Teekay Corporation: Organized for success
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.
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.
1973-2008
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]
NUCB Business School
1-3-1 Nishiki Naka
Nagoya Aichi, Japan 460-0003
Tel +81 52 20 38 111
Email [email protected]
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.
Research Information & Knowledge Hub for additional information on IMD publications
In this study, we analyze how the performance-aspiration gap influences strategic change in family firms, providing evidence of the moderating role...
The call by the former Italian prime minister and ECB president for massive investment in the EU is a wake-up call to Europe's economic stagnation....
The case highlights the significant role played by the International Olympic Committee (IOC) in reducing its environmental footprint and promoting ...
in I by IMD
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in I by IMD
Research Information & Knowledge Hub for additional information on IMD publications
in Review of Managerial Science October 2024, vol. 18, pp. 2981-3005 https://doi.org/10.1007/s11846-023-00703-3
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications