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Do you think that WeWork could “turn the dial” to become profitable? If so, what changes should the Company make? If not, Why not?

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Posted on 
May 21st, 2023
Home Homework Help Do you think that WeWork could “turn the dial” to become profitable? If so, what changes should the Company make? If not, Why not?

Venture capital question | Business & Finance homework help

WeWork could become more profitable if it made certain modifications to its current business model. The company needs to consider cutting its real estate investment and focusing on more innovative solutions such as flexible office spaces, co-working space, event venues, etc. They could diversify their income streams through additional services or products beyond renting physical spaces. It could reduce the reliance of their business on a single income source, which is beneficial during economic recessions.

The second step is to change the corporate culture, which will lead to greater productivity and savings. It could be a matter of streamlining the operations, and taking measures to promote growth as well as reduce unnecessary expenditure. It is also important that they invest in the latest technology, as it can help to reduce costs and increase productivity. WeWork can become profitable once more by taking these measures.

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