Close
    HomeResearch & Knowledgeback to HomeStrategyback to Research & KnowledgeFescoback to Strategy
    Case Study

    Fesco

    By Peter Lorange and Inna Francis
    18 pages
    September 2008
    Order this case study
    Reference: IMD-3-1929

    This case describes a Russian shipping and transportation company, FESCO, from its early days as a state-operated shipping company, focusing on the Russian Pacific trade from Vladivostok, through to its privatization under the new majority ownership of Sergei Generalov, former Russian minister of fuel and energy. It subsequently diversified into rail services and terminals and expanded its shipping operations from the Russian Pacific to the Baltic and Black Seas. FESCO became a key logistics player in the rapidly growing Russian market. The case also focuses on how the ownership mix changed in order to raise the necessary capital for expansion.

    Learning Objective

    The learning objective of this case is two fold. First, the case shows how a particular shipping business – container shipping – might become further strengthened through integration with rail, terminals and other shipping line services. Second, the case illustrates how FESCO’s portfolio strategy remains vulnerable because of its dependence on the state of the Russian economy and legislators, despite an impressive on-paper diversification.

    Keywords
    Shipping
    Settings
    Russia
    2006-2008
    Type
    Field Research
    Copyright
    © 2008
    Available Languages
    English
    Related material
    Teaching note
    Case clearing houses
    IMD case studies are distributed through case clearing houses. In order to browse the collection and purchase copies please visit the links below.

    The Case Centre

    Cranfield University

    Wharley End Beds MK43 0JR, UK
    Tel +44 (0)1234 750903
    Email [email protected]

    Harvard Business School Publishing

    60 Harvard Way, Boston MA 02163, USA
    Tel (800) 545-7685 Tel (617)-783-7600
    Fax (617) 783-7666
    Email [email protected]

    Asia Pacific Case Center

    NUCB Business School

    1-3-1 Nishiki Naka
    Nagoya Aichi, Japan 460-0003
    Tel +81 52 20 38 111
    Email [email protected]

    Copyright Information

    IMD retains all proprietary interests in its case studies and notes. Without prior written permission, IMD cases and notes may not be reproduced, used, translated, included in books or other publications, distributed in any form or by any means, stored in a database or in other retrieval systems. For additional copyright information related to case studies, please contact Case Services.

    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Strategy
    Browse all topics
    Discover our latest research
    IMD's faculty and research teams publish articles, case studies, books and reports on a wide range of topics
    All case studies
    Keep reading
    Article
    Management myth-busters: Does culture really eat strategy for breakfast?

    Culture eats strategy for breakfast is one of the most enduring truisms of management. But is it really the case? And what is culture anyway? Culture eats strategy for breakfast is one of the most enduring truisms of management. But is it really t...

    Strategy
    By Michael R. Wade
    in I by IMD
    Read more
    Article
    Strategy stack: An integrated approach to decision-making

    The ways popular frameworks are used fall short in today’s rapidly changing environment. Here is a new way to make better-informed strategic choices.

    Change Management Competitiveness Decision Making Innovation Strategy
    By Albrecht Enders, Ajay K. Kohli, Andreas König and Arnaud Chevallier
    in I by IMD
    Read more
    Case Study
    Bossard’s AI strategy for proven productivity (Cartoon case)

    Bossard, a Swiss company founded in 1731, has successfully transitioned from a product-centric approach to one that offers services and solutions. It has achieved significant revenue growth despite economic challenges. Its brand promise, “proven p...

    Artificial Intelligence Business Transformation Strategy
    By Stefan Michel
    Case reference: IMD-7-2575, © 2024
    Read more
    Case Study
    The AI paradox: Will generative AI enhance or destroy the business model of 99designs.com? (Cartoon case)

    99designs.com is a global platform connecting freelance designers with potential clients. The case study examines the potential impact of generative AI on 99designs’ business model. The platform uses a crowdsourcing approach that invites designers...

    Strategy Business to Business Digital Disruption
    By Stefan Michel
    Case reference: IMD-7-2505, © 2024
    Read more
    Article
    Putting the ‘G’ in ESG (and the ‘A’ in alpha)

    Test your knowledge on ESG governance with our fun quiz! Learn how strong governance drives environmental and social success in investing. Take it now!

    Corporate Governance Strategy
    in I by IMD
    Read more
    Article
    How CEO’s drive saved car giant Ford from the scrapyard

    Companies desperately in need of a turnaround in fortunes should take inspiration from the 2008 rescue mission by the then-new Ford boss Alan Mulally.

    Agility Business Transformation Change Management Competitiveness Decision Making Future Readiness Leadership Organizational Culture Performance Management Strategy
    By Howard H. Yu
    in I by IMD
    Read more
    Article
    The next US administration must reassure China, not just deter it

    Panelists debate the next US administration’s policy on China

    China Geopolitics Global Business Strategy
    By Nico Luchsinger
    in I by IMD
    Read more
    Article
    Look in to look out: Strategy and family business identity during COVID-19

    COVID-19 challenges the value systems of family firms and urges them to adapt their behaviors, affecting their identities. This study aims to explore how and why family businesses strategically respond to challenges to their identity during COVID-...

    Family Business Strategy
    By Alfredo De Massis, Rebecca Alguera Kleine and Bingbing Ge
    in Small Business Economics
    October 2024, vol. 63, pp. 993–1018, https://doi.org/10.1007/s11187-023-00846-3
    Read more
    Article
    Family businesses and strategic change: The role of family ownership

    In this study, we analyze how the performance-aspiration gap influences strategic change in family firms, providing evidence of the moderating role of family ownership in this relationship. According to socioemotional wealth (SEW) theory, family o...

