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Importance of Foreign Languages in Business

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Introduction

Globalisation has become very inescapable for any field. Especially when it comes to the expansion of the business sector. To build up their businesses, company entrepreneurs must use a variety of languages, from professional networking to academic collaboration to transportation and travel. Good communication from both ends aims to achieve higher customer satisfaction and increase the organisation’s growth. 

Businesses and languages 

As Jonathan mentions that a language goes through and touches the global corporate processes including values, conventions, attitudes and customer service work. Multilingual employees are in greater demand as per the shift in the global economic scenario. Hence, it becomes of utmost value to keep in mind the most preferred languages in the corporate world. The given below are the most important business languages mentioned via Alexiaka :

1. English

As per the blog by Ines Pimentel, English is the official language of the two twenty most important international organisations. It is spoken in 94 countries by 339 million native speakers, making it a fairly widespread language. It is also the principal foreign language taught in most countries’ schools, and one-third of the world’s population understands it. 

2. Mandarin

At least one Billion people in the world interact through Mandarin. It is not only the most widely spoken language on the planet, but it is also the primary language of China, a global economic superpower.

3. Spanish

Aside from the United States, Spanish is spoken in some of the world’s fastest-growing countries. Mexico, Colombia, Paraguay, and more countries are included. Spanish is the official language of over 20 nations around the world, and the advantages of studying it are undeniable.

4. Arabic

The Middle East is a rapidly expanding market of eager customers; there is a lot of wealth in the region, and several governments are attempting to promote tourism to their countries, particularly for shopping.

5. French

Learning French can lead to study chances at some of Europe’s most prestigious colleges and business schools. Students with a good command of the French language may also be eligible for French government subsidies to attend postgraduate courses.

6. German

According to The EconomistGerman has shown to provide the highest annual wage bonuses compared to French and Spanish: Spanish — 1.5 percent bonus, French — 2.3 percent bonus, German — 3.8 percent bonus

7. Russian

Moscow, the capital of Russia, has the largest number of billionaires in the world. Other than Russia, the Russian language is spoken across Central and Eastern Europe, as well as many post-Soviet republics, providing you with access to new and emerging commercial opportunities.

8. Japenese

Based on the article by the Education World, Japanese is the third most extensively used language on the internet after English and Chinese.

9. Hindi

India, like China, is seen as a possible big future localization market and a substantial business opportunity because of its large consumer base and cultural variety.

Conclusion

The linguistic landscape is also constantly changing. The greatest languages to learn for business people are those that have a significant impact on either business opportunities or compensation. That being said, one must be capable of making a difference in the workplace, not merely speaking with friends and colleague. And the only way to do so is to study the languages from professionals.

Photo by Thirdman from Pexels

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