Jason Marine Group - Staying The Course Or Going Into Unchartered Waters To Stay Relevant
Case Study by Joachim Sim
After 40 years, Jason Marine Group has remained a leading communication, navigation and
automation company serving the marine and offshore oil and gas industries.
Like the ebb and flow of tide, the company has its highs and lows over the years, having to overcome
various challenges and learning from each experience. Since its public listing in 2009, the market
situations have changed much.
It has remained relevant as an ongoing business through technology
and innovation by forging and leveraging on its good relationships with the many innovative
manufacturers of technology products that it has partnered and represented. It has drawn on its
strong reserves accumulated over the years to tide over its difficult 2015/16 financial year and is
expected to do the same for another challenging 12 months in 2016/17.
Jason Marine Group’s founder and executive chairman Joseph Foo has to reconcile the long-term need for strategic development with
the urgent need to meet short-term objectives. Whether he will be able to strike an equitable
balance between the two needs and to sustain Jason Marine Group in the long run will depend on
external factors that are beyond his control.
Read the report here.