With global opportunities on the rise,. having a multilingual workforce has become a critical market success factor. Language proficiency and awareness of a market's culture, local customs, and business traditions conveys respect for customers and colleagues, which leads to greater trust and improved business results.
Businesses are providing language-learning resources that prepare employees to engage in these markets. Forbes Insights and Rosetta Stone surveyed 200+ executives globally to understand the impact of language training on companies and employees. Read this guide to learn the key themes and data from the report.
Keen and current language skills and attention to detail, as well as first-hand knowledge of cultural innuendo, local customer and market expectations would be essential. Read this case study to find out more.
A&D manufacturers and their suppliers now depend more than ever on global supply chains. As they reach across time zones, languages and cultures, supply chains have to work around challenges that build up costs and drag down production schedules. Communication between distributed engineering and production centers can be labored and error-prone. These problems are often compounded by repetitive programming, incomplete simulations, time-intensive production methods, and concern that the shop floor may not be working with current data. Ideally, global companies should be able to design products at any location and produce them at selected sites, with all stakeholders from design to the shop floor working concurrently from a single unique global data source.
Understand how manufacturing companies can deliver machined parts faster and increase revenue by reducing costs – despite operating globally across time zones and cultures.
Making your talent global-ready is key to your organization's future. A big part of global readiness lies in language and cultural skills. Knowledge of another language and culture builds bridges to customers and colleagues, and studies show that the ability to connect delivers measurable business impact. Building effective language and cultural learning programs is not difficult, but first HR must uncover the need - which often remains hidden from plain view.
The top clients of enterprise language learning companies consist of global companies that recognize the value of multilingual employees. While companies understand the necessity of language learning, there is room for improvement in incorporating language learning into corporate culture. This report looks at what companies are doing in the realm of language learning, to understand what best-in-class organizations are doing, and to provide businesses aspiring to be truly successful on a global stage with strategies for incorporating language learning into their business model.
Forbes Insights and Rosetta Stone surveyed 214 executives around the globe to find out if and how companies are training their employees to speak and work in more languages and what impact that training has on both the employees and the company. In addition, the narrative is rounded out with in-depth interviews with executives and experts.
Published By: Magento
Published Date: Mar 28, 2018
International retail sales are expected to increase by 5.5% to $28.3 trillion by 2018.
launching an international site can take up valuable time and resources, and missteps can be costly. From web page layout, to word definitions and cultural preferences, countries have widely varying practices and unique online user behaviors. How efficiently you manage changes in culture, language, customs, currency, tax, and laws can make the difference between success and failure.
POWER YOUR BUSINESS TO EXPAND RAPIDLY INTO FOREIGN MARKETS:
Think Local and Flexible to Act Global
Communicate in Other Cultures
Design a Flexible and Scalable Global Process
Efficiently Manage Multiple International Sites