The old saying is that “it’s an extremely small world.” It certainly is with regard to the ability to access information across the globe and the connectivity with business leaders and other important decision makers from every corner of the globe. This is most evident in the world of global business. Global business is a term used to describe any business or other entity that conducts business outside of its home country.

Companies of all sizes must ensure that they are well-prepared to meet the challenges of global trade. This includes understanding international business and its nuances as well as knowing how to work with partners and colleagues in other countries.

The undergraduate Journal of Global Business and Trade (JGBT) includes research papers as well as reports and commentaries that pertain to the business of globalization. JGBT is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).

Whether you are an entrepreneur who is contemplating going global or want to make sure your team is ready to go global, it is important to know the impact of cultural differences on your business’s performance abroad. It is important to learn the customs, holidays and social norms that are prevalent in the different cultures that you will encounter when conducting global business. This is an excellent method of increasing your “export intelligence.” It’s also helpful to know how to interact with business associates from different countries. For instance diverse cultures have different expectations about personal space and greetings.

www.terraeconomy.com/2020/04/07/global-business-ideas-in-entrepreneurship