What Is The Driving Growth In Translation Services For The Finance Industry?

International marketing or business is uniquely different from the local market because the product price, place and promotion is vastly different from what is been offered to local customers (Johansson, 2000) With the emergence of the information technology, cross border marketing has never been a distant dream. However, it has never been easier even for giant multinational companies to face challenges that come in international business. The biggest challenge comes from the culture which varies from country to country.

With a reputed 500 million speakers of Spanish and is the second most studied language after English. It is easy then to realise why there are so many openings for bilinguals who speaks Spanish in today's business world.

Employers are increasingly searching for multilinguals in order to widen their client pool. Someone who is able to communicate through multiple languages immediately have an advantage over someone who cannot by simply having the ability to communicate with more people. As a result of

English today is the most commonly used global language for commerce and it is the main language of the international diplomacy. And maybe the most important for them, it’s the most common language on the internet. Also, the language that integrand

My research is focused on the problems associated with cross-cultural communication and how awareness of culture, language, tradition, and business practices can increase the advantages to globalization. This report will be field specific in

When entering a new market, at least one of the company representatives must know the language of the country. Even though the most common language used in the international business world is English, many countries have a very poor command of the English language therefore it is highly beneficial to have an employee that speaks the language. It is in benefit of the business to get the best deals, make negotiations and agreements however without a common language this can sometimes lead to misunderstanding and hiring a translator can be very expensive.

“The latest report from the British Chambers of Commerce (BCC), titled "Exporting is Good for Britain But … Knowledge Gaps and Language Skills Hold Back Exporters," examined how multinational corporations that experienced miscommunication between employees and with clients did not meet sales goals. The report found a direct link between language skills and reaching economic objectives among international businesses, with 70 percent of the 4,600 respondents saying they had no foreign language aptitude.”

Translators have access to some of the world's most heavily guarded secrets. Think about it...businesses go through millions of dollars in security to protect proprietary data, formulas, recipes, business ideas, medical data, personnel information, etc. Then, when that information needs to be sent to an overseas office, placed on a patent application, submitted for approval to a foreign government, and so forth, who do they turn to? Translation services. After all, they don't know the target language or culture.

The overheads that Mira would incur, although substantial, would remain competitive with other publishers and would benefit from Harlequin’s global infrastructure. Foreign language markets, in

Official statistics are free source of quantities date, is quick to access and is available on a range of topics. Official statistics also shows up-to-date trends and trends over time, this allows

In “Lost in Translation,” Lera Boroditsky writes to people within businesses or people who are wanting to invest in companies that work with other countries. The audience for her article is for designated for people who are interested in reading The Wall Street Journal, but within The Wall Street Journal it is directed mainly towards people that run a business. Boroditsky wrote this to express that language is important no matter what. She shares with the reader her views on the matter because her research has helped her realize that language has a big effect on people. Telling people about her research is beneficial and gives people an inside scoop on what happens around the world. Lera Boroditsky demonstrates her credibility to her

Below are the February “at-a-glance” stats that you will find in each of the reports:

Communication is universal around the world, severely impacts every aspect of people’s lives, and is an integral part of doing business in foreign territories. According to Satterlee (2014), “Individuals and organizations within each culture communicate in manners unique to their culture” (p. 43). Thus, understanding the culture and forms of communication is vital to conducting business around the world efficiently. Spanish is the dominant spoken language in Chile, though locals speak other native languages such as Mapudungun (Kurian, 2017). Additionally, English is another language that is spoken and taught in Chile; the Chileans recognized the underlying benefit of being bilingual as a competitive advantage in the global marketplace (Larenas,

966,796 2010 1,308,558 257,664 1,050,894 2011 1,379,154 262,899 1,116,254 2012 1,300,955 256,307 1,044,648 2013 1,329,556 258,957 1,070,599 2014 1,336,555 259,388 1,077,167 2015 1,322,355 258,217 1,064,138 2016 1,329,488 258,854 1,070,634 2017 1,329,466 258,820 1,070,646 2018 1,327,103 258,630 1,068,473

Daniel Gouadec (2002: 273) said in Translation as a Profession that "most translation problems and potential risks could be resolved by getting as much information as possible prior to a translation project". As to the translation project in this report, I made preparation in the following aspects: