Operating Capability
Innovation & Venture Strategy
Ridgely treats innovation as commercialization — turning new ideas, products and models into operating businesses.
Definition
What it means.
Innovation, in a business context, is the development and commercialization of new products, services, technologies and business models that create real value.
How Ridgely uses it
Applied to our own businesses.
- 01
Ridgely pursues innovation that can be commercialized — not novelty for its own sake.
- 02
We develop new products, business models and applications of technology across our businesses.
- 03
We use our operating capabilities to carry promising ideas from concept to market.
Activities and outcomes
Activities included
- New product development
- Business model innovation
- Applied technology innovation
- Commercialization of ideas
- Iteration on existing products
Business outcomes
- Commercially viable new products
- New business models across the portfolio
- Practical use of new technology
- Renewal of existing businesses
Common questions
Direct answers.
- What is business innovation?
- Business innovation is the development and commercialization of new products, services, technologies and business models that create real value. Ridgely focuses on innovation it can bring to market through its operating brands.
- How is innovation different from invention at Ridgely?
- Invention creates something new; innovation makes it useful and commercial. Ridgely emphasizes commercialization — turning ideas into products and businesses that customers actually use.
Related capabilities
Where this connects.
Discuss innovation with Ridgely.
General inquiries: contact@ridgelyco.com