The old saying abounds “it’s an extremely small world.” It certainly is in the sense of the ability to access information from all over the world and the ability to connect with business leaders and other key decision makers in every part of the world. This is most evident in global business. Global business is a term that refers to any company or organization who conducts business outside of the country in which it is headquartered.
All businesses must ensure that they are ready to face the challenges of global trade. This means knowing the nuances and the politics of international business, and being able to work with partners and colleagues from countries that are different than their own.
The undergraduate Journal of Global Business and Trade (JGBT) includes research papers, reports, and commentaries that are relevant to the area of global business. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
If you’re an owner of a business that is considering expanding into international markets or need to ensure your team is prepared, it’s important to understand how cultural differences might affect the success of your business abroad. This involves learning about the customs, holidays, beliefs and social norms of the various cultures you might encounter in your global business ventures. This is a great way to increase your “export intelligence.” It can also be beneficial to know what you can expect from business colleagues in other countries, including the different levels of comfort in personal space or how to greet your coworker in a foreign language.
www.terraeconomy.com/2020/04/07/global-business-ideas-in-entrepreneurship
