{"id":63185,"date":"2019-09-04T16:11:39","date_gmt":"2019-09-04T20:11:39","guid":{"rendered":"https:\/\/www.wework.com\/ideas\/?p=63185"},"modified":"2020-09-03T05:53:09","modified_gmt":"2020-09-03T09:53:09","slug":"enterprises-leveraging-wework-agile-real-estate","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/workspace-solutions\/case-studies\/enterprises-leveraging-wework-agile-real-estate","title":{"rendered":"Five ways enterprises are leveraging WeWork\u2019s agile real estate"},"content":{"rendered":"\n<p>Enterprise companies are not all built the same. There are myriad differences between a global tech giant and an investment bank and a high-end retailer. But every enterprise company can benefit from increased agility.&nbsp;<\/p>\n\n\n\n<p>The ability to work fast, pivot, and respond to challenges as they happen can be a business\u2019s greatest asset. Agility means quickly reaching customers in new markets, offering prospective employees the opportunity to work on groundbreaking projects, investing in the latest technology, and <a href=\"https:\/\/www.wework.com\/ideas\/what-is-business-innovation\">innovating a product offering<\/a> to respond to market demand. It\u2019s no wonder that <a href=\"https:\/\/www.mckinsey.com\/business-functions\/organization\/our-insights\/the-five-trademarks-of-agile-organizations\">70 percent of agile organizations rank in the top quarter of organizational health<\/a>\u2014the strongest indicator of positive long-term performance, according to McKinsey.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.wework.com\/ideas\/a-guide-to-agile-real-estate\">Real estate, too, can be agile<\/a>, by allowing companies to adapt their portfolio as needed for the health and growth of their business, while decreasing up-front capital investment and reducing risk.&nbsp;<\/p>\n\n\n\n<p>Today, more than one-third of the Fortune 500 are leveraging WeWork\u2019s agile real estate solutions to achieve their business goals. Take a look at how.<\/p>\n\n\n\n\n\n<h2  id=\"1-company-headquarters-oscar-health\"class=\"wp-block-heading\"><strong>1. Company headquarters: Oscar Health<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-embed-vimeo wp-block-embed is-type-video is-provider-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/351721428?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Rapid growth had poised tech-driven insurer <a href=\"https:\/\/www.wework.com\/ideas\/oscar-health-case-study\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Oscar Health (opens in a new tab)\">Oscar Health<\/a> to successfully scale, but in 2018, their existing New York headquarters could no longer hold all their talent. As a solution, Oscar Health identified WeWork to source, design, and build out a new space.&nbsp;<\/p>\n\n\n\n<p>In May 2019, Oscar moved more than 500 employees into their new headquarters at One Hudson Square in downtown Manhattan. The office reflects their brand and encompasses every feature on their wish list: The open floor plan has a variety of functional workspaces, ranging from individual booths to open lounges, to complement <a href=\"https:\/\/www.wework.com\/ideas\/eight-kinds-of-space-your-office-needs-for-activity-based-working\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"different work styles (opens in a new tab)\">different work styles<\/a>. <br><br>By partnering with WeWork, Oscar was able to save time and money. \u201cWorking with WeWork for cost savings, time efficiency, and streamlining the overall process was a win on all three counts,\u201d says Charlie Mirisola, workplace operations manager at Oscar.<\/p>\n\n\n\n<h2  id=\"2-regional-headquarters-slack\"class=\"wp-block-heading\"><strong>2. Regional headquarters: Slack<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-embed-vimeo wp-block-embed is-type-video is-provider-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"WeWork Member Stories: Slack\" src=\"https:\/\/player.vimeo.com\/video\/325436551?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.wework.com\/ideas\/slack-case-study\">Slack, the workplace communication tool<\/a>, provides a digital platform for the free flow of relevant information between employees. The company is headquartered in the heart of San Francisco and has offices in 10 cities around the world, from Vancouver to Tokyo. Yet Slack ensures that each of those regional offices meets their unique requirements and feels like extensions of the headquarters.<br><br>When evaluating real estate partners to further expand their footprint, Slack considered only those whose values and approach aligned with their own. They were also looking for flexible real estate solutions that wouldn\u2019t tie up their funds in a 10- to 15-year traditional lease.&nbsp;<\/p>\n\n\n\n<p>\u201cFor any company, expenditures on capital is a dollar that we didn\u2019t spend on R&amp;D, it\u2019s a dollar that we didn\u2019t spend on marketing, it\u2019s a dollar that we didn\u2019t spend on headcount,\u201d says Deano Roberts, Slack\u2019s vice president of global workplace and real estate.<\/p>\n\n\n\n<p>That\u2019s why, when it came time to build out a regional headquarters in New York, Slack turned to WeWork.<br><br>Slack\u2019s New York team now resides in a private, personalized WeWork space in a prime neighborhood. The workspace is warm, inviting, and outfitted with Slack\u2019s branding and custom artwork.&nbsp;<\/p>\n\n\n\n<p>\u201cWhen I look at the most meaningful and impactful workplaces, I think there\u2019s a deep alignment between tools, culture, and spaces,\u201d says Roberts. \u201cSlack is a collaboration hub where people can come together to do the best work of their lives. And WeWork is a physical manifestation of that.\u201d<\/p>\n\n\n\n<h2  id=\"3-innovation-hub-standard-chartered\"class=\"wp-block-heading\"><strong>3. Innovation hub: Standard Chartered<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-embed-vimeo wp-block-embed is-type-video is-provider-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"WeWork Member Stories: Standard Chartered Bank\" src=\"https:\/\/player.vimeo.com\/video\/272968860?