The basic proposition discussed in the paper is the relationship between entrepreneurship and strategic man-agement, which decides the positions and trends of the two research fields. The paper indicates that the research of strategic management has been related to the endeavor of entrepreneurship to uncover the black-box of the entrepreneurial process during shifting from macro-state to micro-state, with the mutual domains such as resource, growth, internationalization, knowledge management and organizational learning, and top management team and governance. According TO the different viewpoints about the relationship, the authors classify relative literatures into three groups: interface perspective, integrating perspective, and containing perspective, and propose the interface perspective from the view of the existence and enlargement of the knowledge body.