In the digital economy， incumbents in traditional industries need to constantly renew their digital oriented strategies to meet the challenges brought by the competitive environment. However， the question of how incumbents build capability to make strategic renewal has not been well answered. Based on the qualitative meta analysis of 24 cases， it identified two types of capabilities driving the strategic renewal of incumbent enterprises： dynamic capabilities and operational capabilities. The former emphasizes the reconstruction and dynamism of capability， while the latter emphasizes the maintenance and stability of capability. In addition， it explored the formation mechanism and process of capability from the aspects of its constituent elements and sources， and analyzed the constituents behind different types of capabilities.