A phenomenon in which people are biased against externally developed prototypes or ideas.
An Innovation Lab is a physical space where people come together to explore and develop new ideas, products or services.
Complementary innovation refers to enhancements made to existing products, services or systems that improve performance or value.
Innovation can be defined as the invention, development, and implementation of new products, services, processes, or organizational structures with the goal of creating value.
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.
