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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.
The United States Securities and Exchange Commission's (SEC) definition of "spin-off" is more precise. Spin-offs occur when the equity owners of the parent company receive equity stakes in the newly spun off company. [6] For example, when Agilent Technologies was spun off from Hewlett-Packard (HP) in 1999, the stockholders of HP received ...
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.
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; Research spin-off, a company founded on the findings of a research group at a university
Sometimes editors "spin off" part of an existing article to create an article focused on a sub-topic. This is done through the Wikipedia:Splitting process. Examples might be the cuisine of a particular region being forked from an article about the region in general, a filmography being forked from an article about a director, or a sub-genre ...
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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.
One of the biggest decisions anyone has to make for retirement is where to invest money. If you ask 10 different financial advisors, there is a 100% chance you’ll get 10 different answers. This ...