Download the Economist Intelligence Unit's global report on the importance of communicating and collaborating across cultures; sponsored by leading corporate language training provider EF Education First.
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64% of businesses believe language and cultural differences constrain their international expansion plans.
75% of executives rate their colleagues' ability to communicate internationally as average or below average
Executives state that enhanced international communication skills improves revenues (89%), profits (89%) and market share (85%)
Half (49%) reported that communication misunderstandings have resulted in financial losses after a major cross-border deal has fallen through
74% report having lost out financially due to communication misunderstandings
77% state that lack of clarity in cross-border communications has led to loss of productivity
79% feel that differences in language and culture make it hard to gain market share internationally
47% think that investment in training to improve employees' language skills is insufficient – and is the single largest factor thought to need improvement