Monday, February 8, 2016
The Growing Advantage of Multilingualism in the Global Marketplace
Based in Dubai, entrepreneur Farooq Arjomand leverages his background in corporate finance and investment banking to lead Arjomand Group, which he founded in 2001. In addition to his education and industry experience, Farooq Arjomand utilizes his proficiency in Arabic, English, Urdu, and Farsi to conduct business with a wide range of partners and clients.
As the corporate global market expands, the advantage of being a polyglot, or one who speaks multiple languages, continues to grow in tandem. Estimates suggest that bilinguals account for more than half of the world population, which supports the notion that three or more languages are needed in order to set oneself apart.
The process of language acquisition increases cognitive abilities; it also fosters the ability of the learner to communicate more genuinely and empathetically with speakers of the target language. Moreover, the skills of multilingualism can help business owners gain access to wider markets and to build channels for revenue that remain unavailable to monolinguals.