The case discuss the entrepreneurial paths taken by two guys, a father and son team, who created a tremendously successful business venture in the first decade of the 21st century in regional marine offshore sector. The variables that led to venture's rapid growth are examined as well as the challenges they faced in choosing Ezra Holdings, their business, to the next level of increase that was quick. Initiated in the year 1992, the entrepreneurs leveraged on their knowledge of the local oil and gas (O&G) and marine engineering businesses to raise the business into a global offshore support services business with market capitalisation of US$1.2 billion by the end of January 2010. The firm began as a modest company handling and running supply boats supporting offshore O&G activities in the area. From managing little boats, they moved on to build the essential capabilities needed to run efficient offshore support services for O&G exploration and production jobs of leading global firms.
They embarked on a string of joint ventures and asset acquisitions with other players, to drive growth. In a highly capital-intensive company, they were in prospecting for funds needed to guarantee the operating assets of their company successful. As they moved up the value chain in their segment of the business, additionally they kept a watch from acquired businesses to build their human resource pool for industry experts or specialists and technical staff. Ezra's century of rapid growth is examine from several perspective: • Entrepreneurship as the active process of arrangement and actions. • Capacity building as an essential condition for new venture success as reflected in Ezra's resource acquisition strategies for technical knowhow, human capital and resources.
PUBLICATION DATE: July 19, 2010 PRODUCT #: NTU029-PDF-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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