Global Business 101

It’s a small, yet very connected world. It’s true in the sense of your ability to access information from all over the world and your connections to key decision makers and business leaders in every corner of the globe. This is more evident than in the world of global business, which encompasses any company or organization that conducts business outside its home country.

As the world’s trade and commerce become more complex, companies both small and large must make sure they are prepared to meet these new challenges. This involves understanding the nuances of international business as well as knowing how to work with partners and colleagues in other countries.

The undergraduate Journal of Global Business and Trade JGBT, or JGBT contains articles, reports and observations that are relevant to global business. It is also the official journal of CUIBE which is the Consortium for Undergraduate International Business Education.

It’s crucial to know how cultural differences can affect the performance of your business abroad regardless of whether you’re a business owner who is considering entering global markets, or want to ensure that your team is prepared. This includes learning about the customs, holidays, beliefs and social norms of the diverse cultures you may encounter in your global business endeavors. It’s the best way to increase your “export IQ.” It’s also useful to be able to communicate with business associates from other countries. For example various cultures have different standards for personal space and greetings.