“…Seven very frequently cited frameworks (Cavusgil & Zou, 1994;Cooper & Kleinschmidt, 1985;Louter, Ouwerkerk, & Bakker, 1991;Shoham, 1998Shoham, , 1999Styles, 1998;Zou, Taylor, & Osland, 1998), which may be regarded as representative of the best efforts in the area, and one additional work (Lages & Lages, 2004, a recent measurement scheme that stands out in terms of content (what is measured) and form (how it is measured)) are critically analyzed in order to show in what aspects they do not conform to the generic conceptual and methodological framework advanced in the article. Cavusgil and Zou (1994) identified one performance factor composed of four indicators: the extent to which strategic goals are achieved; perceived success of the venture; average sales growth over the first five years; and average profitability over the first five years. Diamantopoulos (1999) Styles (1998) refined Cavusgil and Zou's (1994) model, not only by using more fine-grained scoring for the indicators, but also by including the evaluation by competitors (although from the perception of respondents in each focal firm) as a way to assess convergent validity.…”