Global Business 101

It’s a small, but very connected world. It’s true in the sense of the information you can access from all over the world as well as your ability to connect with important decision makers and leaders in every corner of the globe. This is particularly evident in global business. Global business is a term used to describe any firm or other entity that conducts business in countries other than its home.

As the complexity of global trade and commerce get more complicated, companies both large and small need to take steps to ensure that they are prepared to meet these new issues. This includes understanding the nuances of international business and also being able to work effectively with partners and colleagues in other countries.

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

If you’re a business owner considering going global or want to ensure your team is prepared for the future, it’s crucial to know how cultural differences might affect the success of your business in foreign markets. It is important to learn the customs, holidays and social norms that are prevalent in the cultures you may encounter while conducting international business. This is a fantastic way to increase your “export intelligence.” It’s also helpful to know how to interact with business colleagues from other countries. For instance, different cultures have different views on personal space and greetings.

www.terraeconomy.com/2020/03/18/virtual-meeting-room-for-international-business/