In this paper we deal with the dynamic capabilities of the firm facilitating strategic entrepreneurship. We focus on the capabilities increasing both the advantage-seeking routines towards exploitation of existing competitive advantages and the exploration routines driving the firm towards new opportunities and the development of new business platforms. We elaborate on the entrepreneurial resources within the firm contributing to the growth of the dynamic routines of the firm. While important conceptual advancements have been made concerning the role of dynamic capabilities and how they are developed, empirical work in this area is scarce. In this paper, we identify factors that enhance or restrict the development of dynamic capabilities and empirically estimate the effect of these variables.