Global Business 101

It’s a tiny, but extremely connected world. It certainly is with regard to the accessibility to information from all over the world and the connection you have with business leaders and other key decision makers in every part of the world. This is particularly evident in global business. Global business is an expression that refers to any company or organization who conducts business outside of its home country.

Companies of all sizes must ensure that they are ready to meet the demands of global trade. This means knowing the nuances, politics and implications of international business, as well as knowing how to collaborate with colleagues and partners in countries with different cultures from their own.

The undergraduate Journal of Global Business and Trade (JGBT) contains research papers reports, articles, and commentary that are relevant to the business of globalization. It’s also an official publication of the Consortium for Undergraduate International Business Education (CUIBE).

It’s important to know what cultural differences can impact the success of your company abroad regardless of whether you’re a company owner who is thinking of entering international markets, or simply want to make sure that your team is well-prepared. It is crucial to understand the customs, holidays and social norms that are prevalent in the different cultures that you will encounter when doing global business. It’s a great way to increase your “export IQ.” It might also be helpful to know what you can expect from business partners in different countries, like the different levels of comfort in personal space or how to greet a colleague in a foreign language.

www.terraeconomy.com/2020/09/16/global-business-and-intenrational-business-whats-the-diference