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The new product is called a spin-off. Organizations use this strategy to increase and leverage brand equity (definition: the net worth and long-term sustainability just from the renowned name). An example of a brand extension is Jello -gelatin creating Jello pudding pops.
A corporate spin-off, also known as a spin-out, [1] or starburst or hive-off, [2] is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. [3]
The term economic spin-off is widely used in popular media to describe the potential secondary economic effects of project or development. This may reflect a real phenomenon, especially when used looking back into the past, where the results are measurable, though still subject to rival interpretations.
Spinout or Spin Out may refer to: Corporate spin-off , also known as a spin-out, a type of corporate action where a company turns a portion of itself into a separate business Spinout (driving) , failure when braking
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Bill McCartney, the Hall of Fame college football coach who won a national championship with Colorado in 1990, died Friday night in Boulder, Colorado.
Related: Cat Bravely Scares Off 2 Coyotes Attacking Family's Little Dog “The local neighborhood watch prevented me from landing my drone on this job,” writes the surveyor in the captions.
Corporate spin-off, a type of corporate action that forms a new company or entity; Government spin-off, civilian goods which are the result of military or governmental research NASA spin-off, a spin-off of technology that has been commercialized through NASA funding, research, licensing, facilities, or assistance