External Competitiveness & Internal Equity in an Effective Compensation ProgramThe ability to create a successful market-based compensation program is contingent on a number of key variables. Yet none is more important than gaining a clear understanding of what it takes to have a compensation program that is externally competitive, while at the same time internally equitable.In this assignment:Discuss what is meant by a market-based compensation program.Explain how an organization can balance external competitiveness with internal equity to achieve a successful market-based compensation program. Be specific.Illustrate with actual examples of employers achieving this balance. Also, provide examples of organizations failing to achieve one or both and illustrate what might result.Bring in at least 5 library sources to help strengthen and support your discussion.Paper length: 4-5 pages, not counting the cover and reference pages.

PJM460 MOD6 Critical ThinkingI have included this weeks required reading as reference.RequiredChapter 8 in Leadership: Theory, Application, & Skill DevelopmentBarnwell, D., Shea, N., Rudolph, E., Mohamed, S., & Wellen, W. (2014). Leadership of international and virtual project teams. International Journal of Global Business, 7(2), 1-8.Russell, W., & Duffy, G. L. (2014). Team organization and purpose. Journal for Quality and Participation, 37(3), 8-12.RecommendedProject Management Institute [PMI]. (2017). A guide to the project management body of knowledge (PMBOK ® Guide) (6th ed.). Newton Square, PA: PMI Publications. Part 1, Chapter 2, Section 2.3.1Project Management Institute [PMI]. (2017). A guide to the project management body of knowledge (PMBOK ® Guide) (6th ed.). Newton Square, PA: PMI Publications. Part 1, Chapter 9Aarseth, W., Rolstadås, A., & Andersen, B. (2014). Managing organizational challenges in global projects. International Journal of Managing Projects in Business, 7(1), 103-132.Browne, W., Dreitlein, S., Ha, M., Manzoni, J., & Mere, A. (2016). Two key success factors for global project team leadership: Communications and human resource management. Journal of Information Technology and Economic Development, 7(2), 40-48.Option #1: Organizational Leadership: Initiating PhaseYou have been selected as the Project Manager for an Enterprise Resource Planning project that involves transitioning your Sub-business Unit from the JDE Edwards ERP system to the SAP ERP system. This project is a part of a larger vertical supply chain integration strategic initiative to consolidate multiple business units in your corporation that are in the same supply chain into a single consolidated Major Business Unit to enhance competitiveness in the marketplace.Page 413 of the course textbook lists eight options that can be utilized by leaders attempting to successfully affect change. Match each of the options with one of the following eight project stakeholders and explain the relationship between that option and that stakeholder during the project initiation phase:Functional Managers who must each assign a member of their staff to your project teamIndividual team members who have been assigned to your team by their Functional ManagersThe majority of employees in all functional departments who will have to learn to use the new ERP system and are either supportive of the change or neutral about itThe minority of employees in all functional departments who will have to learn to use the new ERP system and are vocal about their resistance to the changePMs in other Sub- Business Units who are managing projects to implement SAP in their Sub-Business Units within the same Major Business UnitSuppliers who will be ultimately be receiving PO’s from SAP instead of JDEIT personnel who are experts in JDE but must now become experts in SAP and on whom you will rely for technical supportExecutive managers who are concerned about the transition from JDE to SAP disrupting their functional areas and ability to achieve their objectives.Your well-written paper should contain a section title for each of the eight options listed on the textbook page linked to above. Within each section, you should explain why you feel that option is particularly applicable to one of the eight stakeholder groups and discuss how the option could be leveraged to help the project be successful.Submission Requirements:Prepare a 3- to 4-page paper (not including the required cover/title and reference pages and any appendices you may have) addressing your assignment requirements above.Select at least three credible, peer-reviewed, scholarly sources (published within the last five years) from the CSU-Global Library. These should be in addition to course textbooks, required or recommended readings, or lecture material that you decide to use.Format your entire paper according to the CSU-Global Guide to Writing & APA (Links to an external site.).Be clear, concise, and focused. Be sure to properly organize your writing and after the title on page 2, include an introduction with a thesis; headings/subheadings for the body of your work; analysis and recommendations (if applicable); a conclusion; list of references; and any appendices.Option #2: Organizational Leadership: Initiating PhaseSelect a hypothetical project, a project with which you have personal familiarity, or a project you research either in the CSU-Global Library or on the internet. Summarize each of the following suggestions by Lussier and Achua (2015) for successful change execution, describe it, and use an example situation or aspect from your selected project in your discussion for each suggestion:“Continuing to articulate a compelling reason for the change.Eliminate policies, procedures, and behaviors that undermine change efforts.Maintaining adequate human, financial and material resources.Forming a coalition of supporters and experts to counter any opposition.Celebrating milestones along the way.Staying the course in spite of perceived difficulties.Incentivizing workers with recognition and rewards.Keeping the process transparent.” (p. 413)Your paper should include the following titled sections:IntroductionSummary of Selected ProjectA titled section for each of the Lussier and Achua sections listed on page 413 of the textbook. You may abbreviate. For example, you could abbreviate “Celebrating milestones along the way” (Lussier & Achua, 2015, p. 413) to “Celebrating Milestones” in order to create a concise section title.ConclusionReferences.Submission Requirements:Prepare a 3- to 4-page paper (not including the required cover/title and reference pages and any appendices you may have) addressing your assignment requirements, above.Select at least three credible, peer-reviewed, scholarly sources (published within the last five years) from the CSU-Global Library. This should be in addition to course textbooks, required or recommended readings, or lecture material you decide to use.Format your entire paper according to the CSU-Global Guide to Writing & APA (Links to an external site.).Be clear, concise, and focused. Be sure to properly organize your writing. After the title on page 2, include an introduction with a thesis and mapping for your paper. Include headings/subheadings for the body of your work as well as analysis and recommendations (if applicable), a conclusion, list of references, and any appendices.

If you have not done so already, please view this video from week 3 on the three waves associated with the use of IT. Then, read the article on how smart, connected products are transforming companiesFinally, read the article on how smart, connected products are transforming competition.Based upon the above video and articles, IT can be described as having three waves: automate individual functions, integrate value chains, incorporate IT into product and service offerings. Give an example of each (automate, integrate, incorporate) for specific businesses and cite your sources. Internet sources are OK if you provide the hyperlink. You can use the same business for each of the 3 categories or different businesses for different categories. Do not use the examples already posted by other students or the examples in the attached articles.