When a corporation or existing business creates a separate team (built from employees and / or contracted staff) to search for a repeatable and scalable business model.
In the same way a start up is these devisions are in a phase of development and research for markets.
This approach is rare as most companies tend to acquire existing assets in the market rather than build from scratch themselves.
In the same way a start up is these devisions are in a phase of development and research for markets.
This approach is rare as most companies tend to acquire existing assets in the market rather than build from scratch themselves.
IBM created a spinup 'Lenovo' to go after the portable PC market. (This statement is actually not true as Lenovo acquired IBM's PC business. )
by Judioo April 13, 2015