Global Business 101
It’s a small, but very connected world. It’s true in the sense of your ability to access information across the globe and your connection to important decision makers and leaders across the globe. This is particularly evident in the world of global business. Global business is a term used to describe any firm or other entity that conducts business outside of its home country.
As the world’s commerce and trade become more complex, companies both large and small need to take steps to ensure that they are prepared to meet these new challenges. This involves understanding the nuances of international business and being able to work with partners and colleagues in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) is a journal that publishes research papers report, essays, and other articles that are relevant to the field of global business. It is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
If you’re a business owner who is thinking of going global or want to ensure your team is ready 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 prevalent in the various cultures you might encounter when doing global business. It’s an excellent way to boost your “export IQ.” It’s also important to be able to communicate with business associates from different countries. For example diverse cultures have different expectations of personal space and greetings.
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