http://www.businessweek.com/innovation/slimming-down-for-future-growth-07142011.htmlInteresting article referring to IBMs growth strategy.
Indian corporate examples in this area include:
L&T Selling off Cement division to Birlas and deciding to focus on high end infrastructure EPC business
Many telecom companies hiving off the tower business to partners or JVs thereby generating funds for their core business growth, while at the same time having a level of control in the telecom infrastrucutre
and many more.
What has been the experience in your company / group? Do post/share