The field of entrepreneurship is recognized as being of fundamental importance for business research, and many researchers throughout the world have turned their attention to it. The Purpose of this paper is to consider the current status of entrepreneurship management in the light of developments over the last decade, and then to discuss the continuing value of the concept. In light of advancement, this paper aims to clarify the concept of dynamic capabilities, and then identify four component factors which are sensing capability, absorptive capacity, relationship capability and integrative capability. Drawing on the dynamic capabilities perspective, the study proposes five research propositions about entrepreneurship management. Finally, the study points out some suggestions for future research and managerial implications.