The old saying abounds “it’s a small world.” It certainly is in terms of the ability to access information across the globe and the ability to connect with business leaders and other important decision makers from every corner of the globe. This is most evident in global business. Global business is an expression used to describe any business or other entity that conducts business in countries other than its home.
As the complexities of identify a good global business interpreter global trade and commerce become more complex, businesses both small and large must take steps to ensure they are well-equipped to handle these new problems. This includes knowing the nuances, politics and implications of international business, and being able to work with colleagues and partners in other countries than their own.
The undergraduate Journal of Global Business and Trade (JGBT) features research papers as well as reports and commentaries that pertain to the field of global business. It is also the official journal of CUIBE The Consortium for Undergraduate International Business Education.
Whether you are a business owner who is thinking of entering global markets or simply want to ensure that your team is ready for the future, it’s crucial to know how cultural differences might affect the success of your business in foreign markets. It is important to learn the customs, holidays, and social norms that are prevalent in the different cultures you could encounter while conducting international business. It’s the best way to increase your “export IQ.” It could also be helpful to know what you can expect from business acquaintances in other countries, including the different levels of comfort in personal space or how to greet a coworker in a foreign language.
