes and draw them using flux grams, [[process]] maps, etc; identifying responsible for each process;
-. People: determine on which measures people are qualified for the duties they perform; identify the training needs;
+*People: determine on which measures people are qualified for the duties they perform; identify the training needs;
-. Performance: identify used performance measures; establish [[key-performance-indicators-KPIs|Key Performance Indicators (KPIs)]]; set up a metric [[system]].
+*Performance: identify used performance measures; establish [[key-performance-indicators-KPIs|Key Performance Indicators (KPIs)]]; set up a metric [[system]].
 [[File:5Ps Model.png |300px|5C's Marketing Strategy]]<br />