It’s a tiny, but very connected world. It certainly is in relation to the ability to access information from all over the planet and the connectivity with business leaders and other important decision makers from every corner of the globe. This is particularly evident in global business. Global business is the term that refers to any company or organization who conducts business outside of its home country.
As the world’s commerce and trade become more complex, businesses large and small must take steps to ensure they are prepared to meet these new challenges. This means understanding the nuances and the politics of international business, as well as knowing how to collaborate with partners and colleagues in countries that are different from their own.
The undergraduate Journal of Global Business and Trade JGBT, or JGBT, features articles, reports and other comments that are relevant to global business. It is also the official journal of CUIBE, the Consortium for Undergraduate International Business Education.
It is important to understand the impact of cultural differences on the success of your business abroad regardless of whether you’re a company owner who is thinking of entering international markets, or simply want to ensure that your team is well-prepared. It is crucial to understand the customs, holidays and social norms that are prevalent in the different cultures you could encounter while conducting international business. This is an excellent method of increasing your « export intelligence. » It’s also important to know how to interact with business colleagues from other countries. For instance diverse cultures have different views on personal space and greetings.
