Global Business 101

The old saying is that “it’s an incredibly small world.” It certainly is with regard to the access you have to information from all over the planet and the connectivity with business leaders and other important decision makers from every part of the world. This is evident most in the world of global business. Global business is the term used to describe any firm or business that conducts business in countries other than its home.

All businesses must ensure that they are ready to meet the demands of global trade. This means knowing the nuances and complexities of international business, as well as being able to work with colleagues and partners from countries that are different from their own.

The undergraduate Journal of Global Business and Trade JGBT, or JGBT, features reports, articles, and comments that are relevant to global business. It’s also an official publication of the Consortium for Undergraduate International Business Education (CUIBE).

It’s crucial to know how cultural differences can affect the performance of your business abroad, whether you’re a business owner who is thinking of entering global markets, or just want to make sure your team is prepared. This means learning the customs, holidays, beliefs and social norms of various cultures that you will encounter in your international business ventures. This is a great method of increasing your “export intelligence.” It can also be beneficial to know what you can expect from business acquaintances in other countries, such as differing comfort levels with personal space or how to greet your coworker in a foreign language.