The old saying is that “it’s an extremely small world.” It’s true in the sense of the information you can access from around the world and your ability to connect with important decision makers and leaders in every corner of our planet. This is most evident in global business. Global business is a term that refers to any company or other entity that conducts business outside of its home country.
Businesses of all sizes need to ensure that they are prepared to face the challenges of global trade. This includes knowing the nuances, politics and implications of international business, and knowing how to collaborate with colleagues and partners in countries with different cultures than their own.
The undergraduate Journal of Global Business and Trade The journal, also known as JGBT is a journal that features reports, articles and observations that are relevant to global business. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
It’s crucial to know the impact of cultural differences on the performance of your business abroad and whether you’re a owner considering entering international markets, or want to make sure your team is ready. It is crucial to understand the customs, holidays, and social norms that are common in the various cultures you might encounter while conducting business globally. It’s an excellent way to boost your “export IQ.” It’s also helpful to be able to communicate with business associates from different countries. For instance, different cultures have different views on personal space and greetings.