In　the　changing　market　environment,　it　is　the　key　point　for　enterprises　to　improve　their　dynamic　capabilities　to　maintain　their　competitive　advantage.Therefore,　the　path　of　improving　enterprisedynamic　capabilities　from　the　perspective　of　knowledge　management　was　put　forward　in　this　paper.　The　relationship　between　knowledge　management　and　enterprise　dynamic　capabilities　and　its　necessity　were　expounded.　The　model　and　path　of　improving　enterprise　dynamic　capability　from　the　perspective　of　knowledge　management　were　also　described.　The　data　was　analyzed　through　comparative　experiments.　It　is　concluded　that　the　enterprise　can　internalize　the　knowledge　effectively　through　the　model,　so　as　to　improve　the　dynamic　capability,　respond　to　the　change　of　the　market　in　time,　and　keep　the　competitive　advantage　of　the　enterprise.　©　2018　Walter　de　Gruyter　GmbH.　All　rights　reserved.