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>In 2018, <a href=\"https:\/\/www.wework.com\/ideas\/standard-chartered-case-study\">Standard Chartered, a multinational financial services company, launched SC Ventures<\/a>. This <a href=\"https:\/\/www.wework.com\/ideas\/innovation-labs\">business unit<\/a> was charged with driving digital innovation, investing in fin-tech and startups, and piloting new business models\u2014all with the goal of improving the customer banking experience. The company had space on the ninth floor of their Standard Chartered Tower in <a rel=\"noreferrer noopener\" aria-label=\"Hong Kong (opens in a new tab)\" href=\"https:\/\/www.wework.com\/l\/hong-kong\" target=\"_blank\">Hong Kong<\/a>, but it needed a complete overhaul to inspire the SC Ventures team to do cutting-edge work. <br><br>Standard Chartered decided to partner with WeWork to transform that floor into a collaborative workspace, fit for innovation, dubbed the \u201ceXellerator Lab.\u201d&nbsp;<\/p>\n\n\n\n<p>Dr. Michael Gorriz, group chief information officer at Standard Chartered, explains, \u201cThe word \u2018eXellerator\u2019 stems from two words: \u2018acceleration\u2019 in change and \u2018excellence\u2019 in client service.\u201d The eXellerator Lab includes flexible classrooms, different types of meeting rooms, and even a large lounge to accommodate a wide range of events and day-to-day workshops.&nbsp;<\/p>\n\n\n\n<p>\u201cThe eXellerator in Hong Kong lets us bring ideas, skills, and, importantly, individuals\u2014clients, fintech entrepreneurs, colleagues from the bank\u2014together to <a href=\"https:\/\/www.wework.com\/ideas\/how-to-encourage-innovation-in-the-workplace\">enable innovation<\/a>,\u201d says Alex Manson, global head of SC Ventures, Standard Chartered.<\/p>\n\n\n\n<h2  id=\"4-touchdown-space-for-traveling-teams-microsoft\"class=\"wp-block-heading\"><strong>4. Touchdown space for traveling teams: Microsoft<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.wework.com\/ideas\/microsoft-productivity-wework\">Microsoft\u2019s New York City\u2013based sales team<\/a> had been working out of the company\u2019s headquarters: a WeWork location in Times Square. Each day, hundreds of team members fanned out across the New York region on sales meetings. Yet, all that travel time caused them to lose valuable working hours as they went back and forth between meetings and their headquarters. <br><br>WeWork proposed a solution: WeWork access, which would give 300 employees the ability to work from any <a href=\"https:\/\/www.wework.com\/l\/new-york-city--NY\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"WeWork location in Manhattan, Brooklyn, and Queens (opens in a new tab)\">WeWork location in Manhattan, Brooklyn, and Queens<\/a>.&nbsp;<\/p>\n\n\n\n<p>\u201cWe started to think of the benefit to our teams, which is what drives us as a company,\u201d says Matt Donovan, general manager at Microsoft.<\/p>\n\n\n\n<p>The ability to work from any WeWork completely transformed the employee experience for the tech giant. In fact, 92 percent of Microsoft employees surveyed were satisfied with the WeWork locations they visited; 84 percent of those surveyed believe access to WeWork locations makes them more productive; and 74 percent say WeWork access allows them to get close to customers.<\/p>\n\n\n\n<h2  id=\"5-business-development-opportunities-royal-bank-of-canada\"class=\"wp-block-heading\"><strong>5. Business development opportunities: Royal Bank of Canada <\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"\/ideas\/wp-content\/uploads\/sites\/4\/2019\/09\/Common-Area5_1-University_v2-800x534.jpg\" alt=\"\" class=\"wp-image-63440\"\/><figcaption>RBC at WeWork 1 University Ave in Toronto. Photograph by The We Company<\/figcaption><\/figure>\n\n\n\n<p>While leveraging WeWork locations to quickly scale up agile project teams in key cities around the world, the <a href=\"https:\/\/www.wework.com\/ideas\/rbc-case-study\">Royal Bank of Canada (RBC)<\/a> saw an opportunity to fully use these assets: WeWork\u2019s community of more than 400,000 members\u2014ranging from entrepreneurs to global enterprises\u2014could all benefit from RBC\u2019s financial and business expertise.<\/p>\n\n\n\n<p>In September 2017, RBC launched advice hubs in <a rel=\"noreferrer noopener\" aria-label=\"Toronto (opens in a new tab)\" href=\"https:\/\/www.wework.com\/l\/toronto\" target=\"_blank\">Toronto<\/a> and <a href=\"https:\/\/www.wework.com\/l\/montreal--QC\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Montreal (opens in a new tab)\">Montreal<\/a> WeWork locations. From those hubs, RBC employees could provide support for WeWork members, whether they needed help applying for a loan, optimizing their capital structure, or growing their headcount.<\/p>\n\n\n\n<p>This partnership has been a win-win. WeWork members get valuable financial advice at no cost, and working alongside their clients allows RBC employees \u201cto understand our clients\u2019 business and financial needs on a deeper level,\u201d says Niranjan Vivekanandan, vice president, strategy, commercial banking at RBC.<br><br><em>For all these reasons and more, WeWork\u2019s agile real estate solutions can support your business goals. 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She writes about the intersection of business and real estate. Previously, she created data-driven editorial and video at <a href=\"https:\/\/www.oracle.com\/index.html\">Oracle<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From company headquarters to innovation spaces, here\u2019s how flexible real estate allows corporations to reach their business goals<\/p>\n","protected":false},"author":1738,"featured_media":63208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[43904,43900],"tags":[499,508,39220],"class_list":["post-63185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-workspace-solutions","tag-agility","tag-flexibility","tag-enterprises"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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