© Copyright 2017 by Emerald Publishing Limited. All rights of reproduction in any form reserved. The dynamics of platforms, particularly the eventual need for renewal, are too often neglected. This chapter adopts a four-stage model - Birth, Expansion, Leadership, and Self-Renewal - to analyze the requirements at each stage of the platform lifecycle in terms of its dependence on the highlevel dynamic capability categories of sensing, seizing, and transforming. The requirements evolve from a heavy emphasis on generative sensing and planning-stage seizing in the birth phase, through greater emphasis on "seizing" activities and minor transformations as the platform, ideally, grows and stabilizes. When platform renewal is called for, the emphasis returns to sensing future possibilities and generating new ideas for a platform and business model, developing them alongside the existing business, and eventually undertaking a major transformation to restart the platform lifecycle. An awareness of these lifecycle changes can help managers adopt a longer-term perspective on the competitive requirements of their platform-based business.

David J. Teece

Advances in Strategic Management

Advances in Strategic Management is dedicated to communicating innovative, new research that advances theory and practice in Strategic Management. The domain of the series encompasses, but is not limited to, corporate and business unit strategy, strategic organization and process, alliances and networks, and competitive dynamics.    The series is committed to expanding the scope of Strategic Management theory and analysis and enriching practice by:    -Encouraging multitheoretical approaches that span multiple social science disciplines  -Welcoming papers using a diversity of innovative research methods  -Creating focused volumes that explore in depth promising new research directions, consolidate research streams, and address significant current theoretical and practical problems.

Advances in Strategic Management is dedicated to communicating innovative research that advances both theory and practice in the field of Strategic Management. The scope of the series includes, but is not limited to, corporate and business unit strategy, strategic organization and processes, alliances and networks, and competitive dynamics. The series is committed to expanding the scope of Strategic Management theory and analysis and enriching practice by: - Encouraging multitheoretical approaches that span multiple social science disciplines - Welcoming papers that utilize a diversity of innovative research methods - Creating focused volumes that explore promising new research directions in depth, consolidate research streams, and address significant current theoretical and practical issues.

《Advances in Strategic Management》致力于传播创新的研究成果，推动战略管理理论与实践的发展。该系列的研究领域涵盖但不限于企业及业务单元战略、战略组织与流程、联盟与网络以及竞争动态。该系列承诺通过以下方式扩展战略管理理论与分析的范围，并丰富实践：- 鼓励跨多个社会科学学科的多理论方法 - 欢迎采用多样化的创新研究方法的论文 - 创建专注的卷册，深入探讨有前景的新研究方向，整合研究流，并解决当前重要的理论与实践问题。

Category	Quartile
管理学	4
管理学, 管理学	4

Dynamic Capabilities and (Digital) Platform Lifecycles

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