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    Case Study

    Teekay Corporation: Organized for success

    By Peter Lorange and Colleen Lief
    10 pages
    May 2008
    Order this case study
    Reference: IMD-3-1931

    Teekay Corporation grew quickly from its founding as an operator of oil tankers in 1973. It soon started its own fleet which expanded to 60 by the time the founder died in the early 1990s. A 1995 IPO allowed the company to benefit from accessing capital markets. Within 10 years, Teekay became the master of the “marine midstream” concept in the tanker segment. That is, the transportation arena between oil and gas producing areas and downstream refineries, processing and distribution facilities. Shuttle tankers, floating production, storage and offtake units and transportation solutions for liquefied petroleum gas and compressed natural gas were in the firm’s field of expertise. Besides carving a niche for itself in the energy industry, Teekay pursued differentiating capital markets and financial innovations. The company’s organizational strategies and approach to funding were all designed to make the innate value of the firm’s total operations visible to investors. In this way, the firm could grow most efficiently and without limitations.

    Learning Objective

    To examine how a firm can assess its own strengths, weaknesses and place in the market and develop unique strategies that maximize its advantages. To take a look at differentiating capital markets and organizational strategies. How innovation can be applied to even traditional industries to great effect.

    Keywords
    Shipping, Marine Midstream
    Settings
    World/global, Canada
    1973-2008
    Type
    Field Research
    Copyright
    © 2008
    Available Languages
    English
    Related material
    Teaching note
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    Reference IMD-7-2352
    Copyright ©2024
    Copyright owner IMD Copyright
    Organization Nippon Telegraph and Telephone
    Industry Services, Telecommunications;Information Technology
    Available Languages English
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