    Family Business Strategy
    By Nina Schweiger, Kurt Matzler, Julia Hautz and Alfredo De Massis
    in Review of Managerial Science
    October 2024, vol. 18, pp. 2981-3005 https://doi.org/10.1007/s11846-023-00703-3
    Read more
    Report
    Nature's ROI: Five key enablers for building a nature-positive business strategy

    As the global environmental crisis reaches unprecedented levels, businesses face mounting pressure to act. But this challenge is also a major business opportunity. The companies that move quickly to tackle biodiversity loss will not only protect o...

    Sustainability Strategy
    By Julia Katharina Binder, Adrian Dellecker and Aurélie V. Stamm
    IMD Center for Sustainable and Inclusive Business Report, October 2024
    Read more
    Management myth-busters: Does culture really eat strategy for breakfast?
    By Michael R. Wade
    in I by IMD
    Summary
    Culture eats strategy for breakfast is one of the most enduring truisms of management. But is it really the case? And what is culture anyway? Culture eats strategy for breakfast is one of the most enduring truisms of management. But is it really t...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Strategy
    Browse all topics
    Strategy stack: An integrated approach to decision-making
    By Albrecht Enders Ajay K. Kohli Andreas König and Arnaud Chevallier
    in I by IMD
    Summary
    The ways popular frameworks are used fall short in today’s rapidly changing environment. Here is a new way to make better-informed strategic choices.
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Change Management
    Competitiveness
    Decision Making
    Innovation
    Strategy
    Browse all topics
    Bossard’s AI strategy for proven productivity (Cartoon case)
    By Stefan Michel
    Case reference: IMD-7-2575 ©2024
    Summary
    Bossard, a Swiss company founded in 1731, has successfully transitioned from a product-centric approach to one that offers services and solutions. It has achieved significant revenue growth despite economic challenges. Its brand promise, “proven p...
    Read more
    Reference IMD-7-2575
    Copyright ©2024
    Copyright owner IMD Copyright
    Organization Bossard Holding
    Industry Manufacturing, Fasteners
    Available Languages English
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Artificial Intelligence
    Business Transformation
    Strategy
    Browse all topics
    The AI paradox: Will generative AI enhance or destroy the business model of 99designs.com? (Cartoon case)
    By Stefan Michel
    Case reference: IMD-7-2505 ©2024
    Summary
    99designs.com is a global platform connecting freelance designers with potential clients. The case study examines the potential impact of generative AI on 99designs’ business model. The platform uses a crowdsourcing approach that invites designers...
    Read more
    Reference IMD-7-2505
    Copyright ©2024
    Copyright owner IMD Copyright
    Industry Manufacturing, Graphic Design
    Available Languages English
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Strategy
    Business to Business
    Digital
    Disruption
    Browse all topics
    Putting the ‘G’ in ESG (and the ‘A’ in alpha)

    in I by IMD
    Summary
    Test your knowledge on ESG governance with our fun quiz! Learn how strong governance drives environmental and social success in investing. Take it now!
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Corporate Governance
    Strategy
    Browse all topics
    How CEO’s drive saved car giant Ford from the scrapyard
    By Howard H. Yu
    in I by IMD
    Summary
    Companies desperately in need of a turnaround in fortunes should take inspiration from the 2008 rescue mission by the then-new Ford boss Alan Mulally.
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Agility
    Business Transformation
    Change Management
    Competitiveness
    Decision Making
    Future Readiness
    Leadership
    Organizational Culture
    Performance Management
    Strategy
    Browse all topics
    The next US administration must reassure China, not just deter it
    By Nico Luchsinger
    in I by IMD
    Summary
    Panelists debate the next US administration’s policy on China
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    China
    Geopolitics
    Global Business
    Strategy
    Browse all topics
    Look in to look out: Strategy and family business identity during COVID-19
    By Alfredo De Massis Rebecca Alguera Kleine and Bingbing Ge
    in Small Business Economics October 2024, vol. 63, pp. 993–1018, https://doi.org/10.1007/s11187-023-00846-3
    Summary
    COVID-19 challenges the value systems of family firms and urges them to adapt their behaviors, affecting their identities. This study aims to explore how and why family businesses strategically respond to challenges to their identity during COVID-...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Family Business
    Strategy
    Browse all topics
    Family businesses and strategic change: The role of family ownership
    By Nina Schweiger Kurt Matzler Julia Hautz and Alfredo De Massis
    in Review of Managerial Science October 2024, vol. 18, pp. 2981-3005 https://doi.org/10.1007/s11846-023-00703-3
    Summary
    In this study, we analyze how the performance-aspiration gap influences strategic change in family firms, providing evidence of the moderating role of family ownership in this relationship. According to socioemotional wealth (SEW) theory, family o...
    Read more
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Family Business
    Strategy
    Browse all topics
    Nature's ROI: Five key enablers for building a nature-positive business strategy
    By Julia Katharina Binder Adrian Dellecker and Aurélie V. Stamm
    IMD Center for Sustainable and Inclusive Business Report, October 2024
    Summary
    As the global environmental crisis reaches unprecedented levels, businesses face mounting pressure to act. But this challenge is also a major business opportunity. The companies that move quickly to tackle biodiversity loss will not only protect o...
    Read more
    Copyright ©2024
    Copyright owner Mixed Copyright
    Available Languages English
    Contact

    Research Information & Knowledge Hub for additional information on IMD publications

    Related topics
    Sustainability
    Strategy
    Browse all topics