The old adage is “it’s a small planet.” It’s true in the sense of the information you can access from all over the world and your ability to connect with key decision makers and business leaders in every corner of our planet. This is especially evident in global business. Global business is an expression used to describe any business or other entity that conducts business in countries other than its home.
Businesses of all sizes need to be prepared to meet the challenges of global trade. This means understanding the nuances and politics of international business, as well as being able to work with colleagues and partners from countries that are different than their own.
The undergraduate Journal of Global Business and Trade (JGBT) features research papers, reports, and commentaries that are relevant to the area of global business. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
If you’re an owner of a business that is considering expanding into international markets or want to ensure that your team is ready to go global, it is important to know the ways that cultural differences can affect your company’s success abroad. This means understanding the customs as well as the holidays, beliefs, and social norms of diverse cultures you may encounter in your international business ventures. This is a great method to improve your “export intelligence.” It’s also important to be able to communicate with business associates from different countries. For example various cultures have different standards for personal space and greetings.