“To illustrate how good Parth is at his job and how well-received he is among our units, a business unit we were supporting coined the phrase ‘Parth’d it’ as being synonymous with fixing an issue,” Miller said. They were probably the earliest form of coworking, but they never really took off outside of the hotel industry.Parth Bhagat, a programmer and analyst in the Office of the Vice President for Research, has quite the reputation, and not just within his own unit - although they are quick to call him everything from professional to courteous to “incredibly productive.”īhagat’s dedication to doing his job well has inspired those in other departments with which his unit overlaps, said Jonathan Miller, assistant vice president for Research Administration Operations and Systems. Business centerīusiness centers are spaces in hotels or other non-business properties that are equipped with desks and computers where travelers can work out. One of the most popular providers of executive suites is Regus. Over the years, executive suites started to be used as satellite locations or small business offices with a more corporate touch. Executive suiteĮxecutive suites or centers consist of a grouped number of serviced offices, rooms or suites used traditionally by top managers of a business. A big motivation is often building relationships with a startup community by hosting events inviting fresh perspectives on trends and innovations happening outside of the view of the company. Typically, innovation labs are created by corporations as a safe place to experiment with new approaches to product and business models. Veteran accelerator Y Combinator, for example, takes members in batches based on a hard selection process that includes often giving equity in return for a small investment and hands-on advice by experienced mentors. They differ in how they take clients, though. Startup spaces like Techstars are very similar to coworking when it comes to the communal aspect of the term-they often create a strong sense of community. “HQ as a service” typically means a fully customized and branded space with custom interior designs, which is leased from a shared workspace operator like WeWork. This is a relatively new term that refers to small-to-medium size companies that are looking to leasing their own space for their headquarters. They are much more open, which comes with aesthetic advantages but often also with productivity disadvantages, including noise or visual distractions. Open office mainly refers to the layout of the space, which avoids having walls or even dividers between desks. Synonyms for "shared workspace" include " flexible office," "shared office," "flexible workspace" and "serviced office space." Open office From a technology standpoint, shared workspaces typically operate on a more corporate network setup and infrastructure which some companies require for security and performance. Typically a shared workspace places less emphasis on the community aspect of coworking and attracts more established businesses with traditional services including catering, conference room booking and reception services. Not all of them are one-to-one synonyms, so make sure to note the differences between each phrase. There are dozens, but this list is a comprehensive survey of the most popular ones. Now you can dive into the many other forms of the word in the simplest, most accessible terms possible. The basic value of coworking is, first of all, community, but also openness, collaboration, sustainability and accessibility. Coworkers work collaboratively in a physically shared space. There are dozens of definitions of coworking floating around out there, but this one gets closest to the word's spirit: Coworking spaces are shared workspaces often connected with a community approach. What is coworking?īefore explaining coworking's various synonyms, you should know the general meaning of the word. Below, check out some other words to use. It's a concept often used in general terms, so sometimes it makes sense to pick a more specific term for the practice. But it's not just one practice coworking could mean dozens of things. With businesses like WeWork, Regus, and Impact Hub on the rise, coworking is one of the buzziest words in both business and real estate these days.
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