“…Therefore we hypothesized that H2: DC positively influences innovativeness H3: DC positively influences proactiveness H4: DC positive influences risk taking (Rauch et al) and Competitive Advantage (CA) EO is a behavioral model of entrepreneurship in a firm-level that can influences strategic decisions, resource allocations and ability to seize more business opportunities to contributes to competitive advantage (Zahra, Nielsen, & Bogner, 1999), hence it may be considered as intangible valuable assets and capabilities (Covin & Wales, 2011;Rosenbusch, Rauch, & Bausch, 2013). Some researcher considered EO as intangible valuable assets and capabilities, (Bakar & Ahmad, 2010;Covin & Wales, 2011;Rosenbusch et al, 2013), because it influences specific strategic decisions and resource allocations and allow firms to seize more business opportunities. On the other hand, Covin and Miller (2014) conceived EO as an organizational capability, which is a decision-making proclivity favoring entrepreneurial activities.…”