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Comparison of company strategies - Essay Example

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In this discussion, we shall compare the HR practices of Ryanair and 3M to illustrate these differences. Alignment between strategy and organization is critical to meeting the firm’s strategic objectives because organization and strategy are interdependent. …
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Comparison of company strategies
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"Comparison of company strategies"

In summary, it is evident that an organization’s strategic focus determines its HR strategy and policies as well. Organizations would encourage their employees to perform those actions that sustain its competitive advantage and steers it towards achieving its long-term goals. This is well-illustrated by the very different approach of 3M’s reward schemes for innovation and tolerance of failure in comparison to Ryanair’s. 3M has been able to retain its market leadership through technological innovation, market responsiveness and institutionalized entrepreneurship. Being a company that pursues a differentiation strategy, 3M manages its HR practices in a way that ensures entrepreneurs are rewarded and recognized, in both monetary and non-monetary terms. The organization also offers a dual-ladder career track. This allows 3M employees to continue pursuing their professional interests because they are guaranteed of progress irrespective of their field. Most of all, at 3M managers are taught to support employees who are involved in failed projects by quickly moving them on to something so as not to kill their initiative. Employees are also granted “bootleg” time to spend on projects of their own interest that may not be directly related to their day-to-day activities. On the other hand, Ryanair is an airline company that utilizes the low-cost strategy as a competitive advantage. This implies that for Ryanair to remain competitive it must provide incentives to its staff that reward implementing cost-reducing process innovations. Read More
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