Financially the Prospect was Completely Overwhelming - Management Assignment Help

Assignment Task:

Task:

It was Friday the 13th March, 2020. If we were superstitious, we might have known something bad would happen.. It is a day that every Australian working in Events and Entertainment industry will remember forever - the day our entire industry fell over. It was the day that our Prime Minister announced measures that lead to the immediate shutdown of our entire industry, by placing impossible restrictions on all events. It was the first national industry to be 100% affected by to the COVID-19 crisis, and it happened very, very quickly. We were half-way through building a massive set for Formula 1 in Melbourne; we were half-way through constructing possibly the largest truss structure in the country for Channel 9’s Ninja Warrior live film set; we were bumping out some giant stainless steel cricket balls from the T-20 World Cup. We were having discussions with dozens of event companies and agencies about creating some really awesome stuff. In the space of just 48 hours, our entire income and job list for the next two years was completely cancelled. We had no choice but to make massive and instant cuts to our business.

“The mix of emotions I felt was impossible to put into words” says Jeremy. “Financially the prospect was completely overwhelming, but letting all of our hard working, loyal staff go was just too much to bear. I felt sick to the core. We pretty much decided there and then that we had to - HAD to - come up with something to survive” Getting Creative We gathered our talented team together, and we brainstormed. But this time, it wasn't to impress a client, it was for pure survival of our business and of our people. This had to be our best work yet. We thought about what would be needed at a time like this, and quickly realised that tens of thousands of Aussies would have to start working from home with almost immediate effect. We had a CNC router (specialised cutting machine), a large and well prepared warehouse set up to custom make pretty much anything, and an unbelievably talented team on tap. So we decided to produce super-simple but beautiful work-from-home desks - Stagekings style.

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