Global Business 101

It’s a small, but very connected world. It certainly is in the sense of the ability to access information from all over the world as well as the ability to connect with business leaders and key decision makers in every part of the world. This is evident most in the world of global business. Global business is a term that refers to any company or entity that operates outside of the country in which it is headquartered.

Companies of all sizes must be prepared to face the challenges of global trade. This involves understanding international business and its nuances and also knowing how to work with partners and colleagues in other countries.

The undergraduate Journal of Global Business and Trade (JGBT) is www.terraeconomy.com/2022/01/04/global-business-and-crossborder-entrepreneurship a journal that publishes research papers as well as reports and commentaries that are relevant to the business of globalization. It is also the official journal of CUIBE the Consortium for Undergraduate International Business Education.

It’s important to know what cultural differences can impact the success of your company abroad and whether you’re a owner considering entering global markets, or want to ensure that your team is well-prepared. This includes learning about the customs as well as the holidays, beliefs, and social norms of diverse cultures you may encounter in your international business endeavors. This is a great way to improve your “export intelligence.” It’s also beneficial to be able to communicate with business partners from other countries. For instance the different cultures have different expectations about personal space and greetings.