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Global Business 101

The old adage is “it’s a small planet.” It’s true with regard to your ability to access information from all over the world as well as your connections to important decision makers and business leaders in every corner of our planet. This is more apparent than in global business, a term that encompasses any organization or company which conducts business outside of its home country.

As the challenges of global commerce and trade become more complex, companies both small and large must make sure they are prepared to face these new problems. This includes knowing the nuances and the politics of international business, as well as being able to work with colleagues and partners from countries that are different from their own.

The undergraduate Journal of Global Business and Trade (JGBT) is a journal that publishes research papers, reports, and commentaries that are relevant to the world of global business. It is also the official journal of CUIBE the Consortium for Undergraduate International Business Education.

If you’re an owner of a business that is considering going global or want to ensure that your team is ready to take on the world, it’s essential to know the cultural differences that could affect your company’s success abroad. It is important to learn the customs, holidays and social norms that are common in the various cultures you might encounter when doing global business. It’s a great way to increase your “export IQ.” It may also be helpful to know what to expect from business associates in other countries, such as differing comfort levels with personal space or how to greet someone in a foreign language.

www.terraeconomy.com/2022/01/04/the-benefits-of-crossborder-entrepreneurship

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