Against the backdrop of economic globalization,private enterprise internationalization becomes a main trend,and also an inevitable choice at a certain stage of enterprise development.Faced with the increasing complex and intense international competition environment,only with the dynamic capabilities,could the private enterprise handle the constantly changing marketing environment,and furthermore,get a sustainable and dynamic competitive advantage in the process of internationalization.The thesis firstly sketched the study of dynamic capabilities by scholars at home and aboard,then analyzed the relationship between the dynamic capabilities and private enterprise internationalization,and finally pointed out the path of ascension of the private enterprise internationalization.