The old saying abounds «it’s an extremely small world.» It certainly is with regard to the accessibility to information from all over the planet and the connectivity with business leaders and key decision makers in every part of the world. And this is never more evident than in the world of global business, a term that covers any company or organisation that operates outside of its home country.
As the challenges of global commerce and trade get more complicated, companies both small and large must make sure they are equipped to navigate these new issues. This includes knowing the nuances and the politics of international business, as well as being able to work with colleagues and partners in countries with different cultures than their own.
The undergraduate Journal of Global Business and Trade (JGBT) is a journal that publishes research papers as well as reports and commentaries that pertain to the business of globalization. It is also the official journal of CUIBE The Consortium for Undergraduate International Business Education.
If you’re a business owner who is thinking of expanding into international markets or want to make sure your team is prepared to go global, it is important to know the cultural differences that could affect your company’s success abroad. It is crucial to know the customs, holidays, and social norms that are common in the different cultures that you will encounter when conducting global business. It’s an excellent way to improve your «export IQ.» It might also be helpful to know what to expect from business partners in other countries, including the different levels of comfort in personal space or how to greet a colleague in a different language.
