“…The analysed companies are able to exploit knowledge through informal knowledge gather, clear definition of tasks, analysis and discussion of market trends and new product development, among others. According to Guerreiro et al (2016), entrepreneurial initiatives "depend on the knowledge produced". Dynamic capabilities can take a variety of forms and be involved in different functions, but the most important common characteristics are that they are higher level capabilities which provide opportunities for knowledge gathering and sharing, constant updating the operational processes, interaction with the environment, and decision-making evaluations (EasterbySmith, Lyles and Peteraf, 2009).…”