Abstract:In high-speed environment, dynamic capabilities can promote the evolution of enterprises’ strategic path in order to form a new path-dependent property. In this paper, from the view of whole cycle of strategic path evolution, namely causation, initiation, variation, selection and retention, the main dimensions of dynamic capabilities that work actively in every stage area analyzed, and the hypothesizes of this research are put forward respectively. Moreover, the system boundary of strategic path evolution is clarified, thereby the system-dynamic simulation being operated according to the theoretical analysis above. At last, the sensitivity test is passed to testify that sensing, absorbing, matching, applying and flexibility are the main dimension of dynamic capabilities and therefore the dynamic capabilities framework is founded. This study can contribute to the improvement of strategy management research in some sense.