Abstract: On the basis of literature review, this paper collects data from three industrial cluster of Fujian province, establish the structure of the equation between multiple embedded network, dynamic capabilities and organizational learning and knowledge sharing between, and explore their mechanism of action. Research results show that the multiple network embedded in the cluster has a significant positive effect on improving the dynamic capacity of cluster, enterprise knowledge will markedly enhance its capability of knowledge absorption and create sharing between enterprises, and played a mediating variable between multiple network embedded and knowledge sharing, at the same time, the exploratory organization study has moderating effect between the dynamic capacity and knowledge sharing in the. Therefore, under the background of industry cluster should be fully appreciated for its role in multiple network embedded, improve the knowledge absorption and creation ability of enterprises, encourage enterprises in the use of exploring organizational learning, in order to improve the efficiency of information flow and knowledge sharing of the cluster to strengthen competitive advantage.