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Global Business 101

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The old saying is that “it’s a small world.” It’s true with regard to your access to information from around the world and your connectivity with important decision makers and leaders in every corner of the globe. This is more apparent than in the global business, a term that encompasses any company or organization which conducts business outside of its home country.

All companies must ensure that they are prepared to tackle the challenges of global trade. This includes knowing the nuances and politics of international business, and knowing how to collaborate with partners and colleagues in other countries from their own.

The undergraduate Journal of Global Business and Trade JGBT, also known as JGBT www.terraeconomy.com/2021/07/13/generated-post-2 is a journal that features articles, reports and commentary that are relevant to global business. It is also the official journal of CUIBE, the Consortium for Undergraduate International Business Education.

It’s crucial to be aware of the impact of cultural differences on the success of your company abroad and whether you’re a owner who is considering entering international markets, or want to make sure your team is well-prepared. It is essential to understand the customs, holidays and social norms that are common in the different cultures that you will encounter when conducting global business. It’s an excellent way to boost your “export IQ.” It’s also important to be able to communicate with business partners from other countries. For example diverse cultures have different views on personal space and greetings.

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