The old adage is “it’s a small planet.” It certainly is with regard to the access you have to information from all over the planet as well as the ability to connect with business leaders and key decision makers in every corner of the globe. This is most evident in global business. Global business is the term that refers to any company or other entity that conducts business outside of its home country.
As the challenges of global trade and commerce become more complex, companies big and small must make sure they are prepared to meet these new problems. This means understanding the nuances and the politics of international business, and knowing how to collaborate with partners and colleagues in countries that are different from their own.
The undergraduate Journal of Global Business and Trade, or JGBT contains articles, reports and commentary that are relevant to global business. It is also the official journal of CUIBE The Consortium for Undergraduate International Business Education.
It’s crucial to be aware of the ways that cultural differences affect the performance of your business abroad and whether you’re a owner who is thinking of entering global markets, or just need to ensure that your employees are prepared. It is crucial to know the customs, holidays, and social norms that are prevalent in the www.terraeconomy.com/2021/07/13/generated-post-2 different cultures you could encounter when doing global business. It’s the best way to increase your “export IQ.” It’s also important to be able to communicate with business associates from different countries. For example diverse cultures have different views on personal space and greetings.
