We examined the impact on management performance and the moderating effect of policy fund in the process, taking into consideration entrepreneurial orientation and innovative activity. Innovativeness and proactiveness have a direct impact on financial and non-financial performance. On the other hand risk-taking is not statistically significant. When proactiveness affects financial performance and non-financial performance, policy fund has been shown to have an adjustment effect. And when risk-taking affects financial performance and non-financial performance, policy funds has been shown to have a moderated effect. Since this study conducted detailed analysis up to the lower factors regarding the impact of entrepreneurship orientation on innovation activities and corporate performance, it is believed to be helpful in future related research, and that the research results will help establish or improve effective government support measures.