Under the changing and resource-lacked business environment,organization should have the capabilities of redistributing its useable resource to achieve competitive advantages and satisfy consume demand.Dynamic capabilities are the abilities of syncretizing、establishing and reconfiguring the enterprise inside and outside resources in order to adjust to the quick changing environment.Complex competitive environment improve the importance of dynamic capabilities,and its increasing instability add new meanings to the dynamic capabilities.Empiristic data indicates that dynamic capabilities have the different meaning under different competitive environment.Considering the characteristic of complex competitive environment,discussing the new meaning of dynamic capabilities can help to set up the construct system of dynamic capabilities and understand the function mechanism of dynamic capabilities to improve the competitive advantages by syncretizing organization functional intelligence.