It’s a small, yet extremely connected world. It’s true with regard to your access to information from all over the world as well as your connectivity with important decision makers and business leaders from all over the globe. This is especially evident in global business. Global business is the term used to describe any company or organization who conducts business outside of its home country.
As the complexity of global trade and commerce become more complex, businesses both large and small need to take steps to ensure that they are prepared to meet these new issues. This means understanding the nuances and complexities of international business, and knowing how to collaborate with colleagues and partners in countries that are different than their own.
The undergraduate Journal of Global Business and Trade, or JGBT is a journal that features reports, articles and observations that are relevant to global business. It is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
Whether you are an owner of a business that is considering entering global markets or simply want to make sure your team is ready to take on the world, it’s essential to know the cultural differences that could affect your business’s performance abroad. This includes learning about the customs, holidays, beliefs and social norms of diverse cultures you may encounter in your international business endeavors. This is an excellent method to improve your “export intelligence.” It’s also helpful to be able to communicate with business colleagues from other countries. For example the different cultures have different expectations of personal space and greetings.