WeWork Multinational Overview

WeWork Multinational Overview
Student’s Name
Institutional Affiliation
Course
Instructor
Date
WeWork Multinational Overview
Towards the end of 2019, WeWork was seeking funds from banks and other investors to sustain its expansion goals. However, the investors expressed concerns regarding the business model’s sustainability. This negatively affected the valuation of the company, and subsequent leadership and management changes, including the resignation of Adam Neuman, co-founder, who was also accused of nepotism and other poor business conduct (Agnihotri & Bhattacharya, 2020). The concern at this point included whether the new appointees should embrace global expansion and diversify its product and service portfolio, which would guarantee access to new markets and client base and, establish a competitive advantage over rivals, reduce risks, among other factors (Arte & Larimo, 2022; Pedersen & Tallman, 2022). By m...