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smartling.com Translation Strategy Is Growth Strategy Achieving a more dominant global position through a beer approach to global content.

White Paper - Translation Strategy Is Growth Strategy

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Page 1: White Paper - Translation Strategy Is Growth Strategy

smartling.com

Translation Strategy Is Growth Strategy Achieving a more dominant global position through a better approach to global content.

Page 2: White Paper - Translation Strategy Is Growth Strategy

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W ith 95 percent of the world’s

consumers living outside

of the US1, today’s companies

recognize that expanding into

international markets is — or will

be — a part of their strategic

growth trajectory.

But, according to Hilka Klinkenberg,

founder of Etiquette International,

less than 25 percent of US business

ventures abroad are successful;

because US companies do not

always do their homework, or they

assume the rest of the world

does business the way the US

does business.2

A key component to succeeding

globally — in a way that will scale

business and grow a company’s

bottom line — is ensuring that

the content made available in

new markets resonates with the

audiences and cultures present in

each geographical location. In other

words, companies need to focus on

consistently creating native brand

experiences for their customers.

FAST FACTS: What consumers are saying

• 72.1% spend most or all of their time on websites in their own language.

• 72.4% are more likely to buy a product if it has information in their native language.

• 56.2% believe that the ability to obtain information in their own language is more important than price.3

1 US Chamber of Commerce: 95% of the World’s Consumers Live Outside the United States2 Inc. Magazine: 5 Tips To Growing an International Company

3 Harvard Business Review: Speak to Global Customers in Their Own Language

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In this white paper executives

will learn:

• How a brand’s translation

strategy is directly tied to the

success of its growth strategy;

• Why brands need to stop

thinking about translation as a

one-off, and to start strategizing

with a global mindset; and

• What brands need to

consider to implement a

successful translation and

growth strategy.

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Traditionally, translation into

multiple languages has been an

unwieldy and costly initiative for

companies, and their marketing

and product teams. And because of

this, the approach to translation has

often been a last-minute, ‘lift-and-

drop’ effort to translate a few pages

of English content on a website, or a

few buttons in an application.

But delivering high-quality,

native-language content goes

beyond translating words on a page.

The content must be localized to

reflect cultural nuances and to

ensure accurate context for each

target demographic.

In today’s competitive marketplace,

brands can no longer afford to view

translation as a final ‘check box’ on

a global brand campaign. They need

to start thinking about translation

in terms of growth strategy.

The Traditional Way

“ Translation is not a matter of words only: it is a matter of making intelligible a whole culture. ”– Anthony Burgess, Author

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4 International Business Guide: 10 Successful American Businesses That Have Failed Overseas

Translation Is a Means to an End — and That End Is GrowthIf a company has translation needs,

or is doing translation work, it

is because it is trying to either

enter into new global markets or

enhance its position in existing

markets by increasing acquisition

and conversion rates. Therefore, its

translation strategy is actually its

strategic approach to growth.

An effective growth strategy starts

with a company-wide shift from a

siloed mindset to a global mindset,

and ensuring that all of the

departments within the

organization (not just the

marketing and product teams)

are aligned on scalability.

It will then be possible to

consistently deliver native brand

experiences — that feel familiar,

comfortable, and compelling

to their customers — across all

markets the brand touches.

The struggle is real... even for the big players

Best Buy, a large US retail chain, struggled with its international expansion efforts — first in European markets due to poor marketing strategy and a failure to notice the unique buying trends of local consumers who prefer smaller shops to large box stores. Then they were forced to close their locations in China and Turkey for failing to differentiate product lines and not adapting to local consumers’ preferences.4

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Global Growth Is Not for Everyone... but Creating Global Content IsGlobal growth can be rewarding if

executed correctly, but it can also

be daunting and success is not

guaranteed, regardless of how well-

funded a company may be.

Take Lyft, for example. After

years of planning to expand into

new markets, the transportation

network company shifted its growth

strategy to again focus 100 percent

of its efforts on the US market, due

to the regulatory and governmental

challenges transportation

companies commonly face when

moving into global markets.5

But with 41 million Spanish

speakers in the US and another

11 million that are bilingual,6 even

companies like Lyft — whose

growth strategy remains within US

borders — need to rethink the way

they go to market, and to create

content that resonates with their

target audiences.

5 San Jose Mercury News: Lyft Forgoes Global Expansion in Favor of US Market Domination6 The Guardian: US Now Has More Spanish Speakers Than Spain – Only Mexico Has More

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GoPro, Inc. is the world’s leading

activity image capture company

— transforming the way people

document and share their

on-the-go lifestyles.

With users in over 150 countries,

GoPro recognized that it needed to

find ways to better support the needs

of its growing global customer base,

and they intended to start by speaking

their languages.

