Gregory James Aziz took over National Steel Car and renewed the company. He focused on retaining market control of the railroad freight industry through having superior products. His research department told him that it was impossible to create a railroad car that could last longer, send out less fuel and travel faster. Gregory J Aziz spent millions in research to make that happen. Within 5 years of acquiring National Steel Car, this company was back on top of market shares and owned most the control through having superior freight cars.
Greg Aziz went to college for an economics degree. This prepared him for thinking critically, a skill highlighted through his keen business strategies. After college, he spent time helping his family in their food business. This business would import food from all over the world into the United States. Gregory left this company eventually. He went to New York where he took over National Steel Car.
National Steel Car was established long before Gregory took over as CEO. The company was around during the Great Depression where they fought to remain alive. Since the economy was extremely poor, there was not a great need for railroad freight cars. National Steel Car resorted to making other types of products to stay in business. The second world war occurred and brought them back into business through the enormous need that was present to move items across the country.
In the 1990’s however, innovation stopped. Other companies began gaining the market share that National Steel Car once had. The company was up for sale; its CEO decided to sell the company because it looked like the end for this established corporation. Gregory assumed control and gained the market once again by innovation in National Steel Car’s product line. The new car was superior to others on the market and could be made in an effective manner. This was Gregory’s method to success. See This Article to learn more.
In time, laws were passed that required freight cars to emit low amounts of waste. Most companies were not in a position to meet all the different requirements. As a result, very few companies would have the means to travel across state lines. National Steel Car took advantage of this by being a company that had cars that met every single of the requirements. Their cars were used and further propelled National Steel Car into financial success. Gregory J Aziz has given back to various causes from the success of this company.