Global Business 101

The old saying abounds “it’s a small planet.” It certainly is with regard to the access you have to information from all over the planet and the connection you have with business leaders and important decision makers from every corner of the globe. And this is never more evident than in global business, a term that encompasses any organization or company that operates outside of its home country.

Companies of all sizes must ensure that they are ready to meet the demands of global trade. This means knowing the nuances and the politics of international business, and knowing how to collaborate with colleagues and partners from countries that are different than their own.

The undergraduate Journal of Global Business and Trade (JGBT) contains research papers, reports, and commentaries that are relevant to the world of global business. It’s also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).

If you’re an entrepreneur who is contemplating going global or need to ensure your team is prepared to go global, it is important to know how cultural differences might affect the success of your business in foreign markets. This involves learning about the customs as well as the holidays, beliefs, and social norms of various cultures that you will encounter in your international business endeavors. This is a great method of increasing your “export intelligence.” It’s also important to know how to interact with business partners from other countries. For instance the different cultures read this have different expectations of personal space and greetings.