Tuesday 26 June 2012

What’s your language strategy?

A recent study commissioned by the European Commission's Directorate-General for Education and Culture found that SMEs with a consistent language strategy increased their sales turnover by up to 25%.

What is a ‘language strategy’?  Well it can be defined as ‘the planned adoption of a range of measures to facilitate effective communication with clients and suppliers abroad.’
The report listed a number of measures, which if planned for and implemented in advance, would help facilitate a company’s entry or expansion in a new foreign market where there are language or cultural barriers. 

One such language strategy measure included the use of a professional translator and interpreter, which if adopted in the beginning would be able to assist with four of the report’s recommend language strategy measures:

2. Translation of promotional, sales and technical materials
3. Language training and cultural briefings
4. Product or packaging adaptation in line with local tastes and customs

Other language strategy measures outlined included:

5. Online language learning; employee selection and recruitment policy Staff mobility
6. ‘Buddying’ with foreign colleagues and cross-border secondment schemes
7. Forging links with local universities
8. Taking on foreign students on placement
9. Native-speaker recruitment
10. E-commerce involving multilingual operations
11. Use of local agents to solve language problems
12. Use of linguistic audits

An important fact raised in the report was that those SMEs who had lost contracts in the past because of language and cultural barriers learned from their communication problems and realised how crucial having a language strategy was for their exporting success.

Other findings in the report revealed that those companies with a language strategy were able to place a value on it and measure its impact. 

By introducing a language strategy:

43% of companies reported to have increased their turnover by more than 25%
30% put the increase in terms of trade at 16-25% of turnover.
73% of companies said sales turnover had increased by a minimum of 16%.

If you would like further information or to discuss the virtues of using a professional translator and interpreter please contact myself, Ann Elphick on +44 (0) 1785 255067 or email ann.elphick@fls-ltd.com

Further information on the report can found here.