BUS 400 5-2 Milestone Two

6-1 Assignment: International Team Expectations

Overview

Managing an international team will present unexpected challenges.

 You are in different time zones; you have different schedules; you come from different cultures; and your own communication style may be different from that of members of your team.

 Success of a geographically distributed team can be fostered by setting expectations that are informed by best practices and the cultures of your team members.

Scenario

Your company is expanding into a new market and has formed a new team that it would like you to manage. Your manager has sent

Overview

You are excited to see the possibilities after finishing the business model canvas template. The next step is the development of the BMC slide deck for review by the experienced former project manager mentioned in the Module Four assignment.

Scenario

In the BMC slide deck, you will make educated assumptions (based on research in Marketline, Yahoo Finance, or the company’s website) about your selected company’s resources, partnerships, cost structures (what needs to be paid for), how the product or service will be marketed, value delivery (product sold online, in-store, or both), and the unique value proposition for a specific targeted market segment.

All 9 segments of your redeveloped BMC must encompass elements to achieve new product/service feasibility.

Beyond profitability, other key elements that the experienced project manager stressed were diversity, equity, and inclusion (DEI), as well as corporate social responsibility (CSR). In the marketplace, companies that have diverse project teams get varied perspectives that help the overall project. Just as important, companies that “give back” to the communities they serve do better and are supported by millennial buyers—a big target segment for many companies.

Financials, DEI, and CSR must be addressed in the funding pitch, which you will complete as your course project, due in Module Seven.

Prompt

You will create a slide deck that will help you expand on your BMC chart in detail as you refine how your selected company will create value for itself while delivering a new product or service for customers. Complete the Milestone Two Template linked in the Guidelines for Submission section for this assignment.

Specifically, you must address the following rubric criteria:

1. Deliver a unique value proposition.

   1. Leveraging the blue ocean strategy, what makes the product or service unique?

   2. How does it provide a strategic advantage in the marketplace?

2. Answer key business model questions about the customer.

   1. Customer acquisitions

   2. Revenue models

   3. Price points for the product/service

   4. Key activities for the value proposition (product or service)

3. Answer key business model questions about assets, partners, and cost.

   1. Assets available

   2. Key partners

   3. Cost structures

4. Import your existing business model canvas chart from Module Four.

5. Clarify your business model assumptions.

   1. Check your assumptions

   2. Complete the assumptions chart

6. Prepare to meet customers.

   1. Highlight the materials needed

7. Update your documentation.

   1. Targeted segment

   2. Type of value delivered

   3. How the product is unique

8. Update your business model.

   1. Complete any updates to the BMC chart

What to Submit

Submit the completed Milestone Two Template PPT. Sources should be cited according to APA style.

Supporting Materials

The following resources support your work on this Milestone:

Reading: 6 Revenue Models Every Entrepreneur Should Know
This resource provides an overview of revenue models and can be used to help you choose a model for your product/service.

Reading: Bottom-up Sales Forecasting for Pre-revenue Startups
This resource dives into the overarching concepts around forecasting sales, cash flow, selling costs, and expected average selling price per sale.

you this note:

Thank you for taking on this challenge. You have a great team, but they come from very diverse backgrounds. It’ll be up to you to make sure it is a cohesive team that communicates well and collaborates effectively. As you know, at our firm, we feel the management of our teams and human resource management are a strategic advantage for us. I would like you to write an email explaining to me what managerial approaches you will use and how you think your team will function together. Please also include your conference call invitation for your team’s introduction. I would like to review what you are going to send to your team.

Prompt

For this assignment, you will write an email and introductory conference call invitation as requested by your manager.

Team Member Locations

Your team consists of the following four members from various locations across the globe:

1. Kaspar was born in and is based in the country you choose for your course project.

2. Kelly was born in and is based in the United States.

3. Syed was born in and is based in the United Arab Emirates.

4. Nina was born in and is based in Chile.

Specifically, you must address the following rubric criteria:

• Write an email to your manager explaining how you plan to manage your team. It should include the following information:

  • Cultural considerations for each team member (For the purposes of this assignment, you can assume that each team member represents the average cultural dimensions of an average citizen of the country, and you are encouraged to use the Hofstede Insights: Compare Countries website.)

  • Common issues among diverse or global teams and potential conflicts that could occur in your team

  • Multiple management approaches you plan to use and why

  • A policy for selecting which holidays team members can take off that takes into account cultural considerations

  • A determination of whether your team will collaboratively create a team expectations and communication plan or whether you as the manager will do it on your own, explaining your decision

• Create a conference call invitation, including the time of the meeting and agenda, using this Conference Call Invitation Template.

Guidelines for Submission

Submit your email as a 200- to 350-word Microsoft Word document. Submit your conference call invitation by completing the Conference Call Invitation Template. Sources should be cited according to APA style.