- Business guides
Many Europeans and Americans are board members of important venture funds in the UAE. Knowing that they come from a culture of low-context communication can give you an edge in fundraising. In this guide we break down features of this communication style and dive deeper into a low-context investor mindset.
According to the anthropologist Edward T. Hall (Columbia University, USA), there are two types of communication cultures:
In this article, we’ll take a closer look at the latter. Take a look at our guides to low-context culture here (corporate edition) and here (investment edition).
– speech is direct and explicit
– context is a supporting message. The gist can be understood literally
– less reliance on cultural context due to the “melting pot” nature of their countries
Greeting: Use “hello” in the first letter. “Hi” is more acceptable later, after the dialogue partners have got to know each other. Americans tend to start their letter with “Hi”.
➕ It is common among Russian speakers to use exclamation marks in a positive context. For example: “Hello!”, “Dear Kate!”.
➕ Titles are not abbreviated in British English, so it’s fine to write Mr Smith and Mrs Smith. In American English we should put points after their titles: Mr. and Mrs. Smith. Not much of a difference but nice to know.
Western culture has invented something called an elevator pitch: a business one-liner that can sell your product to an investor in 30 or 60 seconds. The Enterprise Europe Network (set up by the EU for SMEs) has put together five tips for pitching to European investors. (also apply to Americans).
note: it’s very important to be direct in a pitch.
Before negotiations you may refer to this culture comparison map based on research by Erin Meyer, a professor of management practice in the Organizational Behavior department at INSEAD. A few important highlights from the map:
When doing business in the multicultural space, one always has to keep track of important celebrations that might hinder the speed of communication.
Find out which accelerators and incubators are available in the UAE and how you can apply in our guide.
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