Internationalization affects firms in equal important ways from an inward-looking perspective,which incorporates an awareness s of the impact of Multinational Corporations (MNCs)on the ability of domestically oriented firms to compete.The related modes of activities include: a.Importing/sourcing " b.Acting as licensee from a foreign company c.Establishing joint ventures (JVs)inside the home country with the foreign companies d.Managing as the wholly subsidiary of a foreign firm.ƒ Internationalization affects firms in equal important ways from an inward-looking perspective, which incorporates an awareness of the impact of Multinational Corporations (MNCs) on the ability of domestically oriented firms to compete. The related modes of activities include: ƒ a. Importing/sourcing ƒ b. Acting as licensee from a foreign company ƒ c. Establishing joint ventures (JVs) inside the home country with the foreign companies ƒ d. Managing as the wholly subsidiary of a foreign firm