It’s a small, yet very connected world. It’s true with regard to the information you can access from all over the world as well as your ability to connect with important decision makers and business leaders from all over the globe. This is never more apparent than in global business, a term that includes any business or organization that conducts business outside of its home country.
As the complexity of global trade and commerce become more complex, companies both small and large must take steps to ensure they are prepared to meet these new issues. This includes understanding international business and its nuances and also being able to work effectively with partners and colleagues in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers reports, articles, and commentary that pertain to the field of global business. It is also the official journal of CUIBE which is the Consortium for Undergraduate International Business Education.
It’s crucial to know how cultural differences can affect the success of your company abroad regardless of whether you’re a business owner considering entering international markets, or need to ensure that your employees read this are prepared. It is crucial to understand the customs, holidays, and social norms that are prevalent in the various cultures you might encounter while conducting international business. This is a great method to increase your «export intelligence.» It may also be helpful to know what you can expect from business associates in other countries, including different levels of comfort with personal space or how to greet your coworker in a foreign language.