Top 3 Most Popular Languages in Business


Top 3 Most Popular Languages in Business

Marina Ivanova – June 2017

Although it is difficult to predict the direct benefits of learning a second language, we do know that this skill will set you apart from your competition whether in the work force or while searching for a career. Here we have listed the top 3 most popular languages in Business right now, besides English, and in what industries they are most beneficial.

When doing business solely within the United States, it is important for companies to know how to communicate with the country as a whole. Given that Spanish is said to be the second most spoken language in America, it’s easily the best to learn for those looking to broaden their horizons within the United States. For this reason, getting a good job within any customer service-related industry is almost certainly tied to your ability to speak Spanish. It is estimated that the ability to speak Spanish could come with a wage increase of about 1.7%.

In addition to doing better business in the United States, Spanish could broaden horizons in countries like the ones throughout South America. With large self-sustaining environments, South America offers opportunities for a cheaper way to do business, and most of the population is Spanish-speaking.

There’s also Mexico, which is one of the top countries to think about investing in. It has a free market economy in the trillion-dollar class, and trading with the United States continues to increase.

As of this year, it is estimated that 400 million people around the world speak Spanish and 340 million speak English. Spanish is the official language of 21 countries and is spoken in 44 countries. Being able to communicate in Spanish fluently would be beneficial to communicating efficiently with cultures throughout the United States, but also in many countries around the world.

Mandarin Chinese
Surprise, surprise, the most widely spoken language on the plant is Chinese with over a billion numbers of speakers. Recent years have seen China grow to become one of the world’s largest trading nations. We have also seen the demand for Chinese-speaking business people grow.

Some of the most important and influential Chinese communities are in Indonesia, Thailand, Malaysia, Singapore, Brunei, the Philippines, and Mongolia. Mandarin Chinese is spoken in all of these, so knowing how to converse with professionals in these places would give business people the advantage of tapping into vast markets and making a more personal connection with some of the most powerful economies.

Mandarin is the official and most widely spoken language within China, though there are also a number of other Chinese dialects that are also spoken within the country. Mandarin is one of the official languages of the United Nations.

It is important to note that many companies have long-terms investments in China, so business with international companies such as these would provide business for years to come. That being said, it may take a while to learn this complex language, but China is not going away as a powerful nation any time soon.

Arabic, one of the world’s oldest languages is spoken in the Middle East, with speakers found in countries such as Saudi Arabia, Kuwait, Iraq, Syria, Jordan, Lebanon, and Egypt. So many people have a working knowledge of Arabic, in fact, that in 1974 it was made the sixth official language of the United Nations.

The use of the Internet is rising in popularity in the Middle East, and so it is becoming easier to do business there from anywhere else.

Other business owners agree that the Middle East is one of their biggest export markets. Some say the region makes up a quarter of their business overall. Because of the fast-growing market of eager consumers in the Middle East, businesses should consider making their products easily available to Arabic speakers, and enterprising business people should consider taking a few lessons.

There are about 406 million native speakers Arabic is the official language of roughly 27 different countries, and the Middle East is proving to be full of promises for businesses across the world.

China aims to compete with Japan, Korea in electronics

23 Oct 2012 – –

Chinese consumer electronic brands are gearing up to take on their Japanese and Korean rivals in a push for rapid growth in Australia, Fairfax Media reports.

According to the newspaper, Chinese groups TCL has made a concerted effort to expand its reach beyond its home market, by building its corporate brand and expanding its local distribution channels over the past several years.

TCL Australia general manager Sunny Xiang is confident the company can compete successfully in Australia.

”Chinese brands will be able to challenge the Japanese market position in five years,” he said.

The positive outlook comes in contrast to the negative performance of Japanese brands Sony, Sharp and Panasonic in recent times.

In the past financial year, the three brands have suffered a combined loss of $20 billion.

Hawker Beechcraft sale to Chinese firm off

21 Oct 2012 – AAP –

Talks to sell Hawker Beechcraft’s operations to China’s Superior Aviation Beijing Co have collapsed and the US plane maker says it now plans to emerge from bankruptcy protection as a slimmed down company in the first quarter of 2013.

“Despite our best efforts, the proposed transaction with Superior could not be completed on terms acceptable to the company,” said CEO Steve Miller. “We are disappointed that the transaction did not come to fruition, but we protected ourselves by obtaining a $US50 million ($A48.41 million) deposit that is now fully non-fundable and property of the company.”

After emerging from bankruptcy the company plans to rename itself Beechcraft Corp and focus on its most profitable products.

Chairman Bill Boisture says the company will push for growth in its high-performance single and twin engine piston and turboprop aircraft, special mission variants, and multi-role light attack and trainer planes.

The company said it was evaluating other products, including the sale of some product lines or a closure of the entire jet business.

Superior Aviation chief executive Tim Archer did not immediately respond to an email seeking comment.

Hawker Beechcraft filed for bankruptcy protection in May. The court approved exclusive talks with the Chinese firm that had offered nearly $US1.8 billion ($A1.75 billion) to purchase the company’s business jet and other aviation operations.

“It is easy to overrate China as an investor in this business and here was a company in real desperate straits – and they saw what they wanted to see no matter how unrealistic,” said Richard Aboulafia, an aviation analyst with Teal Group who had been sceptical of the proposed transaction with Superior since the talks were first announced.

Aboulafia is not optimistic now either about the ability of Hawker Beechcraft to sell its business jet lines, saying those operations involved too much risk and not enough reward. Conceivably someone could rescue the Legacy Hawker 800 series of aircraft, the best part of its’ business jet lines.

“The sad truth is that the part of the company that is saleable is the same part that is survivable alone – the aftermarket, the military, the King Air and propeller planes,” Aboulafia said. “You are dancing around the big elephant – which is their business jet lines – which look doomed.”

It was unclear what impact the possible loss of those manufacturing product lines would have on job numbers, but Aboulafia said at one time the business jet lines were the “overwhelming majority” of Hawker Beechcraft’s business.

Indian ore producer sees end to Chinese exports

7 Dec 2011 – AAP –
Indian iron ore producer National Mineral Development Corporation chairman Rana Som expects the developing country to stop shipping iron ore to China within five years, opening the door for another 100 million tonnes a year to be sent from Australia, according to The Australian Financial Review.

According to the report, Mr Som said Indian pig iron production would jump from 65 million to 100 million tonnes per annum as Indian miners feed growing domestic demand.

“I don’t think that in the near future India will be required to import iron ore,” he said.

“I feel India will slowly withdraw from the iron ore market and that will give extra space to the Australian iron ore market to export more and more quantity to the traditional markets of China and Japan.”