UNIT 6_Managing Digital Buisness Internationally

What has enabled businesses to reach a global customer base?

• Telegraph machines

• E-commerce platforms

• Social media

• Fiber-optic line

What makes economies vulnerable to disruptions?

• Global supply chains

• Isolationism

• Self-sufficiency

• Local markets

What do you need to consider when communicating cultural sensitivity in a digital business environment?

• Use a single cultural perspective

• Use a single target user feedback

• Adaptation to Local Regulations

• Respect for Traditions and Values

What has led to increased outsourcing and offshoring of business processes?

• Ease of communication and data transfer

• Telegraph machines

• Globalization (economical and cultural)

• 5G

What is used as a reference time against which other time zones are defined?

• Australian Eastern Standard Time (AEST)

• Central Standard Time (CST)

• Greenwich Mean Time (GMT)

• Central European Time (CET)

What is a tool to drive a product's growth summarized in one metric?

• North Star Metric

• East Star Metric

• South Star Metric

• West Star Metric

What factors have contributed to the natural interconnection of markets?

• Digital Technologies and Communication

• Financial Integration

• Carrier pigeons

• Global Supply Chains

What elements can facilitate the design of digital businesses to achieve global success?

• Globalization of Digital Platforms

• Brand Image and Reputation

• Cultural Sensitivity and Adapting to Diverse Markets

• Focusing on a single target

What aspects need to be taken into account in order to synchronise teams globally?

• Flexible Working Hours

• Clear Communication Protocols

• Regular Check-ins

• Global Team Building

How can you overcome the time zone challenges of managing global teams?

• Ignore time zone differences and stick to one standard meeting time for everyone
• Require all team members to work during the same hours regardless of time zone
• Avoid using any scheduling tools and rely solely on email for communication
• Utilize scheduling software, establish clear communication protocols, rotate meeting times, encourage asynchronous communication.