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Understanding Global Business and Local Perspectives: A Case Study of DynCorp International

   

Added on  2023-04-17

11 Pages2374 Words118 Views
Running Head: GLOBAL BUSINESS
GLOBAL BUSINESS
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1GLOBAL BUSINESS
Introduction
The aims of this research is to understand various aspects of the global business and the
local perspectives that shapes a better business environment. In this context, choosing DynCorp
International is significantly resembled with the global business practice in present case
scenario. In this regard, there are objectivity of the organisation is also pertinent in course of
discussing the role of a corporate organisation in global business scenario. DynCorp
International is an American global service provider company that mainly provides aviation
services to the global customers (Dyn-intl.com, 2019). Furthermore, the corporation recently
comes up with other services like flight operations support, training and monitoring, international
development, intelligence training and contingency operations. The Headquarter is in Virginia
with a huge range of countries where DynCorp International is operated successfully. Countries
like Bolivia, Bosnia and Somalia are the main clients to get services from DynCorp
International. As a matter of fact, the US military force is also one of the major clients of
DynCorp International. Therefore, it is obvious for the organisation to inculcate a wide
knowledge regarding the cultural diversities, political-social-economic scenario at the initial
phase and carried out further investigation into the commercial exposure of those client countries
in the global business platform.
Foundations of Global Business
This section deals with the business activities of DynCorp International in countries like
Bolivia, Bosnia and Somalia. In this regard, it is essential for the DynCorp to evaluate the scope
of global business in those countries. Therefore, it is important to analyse the link between those
countries with the international economic institutions such as IMF, WTO and World Bank. As

2GLOBAL BUSINESS
far as Bosnia is concerned, the country has an active membership at World Bank. Bolivia is also
identified as an active member of the World Bank. Moreover, the World Trade Organisation
(WTO) and the United Nations Conference on Trade and Development (UNCTAD) manage to
formulate a trade policy for Bolivia in order to develop the economy as per global basis
(Agrawal, 2015). It is associated with the international standardisation of tariffs and taxation that
Bolivia is supposed to follow. Besides this, currently IMF has released the second and final
review under the staff monitored program in Somalia for the economic development of the
country. In this regard, financial assistance to Somalia is amounted at SDR 44.20 million for the
economic and financial development within the country (Nölke, ten Brink,, Claar & May, 2015).
As a matter of fact, the political mind-set of those countries are also essential for
DynCorp to make a business deal with those companies. Open forums and healthy discussion
with the neighbouring countries is also an essential part towards developing a stable in
international business relationship. According to State.gov (2019) it also helps a country to build
up potentially effective business environment and increase the foreign direct investment for
economic benefits. In addition to this, the judicial system also provides further assistance to
government intentions in terms of enacting and monitoring business regulations positively. For
an instance, in Bolivia an investment promotion law was enacted in 2014 that entitles to
guarantees the interests of both the domestic and international business firms (Wto.org, 2019). In
case of Bosnia, the potential market opportunity of the country drives America to invest 336.9
million in goods in 2017 (Ahi, Baronchelli, Kuivalainen & Piantoni, 2017). Moreover, Somalia
also witnesses good amount of business with the help of strong judicial existence within the
country. For example, Somalia follows the European Union policies and agenda with a prolong
fiscal and debt policy that helps the country to develop its global business orientation gradually.

3GLOBAL BUSINESS
Global Business Environment
Cultural environment
In the cultural environment, Bosnia shares a high power distance with a collectivist
culture that is helpful for the country to bring efficacy into the business environment. Despite of
having a patriarchal society, women in the country are also considered to be a driving force of
change. Religious mind-set with a traditional perception is also a significant feature for the
country and it can be seen in order to making decisions. On the other hand, the power distance
index in Bolivia is moderate that creates moderate development in the economy as well.
Furthermore, collectivist notion is existed in the country effectively in reference to a masculine
culture where the values independence, competitiveness, differential rewards and high
assertiveness are the main facets. In fact, strict laws and rules are also an intricate part of the
Bolivian society the measures the uncertainty avoidance (Hollender, Zapkau & Schwens, 2017).
Furthermore, in case of Somalia the power distance index connotes that the country is willing to
make progress in the economic development with the help of the collectivist approach where the
society intends to perform on the basis of the family oriented activities. In addition to this, the
understanding of uncertainty avoidance proves that the people are highly religious but always
appreciable towards any positive change. Therefore, the impact of globalisation can have a direct
impact on Somalia.
Legal environment
The legal environment is also a significant element in order to establish business
positively. In this regard, the regulatory framework of Somalia paves the way for a freedom in
business with a value of 31.7 (Klingebiel & Joseph, 2016). However, lack of judicial

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