It’s a tiny, but extremely connected world. It’s true in the sense of your ability to access information from all over the world as well as your connections to the most important decision makers and business leaders in every corner of the globe. This is nowhere more apparent than in global business, a term that covers any company or organisation which conducts business outside of its home country.
As the complexities of global trade and commerce get more complicated, companies big and small must make sure they are equipped to navigate these new issues. This involves understanding international business and its nuances and knowing how to work with colleagues and partners in other countries.
The undergraduate Journal of Global Business and Trade, or JGBT, features reports, articles, and comments that are relevant to global business. It’s also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
Whether you are a business owner considering going global or want to ensure that your team is ready to go global, it is important to know the cultural differences that could affect the success of your business in foreign markets. It is essential to understand the customs, holidays, and social norms that are prevalent in the different cultures you could encounter while conducting international business. This is a great way of increasing your “export intelligence.” It might also be helpful to know what to expect from business colleagues in other countries, including different levels of comfort with personal space or how to greet a coworker in a different language.
www.terraeconomy.com/2020/09/16/global-business-and-intenrational-business-whats-the-diference/