6 Ιουνίου 2024
It’s a tiny, but very connected world. It’s true in the sense of the information you can access from around the world and your connection to important decision makers and leaders from all over our planet. This is most evident in global business. Global business is a term that refers to any company or other entity that conducts business outside of its home country.
As the world’s commerce and trade become more complex, businesses big and small must take steps to ensure they are equipped to navigate these new challenges. This means understanding the nuances, politics and implications of international business, as well as knowing how to collaborate with partners and colleagues from countries that are different than their own.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers as well as reports and commentaries that pertain to the field of global business. It is also the official journal of CUIBE which is the Consortium for Undergraduate International Business Education.
It’s crucial to be aware of the impact of cultural differences on the performance of your business abroad regardless of whether you’re a business owner looking to enter international markets, or want to make sure your employees are prepared. This involves learning about the customs of holidays, beliefs, and social customs of the diverse cultures you may encounter in your international business ventures. This is an excellent method to increase your “export intelligence.” It’s also important to be able to communicate with business partners from other countries. For example diverse cultures have different standards for personal space and greetings.