Abstract:Dynamic capability theory is widely concerned in the field of strategic management research,the concept of dynamic capability of technological innovation is developed from this theoretical framework. However, the academic community has not agreed on the definition of dynamic ability of technological innovation, and the division of dimension is also not uniform. The research on the dynamic capability theory of technological innovation is not deep enough. By reviewing the existing literature, this paper summarizes the development, the existing viewpoints and research methods of the dynamic capability of technological innovation theory, and analyzes the differences between the dynamic capability of technological innovation and the capability of technological innovation, then points out their conceptual differences and connections which are different in nature, different in research objects and different theoretical levels. This paper analyzes the mechanism of the dynamic capability of technological innovation, and holds that the dynamic capability of technological innovation provides resource input for technological innovation activities and creates a more suitable environment by constantly adjusting the structure and configuration of resources. Dynamic capability of technological innovation is a kind of precursor activity of technological innovation activities, which can make technological innovation more efficient and adapt to the changing dynamic competitive environment. Finally, based on the research, we points out that there are some problems such as unitary research object and imperfect research method in the existing research of dynamic capability of technological innovation, and make a prospect for the future research.