The old saying abounds «it’s a small world.» It’s true in the sense of your access to information from all over the world and your connections to key decision makers and business www.terraeconomy.com/2022/01/04/global-business-and-crossborder-entrepreneurship/ leaders in every corner of the globe. This is most evident in the world of global business. Global business is a term used to describe any firm or business that conducts business outside of its home country.

As the world’s commerce and trade become more complex, businesses both small and large must take steps to ensure they are prepared to meet these new problems. This means knowing the nuances, politics and implications of international business, and knowing how to collaborate with colleagues and partners in countries with different cultures from their own.

The undergraduate Journal of Global Business and Trade (JGBT) contains research papers report, essays, and other articles that are relevant to the business of globalization. It’s also an official publication of the Consortium for Undergraduate International Business Education (CUIBE).

It’s important to know the impact of cultural differences on the success of your business abroad and whether you’re a owner who is considering entering global markets, or want to ensure that your employees are prepared. This includes learning about the customs such as holidays, beliefs, holidays and social norms of various cultures that you will encounter in your global business ventures. This is a great way of increasing your «export intelligence.» It can also be beneficial to know what to expect from business partners in other countries, for example, different levels of comfort with personal space or how to greet a colleague in a foreign language.