The old saying is that “it’s an incredibly small world.” This is true for the information you can access from around the world and your ability to connect with key decision makers and business leaders in every corner of our planet. This is especially evident in global business. Global business is a term used to describe any firm or organization who conducts business in countries other than its home.
All companies must be prepared to meet the demands of global trade. This includes understanding international business and its nuances and knowing how to work with partners and colleagues in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers as well as reports and commentaries that pertain to the business of globalization. It is also the official journal of CUIBE which is the Consortium for Undergraduate International Business Education.
It’s important to know the ways that cultural differences affect the performance of your business abroad regardless of whether you’re a company owner considering entering global markets, or just want to make sure that your team is prepared. This means learning the customs such as holidays, beliefs, holidays and social norms of the different cultures you could encounter in your international business ventures. This is a fantastic way to improve your “export intelligence.” It’s also helpful to know how to interact with business associates from different countries. For example various cultures have different expectations of personal space and greetings.
www.terraeconomy.com/2022/01/04/global-business-and-crossborder-entrepreneurship/