Dynamic core capabilities of IoT firms in the product lifecycle: a resource-based view

External resources are a crucial factor in the development of corporate dynamic core capabilities. Following a resource-based view, we study the impact of external technical coordination on the development of dynamic core capabilities for product innovation of IoT firms. Based on the survey of 184 IoT firms, we construct order parameter models at different stages of the product lifecycle to explore the comprehensive influence mechanism of external technical coordination on dynamic core capabilities (integration capability and modularity capability) and innovation performance. The results find that the influence of external technical coordination on dynamic core capabilities and innovation performance changes with the product lifecycle on the whole. It shows a trend of weakening. Meanwhile, we reveal the heterogeneous impact of external technical coordination at different stages of the product lifecycle. Its influence on integration and modularity capabilities is different. This study provides some insights for strategic management research and builds a theoretical basis for the development of dynamic core capabilities for product innovation of IoT firms at different stages of the product lifecycle.