Performance refers the results produced by actions from Process, performed by People focusing on fulfillment of the offer contained in Portfolio, addressed to the external context defined by Position.
5P is a mental model, and got its name from five names: Positioning, Portfolio, Process, People, Performance. It was developed over time, as a result of facing different business problems to be defined and solved.
Being a mental model, you can use it in many situations. The model is appropriate when it comes to synthesis situations, like defining a business problem, describing a company or a business idea, defining a role or even planning your career. At the same time, the same model can be used for analysis situations, too, like understanding the situation of the company in terms of strategy (Position), offering (Portfolio), structure and culture (People), processes and actions (Processes) and financial results (Performance).
There is a causality relation from Position to Performance, linking all the components close together. The causality guides the actions taken in di3logy’s 5P Backwards Analysis and 5P Synthesis methods.