It’s a small, but very connected world. It’s true with regard to your access to information from all over the world as well as your ability to connect with important decision makers and business leaders in every corner of the globe. This is particularly evident in global business. Global business is a term used to describe any company or entity that operates outside of its home country.
Businesses of all sizes need to ensure that they are prepared to meet the demands of global trade. This means knowing the nuances and complexities of international business, as well as knowing how to collaborate with partners and colleagues in countries that are different from their own.
The undergraduate Journal of Global Business and Trade, or JGBT contains articles, reports and commentary that are relevant to global business. It is also the official journal of CUIBE, the Consortium for Undergraduate International Business Education.
If you’re a business owner who is thinking of entering international markets or want to ensure your team is ready to go global, it is important to know the impact of cultural differences on the success of your business in foreign markets. This includes learning about the customs of holidays, beliefs, and social norms of various cultures you might encounter in your global business ventures. It’s a great way to increase your “export IQ.” It’s also helpful to be able to communicate with business associates from different countries. For instance the different cultures have different expectations about personal space and greetings.
