06 Juin Global Business 101
The old saying is that « it’s an extremely small world. » It’s true in terms of your ability to access information across the globe and your ability to connect with important decision makers and business leaders in every corner of the globe. This is more evident than in global business, a term that covers any company or organisation that conducts business outside its home country.
As the challenges of global trade and commerce become more complex, companies both large and small need to make sure they are well-equipped to handle these new challenges. This means knowing the nuances and complexities of international business, and knowing how to collaborate with partners and colleagues in other countries than their own.
The undergraduate Journal of Global Business and Trade (JGBT) includes research papers report, essays, and other articles that pertain to the area of global business. It’s also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
It’s crucial to be aware of what cultural differences can impact the success of your company abroad and whether you’re a owner who is considering entering international markets, or simply need to ensure that your team is ready. It is important to learn the customs, holidays and social norms that are prevalent in the various cultures you might encounter when doing global business. This is a fantastic way to improve your « export intelligence. » It may also be helpful to know what to expect from business associates in other countries, including differing comfort levels with personal space or how to greet a colleague in a foreign language.