From the time Richard Liu Qiangdong ; founder and CEO of JD.com, started operating a small shop in the city that was selling electronics and other components to now when he is operating one of the largest e-commerce organization in China, he is fully aware that there a significant number of challenges that face the market. However, some of the challenges, such as SARS outbreak, could only affect brick and motor businesses while modern businesses have their own share of problems.
As a testament to Liu’s admirable business practices, he has received numerous national and international awards for his entrepreneurship, business influence, innovation, and leadership. AACSB.edu considered Richard Liu Quiangdong as one of the Most Influential Leaders.
Richard Liu notes that one of the challenges facing the modern fashion industry is the growing number of people in the middle income bracket. In as much as the number of people with huge income is beneficial to the company, there are other problems that these people bring to the company. One of the challenges is that they are very demanding and enforce their rules and regulations. Fashion organizations are no longer in charge of the industry but the middle class individuals decide what to be sold. See This Page for more information.
The second challenge that is affecting the online companies, especially those selling fashion products is that there only a few number of individuals who have adopted online platform as their buying places. As companies invest heavily on the e-commerce platform, the number of those individuals buying goods through these platforms is not increasing. People in the villages don’t buy their products through the e-commerce platforms because of trust issues. Some of them don’t even know about the e-commerce retail outlets due to low technical knowledge.
Richard Liu Qiangdong notes that the other challenge is that brick and motor retail outlets remain to influential shopping areas for a large number of individuals in the country. There are many people who always want to buy their products in the traditional shops where they can see and touch the products they are buying. There is always a perceive notion that brick and motor retail outlets are trusted than online retail outlets.
Lastly, Richard Liu notes that a large number of people have significantly changed their consumption habits to the extent that they are demanding customized products. This is making it hard for organizations to keep in touch with the changing consumption habits.
Source article: https://www.forbes.com/profile/liu-qiangdong/#711217232c0d
National Steel Car is a popular company in North America because of its activities of producing railroad freight cars. The company is popular than others in the same industry because it has superior products which clients resonate with. This company is setting the bar very high for others to reach. The company is working on the best designs and trying various innovative ways of doing things so that the industry can grow. The company is working on various modalities of introducing the best technology in the rail sector, a company in the 21st century cannot survive without taking care of the latest technologies. Only a company that is ready to embrace technology can grow in the right manner.
Apart from being known as the biggest producer or rail products, the company has received recognition from other organizations. In 2015, it received the ISO certification on top of the numerous TTX SECO awards that the company has won in recent years. For over 13 years, NSC has won this award because of the high-quality product that it makes. In terms of excellence in engineering and manufacturing, this company has set the standards high. It has proved that through proper engineering planning, it is possible to create a company that can maintain an excellent reputation for a long time. National Steel Car has been around for the past over 100 years. It was first created in 1912 as a factory meant to supply rail products that were in high demand at the time. The founders realized that the company was making excellent profits and decided to pump more money into the idea. Read This Article for related information.
Before Greg Aziz purchased the NSC, he was in the banking industry. As an economist with a degree from the University of Western Ontario, he was learned and knowledgeable on matters of investment management. He took advantage of the opportunities that were available and invested in them. The opportunity to buy the National Steel Car from Dofasco came when he was in the banking industry.
of his first company. The growth that has taken place since then in this company is significant. He has transformed it in a manner that remains impressive. A company that was thought to be dead is now doing better than other. It is good to point out that the leadership of Gregory J. Aziz has been the difference that this company needed.
View Source: https://www.steelcar.com/Greg-Aziz-welcome