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Wework Report 101

WeWork is a leading provider of shared workspaces, founded in 2010. Its business model involves signing long-term leases for large, centrally-located buildings and converting them into flexible, amenity-rich coworking spaces. WeWork then rents dedicated desks, closed offices, and other workspace options to individuals and companies on a monthly or yearly basis. Key resources and capabilities that have enabled WeWork's rapid growth include its large physical network of over 500 locations in more than 80 cities globally, access to vast amounts of data to optimize site selection and layouts, and financial backing of nearly $11 billion from major investors. While governance issues exist, WeWork's continued expansion even at its current large scale indicates long-term

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107 views2 pages

Wework Report 101

WeWork is a leading provider of shared workspaces, founded in 2010. Its business model involves signing long-term leases for large, centrally-located buildings and converting them into flexible, amenity-rich coworking spaces. WeWork then rents dedicated desks, closed offices, and other workspace options to individuals and companies on a monthly or yearly basis. Key resources and capabilities that have enabled WeWork's rapid growth include its large physical network of over 500 locations in more than 80 cities globally, access to vast amounts of data to optimize site selection and layouts, and financial backing of nearly $11 billion from major investors. While governance issues exist, WeWork's continued expansion even at its current large scale indicates long-term

Uploaded by

tran quoc viet
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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https://www.coworkingresources.

org/blog/the-wework-business-model

https://notesmatic.com/five-forces-analysis-of-amazon-inc/

https://www.slideshare.net/romanaaktara/how-resources-and-capabilities-lead-to-competitive-
advantages
WeWork is at the forefront of the shared workspace industry, founded in
2010 in New York. The business model is simple, it finds large, centrally-
located buildings where have a big population and signs contracts for five
to fifteen year then decorates, redesigns and offers coworking spaces to
entrepreneurs, startup companies, freelancers and big corporarations on a
monthly or yearly basis. The WE company resources and capacities:
- Physical: Wework is expanding very quickly and has 527,000
members at the end of June 2019 , an increase more than 90% from
2018 with 528 locations, spread across 86 cities in 32 countries. Till
2018, WeWork manages 46.63 M square feet, more than 5.2 M from
New York alone. It has the most of its locations in the US with 212
locations, London has the second most Wework locations after New
York city. Wework is also expanding in emerging markets, especially
China, India, Brazil. WeWork has a lot of data and uses software to
find ideal office locations and layouts. In WeWork’s building, each
person works in a space of 50 sq ft, compared to 250 sq ft in normal
office building. Taking advantage of economy of scale and
technology, the company operates much more effitiently (4 months
compared with the average of 9 months), it has decreased the cost of
redesigning offices and reduced price 40% compared with the
average price. It also exploits those advantages of data and software
to provide facilities managing services to large coparations such as
IBM, Verizon,…
- Financial: WeWork has raised a lot of money from Softbank (nearly
$11B, given the company valuation at 47B), Harvard Management
Company, JP Morgan Chase, Goldman Sachs, Fidelity Investments,
Benchmark, which has been helping it to expand very quickly. The
company wants to float at the end of 2019 to have more funding for
its expantions and operations.
- Human and Brand recognition:

With the valuation of $20B, I would invest in the company. Despite having
governance problems and the concern about co-founder and CEO Adam
Neumann over conflict of interest, the company is expanding quickly even
its alrealy at a large scale and . Its long ter

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