Australian Businesses Aim for the Asian Market and Will Be Needing Accountants and CFO with More Global Perspective
The search for people with more global perspective is in.
Research shows that more and more companies are starting to look for people with more global expertise. Australia is also starting to look into Asia for economic growth and expansion, which is a smart plan since it seems that Asia is now slowly dominating the business world.
What with the huge potential target market it has, it is no wonder why many businesses would want to dominate in Asia, and especially China.
Australia is a neighboring continent, and its proximity could be an advantage. Australian companies have huge potential of gaining the lead.
However, the thing about entering the Asian market is that there is a need to be able to have a good grasp on the Asian languages, experts say. It is more advantageous after all to be able to communicate well with the people you wanted to do business with. Its being close could not be a surefire guarantee of its success in dominating the Asian market.
Australian companies are slowly recognizing these facts and are starting to look require for their accounting and finance professionals to have a more global understanding and knowledge business-wise. It is apparent that the language barrier is one of the huge hurdles that are faced by businessmen who are trying to do business with Asia and China.
Having more awareness of the Asian and Chinese culture and society could also be an important factor to consider. Knowing the culture of the state you wanted to do business with is essential to success, and knowing the language would be a great help with the interactions and transactions you will be doing with them.
The federal government responds with a plan to improve their Asian language education with emphasis on Chinese, Japanese, Hindi and Indonesian languages, and they are encouraging students to enroll for the Asian language studies. They are also encouraging the study of German and Arabic languages.
Accountants and CFOs need to catch up too. These companies will soon be requiring their accountants to have a global perspective, so they need to start equipping themselves with international knowledge and experience as of today.