4.1 Perspective:Out-war In-ward-Looking Internationalization has both inward looking and outward looking dimension. The outward-looking perspective incorporates an awareness of the nature of competition in foreign markets,and includes the following modes of activities: a.Exporting B.Acting as licensor to a foreign company c.Establishing joint ventures outside the home country with foreign companies d.Establishing or acquiring wholly-owned b businesses outside the home country4.1 Perspective: Out￾w ar & In￾ward-Looking ƒ Internationalization has both inward looking and outward looking dimension. ƒ The outward-looking perspective incorporates an awareness of the nature of competition in foreign markets, and includes the following modes of activities: ƒ a. Exporting ƒ B. Acting as licensor to a foreign company ƒ c. Establishing joint ventures outside the home country with foreign companies ƒ d. Establishing or acquiring w holl y-ow ned businesses outside the home country