The old adage is «it’s a small planet.» It’s true with regard to the information you can access from all over the world as well as your connectivity with important decision makers and business leaders in every corner of the globe. This is most evident in global business. Global business is a term that refers to www.terraeconomy.com/2022/01/04/the-benefits-of-crossborder-entrepreneurship any company or other entity that conducts business outside of its home country.
As the world’s trade and commerce get more complicated, companies both small and large must make sure they are prepared to meet these new challenges. This means understanding the nuances and complexities of international business, and knowing how to collaborate with colleagues and partners from countries that are different than their own.
The undergraduate Journal of Global Business and Trade (JGBT) includes research papers reports, articles, and commentary that pertain to the field of global business. It is also the official journal of CUIBE, the Consortium for Undergraduate International Business Education.
It’s crucial to be aware of the ways that cultural differences affect the performance of your business abroad and whether you’re a owner looking to enter international markets, or simply need to ensure that your team is prepared. This means learning the customs, holidays, beliefs and social customs of the various cultures you might encounter in your global business ventures. It’s an excellent way to improve your «export IQ.» It’s also helpful to be able to communicate with business associates from different countries. For example, different cultures have different views on personal space and greetings.