Abstract: This article reviews capability theory firstly, and summarizes the importance of capability accumulation. It also analyzes how paradigm shifting destroys the old capability, and the new requirement of capability from new paradigm. This article proposes “capability paradox” which means that, less capability accumulation leads to weak innovation basis, but strong capability hinders radical innovation. Capability can be decomposed into general capability and special one. The reconfiguration of special capability needs the general one even during paradigm shifting. It takes the new energy vehicle for example to explain the importance of capability accumulation and reconfiguration. Finally it gives conclusion and policy implication.

摘要： 在回顾企业能力理论的基础上，总结企业能力积累对创新的重要性，同时指出范式转换对原有能力的摧毁，以及新范式对企业能力的新要求。提出能力积累不足导致创新基础薄弱，以及能力刚性妨碍突破性创新并存的“能力悖论”。认为企业能力可分解为通用能力与专用能力，即使在范式转换期，专用能力的重构仍需结合通用能力发挥作用。以新能源汽车产业为案例，说明范式转换期企业能力积累与重构的重要性。最后给出结论和政策启示。