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Global Business 101

It’s a small, yet very connected world. It certainly is in relation to the access you have to information from all over the planet as well as the ability to connect with business leaders and other important decision makers from every corner of the globe. This is most evident in global business. Global business is the term used to describe any business or organization who conducts business outside of its home country.

As the world’s trade and commerce become more complex, companies big and small must take steps to ensure that they are equipped to navigate these new issues. This includes knowing the nuances and complexities of international business, and being able to work with colleagues and partners in other countries from their own.

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

Whether you are an entrepreneur who is contemplating going global or need to ensure your team is prepared, it’s important to understand how cultural differences might affect the success of your business in foreign markets. It is important to learn the customs, holidays and social norms that are prevalent in the cultures you may encounter when doing global business. It’s an excellent way to improve your “export IQ.” It might also be helpful to know what you can expect from business acquaintances in other countries, including 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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