徐 天堯

In order to understand dynamic capability theory, which is one of the very important business concepts in the era of the fourth industrial revolution, this study builds a relatively complete dynamic capability system from two situations based on the collation and induction of existing literature. The first situation is to clarify four different types of abilities formed by the four classes corresponding to the three elements of capability. The second situation is to clarify type of strong dynamic capabilities that are needed in the era of the fourth industrial revolution and the three micro-capabilities that it plays in practice, which are the continuous, creative and transformational capabilities of the enterprise. This study wishes to emphasize two points. First, these three capabilities must be used in conjunction to be most effective. Second, the strong dynamic capabilities of the enterprise in the era of the fourth industrial revolution are based on its strong operational capabilities （core capability） and weak dynamic capabilities （smart capability）, and they are indispensable. If the emphasis is only on developing the capability of a company to respond to changes in the environment, without core capability or core business as a fulcrum, from a long-term perspective, there are huge risks for enterprises.