Global Business 101

The old adage is “it’s an incredibly small world.” It’s true in the sense of your ability to access information from all over the world as well as your connections to key decision makers and business leaders across the globe. This is most evident in the world of global business. Global business is a term that refers to any company or organization who conducts business outside of its home country.

All businesses must ensure that they are prepared to face the challenges of global trade. This means understanding the nuances and complexities of international business, and knowing how to collaborate with partners and colleagues in countries with different cultures than their own.

The undergraduate Journal of Global Business and Trade JGBT, also known as JGBT is a journal that features reports, articles and other comments that are relevant to global business. It is also the official journal of CUIBE which is the Consortium for Undergraduate International Business Education.

It’s important to know how cultural differences can affect the success of your company abroad regardless of whether you’re a business owner looking to enter international markets, or simply want to make sure your team is prepared. It is crucial to know the customs, holidays, and social norms that are prevalent in the various cultures you might encounter when conducting global business. This is an excellent method to increase your “export intelligence.” It’s also useful to be able to communicate with business associates from different countries. For example, different cultures have different standards for personal space and greetings.

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