It’s a small, yet very connected world. It certainly is with regard to the access you have to information from all over the planet and the connectivity with business leaders and other key decision makers in every corner of the globe. This is most evident in global business. Global business is an expression used to describe any business or entity that operates outside of its home country.
As the world’s commerce and trade become more complex, companies both large and small need to take steps to ensure they are prepared to meet these my link new problems. This includes understanding international business and its nuances, as well knowing how to work with partners and colleagues in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) includes research papers, reports, and commentaries that pertain to the area of global business. It is also the official journal of CUIBE The Consortium for Undergraduate International Business Education.
It is important to understand the ways that cultural differences affect the success of your company abroad regardless of whether you’re a business owner looking to enter global markets, or want to ensure that your team is prepared. This means understanding the customs such as holidays, beliefs, holidays and social norms of the various cultures you might encounter in your international business ventures. It’s an excellent way to boost your “export IQ.” It may also be helpful to know what to expect from business partners in other countries, such as different levels of comfort with personal space or how to greet a coworker in a different language.