The old saying is that “it’s an extremely small world.” It certainly is in terms of the access you have to information from all over the world and the connection you have with business leaders and www.terraeconomy.com/2022/01/04/the-benefits-of-crossborder-entrepreneurship important decision makers from every part of the world. And this is never more apparent than in the global business, a term that includes any business or organization which conducts business outside of its home country.
As the world’s commerce and trade get more complicated, companies large and small must make sure they are equipped to navigate these new issues. This includes understanding the nuances and the politics of international business, and 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, also known as JGBT is a journal that features reports, articles and observations that are relevant to global business. It’s also an official publication of the Consortium for Undergraduate International Business Education (CUIBE).
It’s important to know how cultural differences can affect the success of your business abroad regardless of whether you’re a business owner looking to enter global markets, or just want to ensure that your team is ready. It is crucial to know the customs, holidays and social norms that are common in the different cultures you could encounter while conducting business globally. It’s a great way to increase your “export IQ.” It’s also helpful to be able to communicate with business colleagues from other countries. For instance, different cultures have different standards for personal space and greetings.