It’s a tiny, but extremely connected world. It certainly is in terms of the access you have to information from all over the world and the connection you have with business leaders and other key decision makers in every corner of the globe. This is especially evident in the world of global business. Global business is a term used to describe any business or other entity that conducts business outside of its home country.
As the world’s trade and commerce become more complex, companies both small and large must take steps to ensure they are prepared to face these new issues. This means understanding the nuances and politics of international business, as well as knowing how to collaborate with partners and colleagues from countries that are different than their own.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers reports, articles, and commentary that are relevant to the area of 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 expanding into international markets or need to ensure your team is ready to take on the world, it’s essential to know the impact of cultural differences on the success of your business abroad. This includes learning about the customs of holidays, beliefs, and social norms of various cultures you might encounter in your global business endeavors. It’s an excellent way to improve your « export IQ. » It could also be helpful to know what you can expect from business partners in other countries, such as the different levels of comfort in personal space or how to greet someone in a foreign language.