Top Business Languages That Global Managers Must Learn
Smart managers are always looking for ways take their businesses to a global scale. And intercultural communication is the ultimate key. As new international markets bud, being well-versed in national languages is an indispensable skill. It can make an enormous difference when aiming to establish future business relationships.
Therefore, regardless of whether you are a fresh MBA student aspiring to progress in your career, or a veteran CEO with decades of experience; speaking accepted number of languages can offer you a critical advantage, and an indisputable edge, in the global arena.
We unveil the top 3 international business languages that are forecasted to have an immense impact in the business markets across the world:
1. Chinese (Mandarin)
Known as the official language of China and Taiwan, Mandarin is also the most widely spoken language of the world, outnumbering English in terms of the number of people speaking this language, in a 2:1 ratio.
It is not at all surprising considering the fact that the majority of the Chinese population (the largest in the world) speaks Mandarin: hence, making this the business language of the future.
China, in the global economic context, has proven its prowess. According to The National Bureau of Statistics of China, China’s economy today is 7 times larger than it was 15 years ago.
The ability to continue growing and flourishing despite the global recession is certainly a great deal. Chinese businesses are scattering all over the world, making big and small investments, while doing a great job at managing their assets.
Needless to mention, they are always acclimatizing to foreign conditions, and substituting local products.
Among all the European countries, Germany has the most dynamic economy, with immense potential. It is the largest single export market for British goods apart except for the U.S, and is one of the largest economies of Europe with a GDP of more than €2.4 trillion, disregarding the Eurozone recession.
Keeping all these aspects in mind, European employers prefer hiring people that possess great command over German language. While speaking English is still a basic requirement, the European job market is still in need of German speakers.
According to a Eurobarometer survey that took place in 2012, the most widely spoken language in the EU is German.
Muslims across the globe sum up to over a billion. Oil businesses, constructions and real estate assisted Arabs to become the richest people in the world.
The investments from the Arab world have performed an imperative role on the European markets, particularly pressurizing the European debt crisis in 2010.
Although the Arab world is encountering quite a few jolts, accounting to social and political instabilities, it remains a significant player multiple business spheres, mainly in the oil business.
Needless to mention, many executives from Arab countries only speak Arabic; therefore, it would be a great gain to carry out business on more equal terms by learning Arabic.
Want to translate your brand into Chinese – the business language of the future? You’ve made the right move.