“…Some of the research found that EO has positive effect and significant on organizational performance (Lee, Lim, & Pathak, 2011;Lumpkin & Dess, 1996;Wang, 2008;Wiklund & Shepherd, 2003), however on the other hand, some of them did not find a positive relationship between EO and organizational performance (Li, Zhang, & Chan, 2005;Smart & Conant, 1994), or negative impact on performance (Hart, 1992). The inclusiveness in results about the EO-organizational performance relationship, lead us to examine this relationship.…”