Global Business 101

The old adage is “it’s a small world.” It certainly is in terms of access to information across the globe and the connection you have with business leaders and key decision makers in every corner of the globe. This is most evident in global business. Global business is a term used to describe any firm or business that conducts business outside of the country in which it is headquartered.

As the challenges of global commerce and trade become more complex, companies big and small must make sure they are equipped to navigate these new challenges. This includes understanding international business and its nuances, as well being able to work effectively with partners and colleagues from other countries.

The undergraduate Journal of Global Business and Trade (JGBT) contains research papers as well as reports and commentaries that pertain to the field of global business. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).

If you’re an entrepreneur who is contemplating going global or want to make sure your team is ready for the future, it’s crucial to know how cultural differences might affect your business’s performance abroad. It is crucial to understand the customs, holidays, and social norms that are prevalent in the cultures you may encounter when doing global business. This is a great way to improve your “export intelligence.” It might also be helpful to know what you can expect from business colleagues in other countries, for example, the different levels of comfort in personal space or how to greet someone in a foreign language.

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