The old adage is “it’s an extremely small world.” This is true for your access to information from around the world and your ability to connect with important decision makers and leaders from all over our planet. This is nowhere more evident than in the world of global business, which encompasses any organization or company which conducts business outside of its home country.
As the challenges of global trade and commerce become more complex, companies large and small must take steps to ensure they are equipped to navigate these new issues. This means knowing the nuances and the politics of international business, as well as being able to work with partners and colleagues in countries with different cultures from their own.
The undergraduate Journal of Global Business and Trade (JGBT) is a journal that publishes research papers report, essays, and other articles that are relevant to the business of globalization. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
If you’re an entrepreneur who is contemplating expanding into international markets or want to make sure your team is ready to take on the world, it’s essential to know the cultural differences that could affect your company’s success abroad. It is essential to understand the customs, holidays and social norms that are common in the different cultures that you will encounter while conducting business globally. It’s the best way to increase your “export IQ.” It could also be helpful 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 someone in a foreign language.