Diageo announced a 5% growth in annual profits today, an increase that Chief Executive Paul Walsh largely attributes to its activities in emerging markets.
While sales fell in Greece, Spanish and Ireland (all economies that have struggled in the last few years), Diageo’s acquisition of the leading Turkish spirits company Mey Icki, and its performance in North America and Asia-Pacific have offset the downturn in European trade.
This makes them the latest in a line of successful global companies who are spreading the risk of underperformance in developed markets such as Western Europe by expanding into countries further afield, or the path less trodden by competitors. (more…)
You would think that, with all the resources they have at their disposal, the police in Ireland would be able to translate text in the blink of an eye, to ensure no embarrassing mistakes are made. It would seem, however, that such mistakes are not always avoided…
Back in 2007, police in Ireland took note of over 50 people with the name “Prawo Jazdy”. A popular name in Ireland? A common name among Poles who have emigrated to Ireland? Or, alternatively, the Polish translation of “driving licence”?
It is, of course, the latter. “Prawo Jazdy” was originally believe to be the name of one person who had repeatedly committed offences, until it became clear that the same name had been used on numerous occasions in order to refer to a number of different people. As a result, the police system contained over 50 people with the name “Prawo Jazdy”. Finally, upon investigating this seemingly unlikely occurrence, police discovered that this is actually the Polish for “driving licence”.
Whilst this mishap may have occurred a few years ago, it is a story that we can all learn a valuable lesson from – translation is vital!
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