The term “entrepreneurial orientation (EO)” has been used to refer firm’s strategic approach or the processes or styles of firms that engage in entrepreneurial activities. Miller (1983) articulated firm level entrepreneurship as the display of firm’s innovative, pro-active and risk-taking approach where these dimensions co-vary. Lumpkin & Dess (1996) argued that EO Construct comprises five dimensions, which act independently. There has been ongoing debate about the dimensional nature of EO Construct whether it comprises three dimensions in a uni-dimensional construct or five dimensions in a multidimensional construct. Most studies highlight that firms with higher entrepreneurial orientation (EO) perform better. But the empirical evidence about EO-Firm Performance relationship has been weak or inconsistent. There can be number of reasons behind these inconclusive and at times contradictory findings. This research explores two of the possible reasons, one about dimensional nature of EO Construct comprising five dimensions which vary independently. Further many scholars have argued the role of various external and internal factors moderating EO-Firm Performance relationship. Very few studies have examined the role of resources with some prominent scholars highlighted the need to integrate EO and Resource Based View (RBV). This study examines the moderating influence of resources on individual EO dimensions as this can lead to better utilization of resources by allocating them only on those dimensions of EO Construct which contribute to firm performance.