Hi Chan,
In OIR you will find below lines.
<!-- set the lifecycle -->
<AttrValue id="lifeCycle.id" algorithm="com.ptc.core.foundation.lifecycle.server.impl.LifeCycleTemplateAttributeAlgorithm">
<Arg>
<!-- Translation of the word "Basic" must be the same as the translation done in commonLifeCycles.xml -->
<?loc-begin key="BASIC_LIFECYCLE_NAME" maxlen="30" match="commonLifeCycles.xml:BASIC_LIFECYCLE_NAME"?>Basic<?loc-end?>
</Arg>
</AttrValue>
If you change the name from Basic to some other name (For example Approval) then that particualr object will follow Approval.
Thanks ,
Kaushik