What Walmart is to the supermarket business, National Steel Car Ltd is to the railcar manufacturing industry. National Steel Car Ltd began dominating the industry many years ago thanks to their Chief Executive Officer Greg Aziz. His skills led National Steel Car Ltd to celebrate over 100 years in the railcar manufacturing industry. No other competing business in this industry has achieved this accomplishment.
Gregory J Aziz was able to claim this prize because he practiced good business sense, which he learned while gaining an economics degree from his hometown University of Western. Here, as a mentee, he learned at the feet of masters in his field. Their lessons served him well when he became the Chief Executive Officer of National Steel Car Ltd.
Greg Aziz knew that if National Steel Car Ltd wanted to achieve the prestigious title of a century in business, then some things had to change. For one thing, National Steel Car Ltd had to stop relying on what worked for them in the past. The world was changing. Gregory James Aziz did not doubt this in the least. If National Steel Car Ltd did not change with it, then it would fall into bankruptcy. If a change was to happen, then Research and Development had to become the prominent department of his business.
After getting his fellow executives on board, Gregory James Aziz sat down with Research and Development and painted for them a vision. He told them that a time was coming when railcars would have to produce fewer emissions, travel further, and carry heavier loads. The first company to make that a reality would thrive after the turn of the century. Immediately the Research and Development department got to work. See This Page to Learn More.
The research of this new product took longer, and cost more than Gregory James Aziz anticipated. However, his patience paid off. Right before the Canadian and American companies passed stricter regulations on the industry, Research and Development presented him with a railcar that produced fewer emissions, travel further, and carry a load before this not known.
Once the new regulations passed, other companies could not keep up. They were forced to travel shorter distances and at a slower pace. However, because Gregory James Aziz had looked at future trends, his company was not impacted by these new laws. His business won the market share and has been at the top since.
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