The old adage is “it’s an extremely small world.” This is true for your ability to access information from all over the world as well as your connections to important decision makers and leaders across our planet. This is evident most in the world of global business. Global business is a term used to describe any firm or business that conducts business outside of its home country.
As the complexity of global trade and commerce become more complex, businesses both small and large must take steps to ensure they are equipped to navigate these new virtual meeting room for international business issues. This includes understanding international business and its nuances and knowing how to work with colleagues and partners in other countries.
The undergraduate Journal of Global Business and Trade, or JGBT includes articles, reports, and comments that are relevant to global business. It is also the official journal of CUIBE, the Consortium for Undergraduate International Business Education.
Whether you are an entrepreneur who is contemplating entering international markets or want to ensure your team is prepared, it’s important to understand how cultural differences might affect the success of your business abroad. It is essential to understand the customs, holidays and social norms that are common in the different cultures you could encounter while conducting international business. It’s an excellent way to boost your “export IQ.” It’s also important to be able to communicate with business colleagues from other countries. For example, different cultures have different expectations of personal space and greetings.