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Perspective

Understanding the Rhythm of a Market

Lisa Carroll·15 September 2026·7 min read

When businesses think about international expansion, the conversation often starts with the obvious questions. Is there a market for the product or service? Who are the competitors? What does the regulatory environment look like? What will it cost to establish a presence? All of those questions matter, but there is another layer that can be harder to quantify and just as important to understand: how does the place actually work?

Every city has its own rhythm. There are patterns in how people meet, how relationships develop, how decisions are made, how time is used and how business and social life overlap. There are expectations around hierarchy, formality, hospitality, communication and trust that may never appear in a market report, but can have a profound influence on how a business is received. International expansion is therefore not only about understanding the market. It is about developing enough cultural awareness to understand the environment in which that market operates.

I have lived and worked across the UK, the Middle East, Europe and Africa, and one of the most useful lessons from moving between those environments is how quickly something that feels completely normal in one place can feel unusual somewhere else. The difference is not necessarily dramatic. Often it is found in the small details: whether a relationship needs to develop before a commercial conversation becomes meaningful, how directly someone communicates disagreement, who needs to be involved in a decision, whether a meeting is expected to be purely business, or whether time spent together socially is an important part of building trust.

The UAE is a particularly interesting example because it is both deeply international and strongly rooted in its own cultural context. Dubai, in particular, has developed into one of the world's most international business cities, with a highly diverse population and a commercial environment built around global trade, services, finance and international business. Yet that internationalism does not mean that local cultural behaviours have disappeared. Hospitality, family and social connection remain important parts of Emirati culture, and the traditions of gathering and receiving guests have deep roots in the country's social fabric.

Having lived in the UAE for ten years, I learned that distinction first-hand. You can operate in an incredibly cosmopolitan city, work with people from dozens of nationalities and conduct business in English, while still needing to understand the cultural context in which relationships are being formed. A meeting may be commercially important, but the relationship around that meeting can be equally significant. Time spent getting to know someone, sharing hospitality or understanding who sits within a particular network may not look like conventional business development, but it can be part of how business actually gets done.

That does not mean every interaction in the Middle East follows the same pattern, nor that cultural behaviour can be reduced to a set of rules. It is precisely the opposite. The more international a city becomes, the more important it is to understand the layers beneath the surface. Dubai is an international city, but it is not culturally neutral. Its global outlook exists alongside local customs, values and expectations, and successful businesses learn to operate within both.

France offers a different example. The commercial environment may feel much more familiar to a British or European business, but there are still meaningful differences in how professional relationships are approached. Formality, courtesy and respect for hierarchy remain more visible in French business culture than many British businesses might instinctively expect, and professional relationships can develop through a combination of formal business interaction and more social settings. Understanding those nuances does not require abandoning your own way of working. It requires knowing when your normal way of working may not be the most effective way of being understood.

South Africa provides another useful perspective because there are many aspects of its business environment that will feel familiar to people from the UK, Europe or the US. Business customs are broadly comparable in many respects, including the importance of punctuality and professional preparation. Yet the country has its own history, social structures, economic realities and relationships, and those inevitably influence how organisations operate and how people engage with one another. Familiarity should not be confused with complete understanding.

This is why I think cultural intelligence is more useful than a checklist of etiquette. Knowing whether to shake hands, what to wear or whether a meeting is likely to start on time can certainly prevent an avoidable mistake, but those are only the visible parts of the equation. The deeper understanding comes from observing how people behave around one another and asking why. Who has influence? How is trust established? What does respect look like? How are decisions really made? What happens outside the formal meeting? Which relationships matter to the business community around you?

Those questions become increasingly important as businesses move beyond their home market. A company can arrive with a strong proposition, an impressive brand and a well-funded expansion plan, yet still struggle because it has not understood the environment into which it is entering. The problem may not be the product or the market opportunity. It may be that the business is trying to move at the wrong pace, communicating in a way that does not resonate, approaching the wrong people or misunderstanding how credibility is established.

There is also a danger in assuming that technology has made these differences less important. Digital communication makes it easier than ever to enter a market from a distance, but it can also create a false sense of familiarity. Research can tell you about demographics, economic indicators and competitors. It can show you where people live, what they buy and how large a market might be. It cannot fully tell you what it feels like to spend time in the city, how people interact, where relationships naturally develop or what the unwritten rules of a particular environment might be.

The same principle applies to leadership and team building. An international business needs people who can translate the organisation's values and standards into a local context rather than simply reproduce a head-office approach. Local knowledge is not a concession to expansion; it is part of the capability required to expand well. The strongest international teams tend to combine knowledge of the wider organisation with genuine understanding of the market in which they are operating.

This does not mean adapting everything. Businesses need to retain a clear sense of who they are and what makes their proposition distinctive. The challenge is knowing which things are fundamental and which things are simply habits developed in the original market. Culture should not become an excuse for inconsistency, but neither should consistency become an excuse for cultural blindness.

For relationship-led businesses, this matters even more because relationships are often the route through which reputation, credibility and commercial opportunity develop. A business that understands its market culturally is more likely to know where to be present, who to build relationships with, how to approach those relationships and what will make the proposition feel relevant rather than imported.

International expansion therefore requires a degree of humility. The question is not simply whether a business can take what it has built somewhere else. It is whether it is willing to understand the place it is entering well enough to become part of it.

The most valuable insight often comes from paying attention to the things that are difficult to put into a market report: the pace of a city, the way people use their time, the relationships that sit behind formal structures, the expectations around hospitality, the conversations that happen before the meeting and the social context in which trust is built. Those things form part of the commercial environment, whether or not they appear on the balance sheet.

A business entering a new geography does not need to become something it is not. But it does need to understand where it is. The better that understanding, the more intelligently it can adapt its approach, build relationships and find its place within the market. In international business, cultural awareness is not a soft consideration around the edges of strategy. It is part of understanding how the market itself works.

Lisa Carroll

Founder & Principal, Rowan & Co.

Perspective

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