Lucent Technologies Spin-off

A spin-off occurs when a company creates a new, independent company by separating part of its business. In the case of Lucent Technologies, it spun off companies like Avaya to focus more on its core telecommunications equipment. This allows both the original company and the new entity to better target their markets, innovate, and grow without being tied to each other. Spin-offs can unlock value and improve strategic focus, helping each company better serve its specific customers and goals.