Global Business 101

The old saying is that “it’s a small world.” It certainly is in terms of read this the accessibility to information across the globe and the ability to connect with business leaders and other key decision makers in every part of the world. This is most evident in the world of global business. Global business is an expression used to describe any company or business that conducts business in countries other than its home.

As the world’s commerce and trade become more complex, companies both large and small need to take steps to ensure they are well-equipped to handle these new issues. This includes understanding international business and its nuances and also being able to work effectively with partners and colleagues from other countries.

The undergraduate Journal of Global Business and Trade (JGBT) includes research papers reports, articles, and commentary that pertain to the area of global business. It is also the official journal of CUIBE The Consortium for Undergraduate International Business Education.

Whether you are a business owner considering expanding into international markets or want to ensure your team is prepared, it’s important to understand the impact of cultural differences on the success of your business abroad. This means learning the customs of holidays, beliefs, and social customs of the various cultures you might encounter in your international business ventures. This is a great way of increasing your “export intelligence.” It could also be helpful to know what to expect from business partners in other countries, such as differing comfort levels with personal space or how to greet your coworker in a different language.

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