With the holiday season only two

months away, GoPro needed to quickly

and accurately translate its website

into six languages (French, German,

Italian, Japanese, Portuguese, and

Spanish).

With the right technology platform,

GoPro was able to translate its site into

all six languages in just three weeks.

As a result, GoPro saw its holiday

sales double from the previous year.

Growth Done Right: Successful Brands at a Glance

Six languages

Three weeks

2x holiday sales

THE RESULTS

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The Foursquare community is made

up of over 55 million people, who use

the app to get recommendations and

collectively ‘check in’ millions of times

per day.

As Foursquare’s user base grew and

its capabilities were being tested

beyond US borders, the company

realized it needed to expand its

language offerings in order to

capitalize on the growth, and to

effectively communicate with its

growing international user base.

With a cloud-based translation

management platform, Foursquare

was able to launch its website and

mobile app in 11 new languages in just

12 months.

As a result, it saw an immediate

increase in downloads and usage.

Today, because of a tremendously

successful global expansion,

Foursquare continues to enhance and

grow its business worldwide.

Growth Done Right: Successful Brands at a Glance

11 languages

12 months

Immediate increase in downloads and usage

THE RESULTS

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Getting Started: Turning a Translation Strategy into a Growth Strategy

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A successful global growth

strategy is fueled by content that

resonates with people — in any

language, all cultures, and every

market that a brand aspires to

serve. That requires commitment

to quality and consistency across

every part of an organization.

These three tips will help CEOs

to develop a framework for that

company-wide commitment, and

for building a global growth — and

global content — strategy that will

drive measurable benefits.

Embrace a global mindset Practice organizational readiness and enhance

productivity

Capitalize on cost savings

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From the outset, companies need to

change their thinking from “What we

are doing in the US is good enough for

the rest of the world and we will just

translate it,” to recognizing that they

need to think about their content

marketing strategy in a global context.

From the start of any content

project — whether it is a software

product, a mobile application, an email

campaign, or a piece of support

documentation — a company should

consider how much can be done at

scale and tailored for local markets,

and then identify clear owners

for each aspect of the content-

development process.

Taking on a global mindset requires

an entire organization, owners and

non-owners, to be focused on this

initiative — so it is key to ensure every

department within the company is in

sync on the effort.

Embrace a Global Mindset

1

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Companies redefining their global

growth strategy must commit to

freeing employees from what have

historically been complicated

processes — content translation

and localization.

Instead, teams should be free

to focus on producing the best

possible content to drive native

brand experiences across every

target market.

Let’s say 80 percent of home-

language content is appropriate and

can be translated as is across multiple

markets. Leveraging technology cuts

down the ‘heavy lifting’ of translating

that content, eliminates time-

consuming, manual processes

typically involved with traditional

translation, and also ensures

consistency and adherence to

organizational best practices. Once

that process is streamlined, content

creators can focus on the other 20

percent — customizing and localizing

it for key markets to strengthen the

native brand experience of

each touchpoint.

Practice Organizational Readiness and Enhance Productivity

2

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Traditionally, companies would need

to invest significant resources into

localizing their content as part of a

global growth strategy. But new,

modern technologies enable

organizations to create effective

native brand experiences at a fraction

of the price. As a result, that money

can be invested elsewhere — to fund

R&D, more marketing and sales

campaigns, or whatever the brand

needs or chooses.

Capitalize on Cost Savings

3

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With the majority of the world’s

consumers residing outside of the

US, companies looking to grow their

customer base and expand into new

markets, need to look beyond the

borders of the western world. And

this means they need to have an

effective global growth strategy in

place to do so.

A successful approach to global

growth for an organization begins

internally by cultivating a company-

wide culture that adopts a global

mindset at the start of every new

project. And it continues externally

for companies dedicated to creating

content that resonates as a native

brand experience, every time the

brand interacts with new or

established audiences.

In Conclusion

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Learn More

Native brand experiences resonate with buyers and customers in any language, all cultures, and every market — and are essential to global success. Does your brand deliver? Access your FREE Global-Ready Success Kit and prepare for a new phase of global growth.

Ready to get started? Smartling can help you to develop a global content strategy that will propel you into new markets, fuel global growth, and increase your bottom line. Contact us today for a demo of the Smartling Global Fluency Platform so that your brand can be fluent everywhere.

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About Smartling

Smartling uses technology to transform the way content is created and consumed around the world. Smartling’s Global Fluency Platform helps brands to access new markets, more customers and greater value.

The Global Fluency Platform allows ambitious brands to achieve a more dominant global position. Smartling enables brands such as British Airways, InterContinental Hotels Group, Uber, AdRoll, Shinola, Spotify, Pinterest, Hasbro and SurveyMonkey to provide truly native brand experiences.

Smartling is headquartered in NYC with over 100 employees. For more information, visitwww.smartling.com.

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Contact Us

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