Paper on English in International Business
angie86
english_in_international_business_world.pptxEnglish in
International Business World
Melvern Hidajat
Edric Loamayer
Edlyn Loamayer
Global Business speaks English
Multinational Companies use English as their common corporate language.
Communicate and close a deal with International Companies.
Create a remarkably diverse and powerful organization.
Global Business speaks English.
Why English ?
Competitive Pressure.
Globalization of tasks and resources.
M&A integration across national boundaries.
English means Business
Why?
A fundamental need for people to communicate across the globe.
Basic verbal
Written level
English is the language of:
International Commerce
Dominant economic world power when globalization reached a critical growth point.
English of International Business marks a further step forward.
English of international business marks a further step forward in a global cultural evolution
Language of Global Business
English is the:
Prefered language of Business.
Most essential language for global business success at the moment.
International sectors use English, and local sectors don’t
English in a multinational company
Great communication within the company.
Have no problems to expand business across the globe.
Advantage to have a better deal internationally.
gives people the illusion of communicating effectively and sharing the same context and interpretation,
Mandarin a preferred language of Business?
English will maintain and grow its dominance.
British Council reports by 2020, two billion people will study English.
In China
More and more people are studying English
About 100,000 native speakers teaching.
British Council reports that by 2020, two billion people will be studying English.) The new study of 1.6 million online test-takers in more than 50 countries was conducted by EF Education
How important is a common language in Business?
Did not close a deal because there is a misunderstanding and lack of communication between the two parties.
NO COMMUNICATION = NO BUSINESS
Companies solve this problem by adopting the English corporate language strategy.
English is the dominant language of business
More than 25% employee in 26 countries are working with people in other countries.
Example: China, France, and North America
People with higher level of education use
English language for international business relationship.
Companies prefer employee who
Speaks english fluently
Able to communicate with international client around the globe.
More than 25% employee in 26 countries are working with people in other countries.the workers who deal with people beyond their borders said that they were interacting with each other using english language.
For example: the studied have found out that three quarters of worker in China, France, and North america used English to communicate with those in other countries
The studied showed that people with higher levels of education were among the most likely to say English was most commonly used for foreign business relationships
companies need those employees who are in relation with foreign clients or suppliers to have the skills in English which enable them to do their work efficiently
What is the most effective way in speeding up International business?
To speak fluently in English language
Everyone in the International business world can communicate in a more fluent level.
Potential of expanding is endless.
Global Language lowers barriers to entry all over the world.
Many years ago, it was considered a one in a million shot:
To move into a new country
See an opportunity
Start capitalizing on a good prospect.
Nowadays, a common denominator in most cases is the fact:
English is used every day all over the globe to negotiate all types of business.
There are businesses opening all over the globe started by a conversation in English
It’s great for our world to grow more and mutually gain from each other.
Conclusion
Fluent English speaker has an advantage:
In making better deals.
more successful career.
Promising jobs and good positions.
Ability to speak more than one language is clearly important for becoming a global leader.
English helps companies
To expand internationally.
To be able to communicate internationally.
Questions???
Questions
→ Do you think that Mandarin will dominate as the preferred language in international business??
