Observe that $3^0>0^3,3^1>1^3$ and $3^2>2^3$
So, the proposition is true for $P(0),P(1),P(2)$
Let $P(m)$ is true i.e., $3^m\ge m^3$
For $P(m+1),$
$3^{m+1}=3\cdot 3^m\ge3m^3$ which needs to be $\ge (m+1)^3$
$\implies 3\ge \left(1+\frac1m\right)^3$
Now, $\left(1+\frac12\right)^3=\frac{27}8>3,\left(1+\frac13\right)^3=\frac{64}{27}<3$
and $\left(1+\frac1m\right)^3>\left(1+\frac1{m+1}\right)^3$ for $m\in N^+$
$\implies \left(1+\frac1m\right)^3<3$ for $m\ge 3$
So, the proposition is true for $P(m)$ for $m\ge 3$ and we have already proved for $m=1,2$