The old saying is that “it’s a small world.” It’s true with regard to your access to information from around the world and your connectivity with the most important decision makers and business leaders from all over our planet. This is particularly evident in global business. Global business is an expression used to describe any company or entity that operates outside of its home country.
Companies of all sizes must ensure that they are ready to face the challenges of global trade. This includes understanding the nuances of international business and also being able to work effectively with partners and colleagues from other countries.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers reports, articles, and commentary that are relevant to the business of globalization. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
If you’re a business owner who is thinking of entering international markets or want to make sure your team is prepared for the future, it’s crucial to know how cultural differences might affect the success of your business in foreign markets. It is crucial to understand the customs, holidays and social norms that are prevalent in the different cultures you could encounter when doing global business. It’s an excellent way to boost your “export IQ.” It’s also important to know how to interact with business associates from different countries. For example various cultures have different expectations about personal space and greetings.
