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Stagekings: Can Family Businesses Embrace Agility in Turbulent Markets?
內容大綱
On December 15, 2020, the chief executive officer (CEO) of Australian event-staging company Stagekings Pty. Ltd. (Stagekings) was honoured with a SmartCompany Resilience award. Speaking at the event, he reflected on the dreadful day of Friday March 13, 2020, when a lockdown was announced due to COVID-19. In the 48 hours following this announcement, Stagekings lost all its live-event jobs. Sick to the core, the CEO decided to post an open letter asking Australians what they needed the most. Addressing many requests from people working from home, Stagekings rapidly launched a new brand, IsoKings, with a single product: a flat-pack desk. In just 15 months after its launch, IsoKing reported revenue of AU$1.5 million. As lockdowns lifted and people returned to offices, the CEO was worried: Should IsoKings be further developed, or should the company get back to its core business of making stages?