Global Business 101

The old saying goes on “it’s a small planet.” This is true for the information you can access from all over the world as well as your connection to key decision makers and business leaders from all over our planet. This is more apparent than in the global business, which covers any company or organisation that conducts business outside of its home country.

As the complexity of global commerce and trade get more complicated, companies big and small must make sure they are equipped to navigate these new issues. This includes understanding international business and its nuances and also knowing how to work with partners and colleagues in other countries.

The undergraduate Journal of Global Business and Trade, or JGBT is a journal that features articles, reports and observations that are relevant to global business. It’s also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).

Whether you are an entrepreneur who is contemplating entering international markets or want to ensure your team is prepared to go global, it is important to know the cultural differences that could affect the success of your business in foreign markets. It is crucial to know the customs, holidays and social norms that are common in the cultures you may encounter while conducting business globally. This is an excellent method of increasing your “export intelligence.” It could also be helpful to know what you can expect from business partners in other countries, such as differing comfort levels with personal space or how to greet someone in a different language.

Leave a Reply

Your email address will not be published. Required fields are marked *