A phenomenon in which people are biased against externally developed prototypes or ideas.
Digital innovation is the use of digital technology to create or improve products, services, processes and business models.
Occupational hazards and liabilities can be particularly perilous, even when they are not specifically identified or foreseeable.
Disruptive Innovation: A novel product/service that upends markets by displacing established leaders and reshaping industry dynamics.
Starbucks' open innovation experiment, My Starbucks Idea, allowed customers to participate in the product development process, generated new ideas, and fostered customer engagement.
Overcoming internal barriers to collaboration is crucial for successful open innovation, including acknowledging the "not invented here" syndrome, bridging credibility gaps, and being generous.
