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The examination of digital platforms reveals their crucial role in e-commerce, emphasizing their integration within business ecosystems rather than just their technological capabilities. Tobias Wulfert analyzes these platforms through five distinct lenses, highlighting how they drive value creation and capture across various industry sectors. This study delves into the economic significance of digital platforms, offering insights into their multifaceted impact on contemporary business practices.

Focusing on the interplay between national cultures and individual perceptions of time, this seminar paper explores how cultural differences impact global virtual teams (GVTs) and their temporal coordination. It assesses the role of information and communication technology (ICT) on team dynamics and the surrounding environment. By reviewing existing literature on GVTs and temporal coordination, the paper identifies specific time perception dimensions and integrates them with cultural dimensions to highlight implications for team effectiveness.

The paper explores how economic trends like globalization, market uncertainty, and rising customer demands compel companies to enhance their responsiveness to improve competitiveness. It emphasizes the need for greater cross-functional alignment and collaboration both internally among departments and externally with suppliers and customers. By addressing these challenges, businesses can better navigate complexities and adapt to shorter product life cycles, ultimately fostering a more competitive edge in the market.