Global Business 101
It’s a tiny, but very connected world. This is true for your ability to access information from all over the world as well as your ability to connect with important decision makers and leaders in every corner of our planet. And this is never more apparent than in global business, which covers any company or organisation that operates outside of its home country.
Companies of all sizes must be prepared to face the challenges of global trade. This involves understanding international business and its nuances and also knowing how to work with partners and colleagues in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers, reports, and commentaries that pertain to the field of global business. It is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
It is important to understand what cultural differences can impact the success of your company abroad and whether you’re a owner considering entering international markets, or simply want to make sure that your team is prepared. This means understanding the customs as well as the holidays, beliefs, and social norms of the different cultures you could encounter in your international business ventures. This is an excellent method to increase your “export intelligence.” It can also be beneficial to know what you can expect from business colleagues in other countries, such as the different levels of comfort in personal space or how to greet your coworker in a different language.
