It’s a tiny, but extremely connected world. This is true for the information you can access across the globe and your connectivity with key decision makers and business leaders in every corner of the globe. This is most evident in global business. Global business is an expression that refers to any company or business that conducts business in countries other than its home.
As the complexity of global trade and commerce become more complex, companies big and small must take steps to ensure they are prepared to face these new issues. This means understanding the nuances and politics of international business, as well as being able to work with colleagues and partners in other countries than their own.
The undergraduate Journal of Global Business and Trade, or JGBT is a journal that features articles, reports and other comments that are relevant to global virtual meeting room for international business business. It is also the official journal of CUIBE the Consortium for Undergraduate International Business Education.
It’s important to know the ways that cultural differences affect the success of your company abroad regardless of whether you’re a business owner looking to enter global markets, or just want to ensure that your team is ready. It is essential to understand the customs, holidays and social norms that are common in the different cultures you could encounter when conducting global business. This is a great way to improve your “export intelligence.” It’s also beneficial to be able to communicate with business partners from other countries. For instance diverse cultures have different views on personal space and greetings.