Business language skills are critical needs in this modern era of globalization and cut-throat competition.
An employee that has competency in
business language skills is likely to be able to climb up the career
ladder with ease. And that applies to businesses as a whole, too: a
recent study conducted by Bersin and Associates reveals that
organizations that are able to communicate their strategies in a clear
and precise manner are 113 times more likely to achieve higher levels
of profitability and efficiency.
A similar study conducted by Global English reveals that 97% of employees surveyed believe that poor communication
as a result of inadequate business language skills can create
misunderstanding.
A staggering 83% of employees
report that poor business language skills have resulted in a negative
impact on sales, profitability and efficiency of operations in their
organizations.
It is therefore imperative that anyone who wants to succeed in business, managers and workers alike, focuses on improving business language skills.
Gaining competency over this
particular skill will allow you to communicate with your peers,
subordinates, supervisors, and clients easily and clearly, and this
will bring an increase in productivity that will ultimately result in
higher profitability.
1. Increase Your Vocabulary
Improving vocabulary is key in mastering the specialized words used in business language.
You can easily improve your vocabulary through
training software that offers a comprehensive range of exercises.
Learning commonly-used business idioms and abbreviations can also
enhance your vocabulary. Furthermore, you can do research on the Internet in order to find the terminology used in the specific field that you are currently employed in. It is important that you adopt an inquisitive approach towards learning, and find the meaning of any business word that you are currently unfamiliar with. A business dictionary can prove to be particularly helpful, since you'll be able to find the complete meanings for new terms and their relevant usage within business communication.
2. Read Business-Related Material
You can significantly enhance your vocabulary by reading a wide variety of material related to your field or business.
Reading business information and current
updates will not only allow you to remain abreast with the recent
changes in the business environment but also allow you to keep up with
any changes in terminology. This knowledge can prove to be essential
when you are communicating with third parties or working on customer
contracts.3. Play Games
You can even learn business language by playing games like crosswords and word search games.
These
games can allow you to enhance your business vocabulary while ensuring
that the learning process is fun and engaging. Business-themed language
games include crosswords based on financial terms and important
concepts, or word search games using terminology from banking or
industry. You can use free word-search puzzle generators to create your
own games, if you can't find one specific to your field.4. Watch Business-Oriented Programs
Watching programs that
focus on business is an excellent way to improve language skills,
because the people in those programs will be using key terms frequently
and correctly.
These programs are often hosted by experts in the
field and therefore can prove to be an important source of valuable
information and knowledge as well as vocabulary terms. Business
terminology is naturally used on these programs and merely watching
them attentively can help you grasp terms that are part of business
communications.
Listening to or watching
these programs will not only allow you to become familiar with new
words but also learn their correct pronunciation and usage.
Simple knowledge of business terminology
cannot completely eliminate the chance of misunderstanding in
organizations; rather, an employee must be able to correctly use the
terms so that the underlying message is effectively communicated to the
second party. Watching these programs will allow you to understand the
current business scenario while also becoming familiar with a range of
words and their proper uses. 5. Practice
Learning new business
terminology will not impact your communication skills until and unless
these terms are used correctly in your the daily communication.
You must try to use as many relevant words as
possible during your conversations with colleagues and peers.
Furthermore, recently learned business terminology can and should be
incorporated into the presentations you give, so that you are able to
gain confidence in your ability to use the terminology.
Finally, you can practice your business language skills by writing business letters and memos.
An individual working in an organization is
likely to need to communicate with stakeholders and peers through the
medium of memos and letters. However, it must be remembered that
letters and memos need to be to the point and precise. Your business
language skills are critical during this point, because short sentences
must convey your instructions, term, or requests. It is important to
be familiar with the general writing pattern found in letter formats
used in your industry. Use a formal tone where appropriate, and make
sure the language you use helps to clearly convey the information.
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