How a firm can create and sustain the competitive advantages in turbulent environments is a hot topic in strategic management nowadays. With the increasingly dynamic external environment, dynamic capability theory is drawing more and more attention in academic and business circles. This article analyzes the current research in absorptive capability, integration capability, dynamic capabilities, social capital, and sustainable competitive advantages home and abroad. Besides, it also points out the development and deficiencies of current researches to provide suggestions for the directions of the future research in this regard. 