August 31, 2015
An interesting study recently released ‘Australia’s International Business Survey 2015’ had some key findings supporting the case for increased cultural intelligence (CQ). The findings provide insight into the nature, needs, concerns and future plans of the overall Australian international business community from an organisational perspective. Over 1200 Australian companies were included in the survey, from 19 industry sectors operating in 114 international markets.
Some of the CQ highlights were:
While these findings are not surprising, they do indicate a strong case for earmarking CQ as an area of significant importance. With these insights at hand the challenge for organisations is to truly appreciate the importance of navigating culture and local business practices, improving soft skills for building relationships, cross-cultural communication and negotiating in the most effective manner.