‘People Are the Core of My Business’ (2024)

When Arun Surendra ’99, ’01 MBA arrived at the UCR School of Business to complete a four-year undergraduate degree, he soon found himself in an educational environment starkly different from what he had experienced in India.

“One was expected to challenge the professor if you disagreed — put your hand up and give a counterargument. I had never experienced learning like that,” Surendra said.

Something else that caught his attention was the open-door accessibility of the faculty and campus leadership – the ability to walk into a professor’s office to have an open discussion about help needed.

It clearly left an impression. As the managing director of the 113-year-old VST Group of companies founded in India by his great-grandfather, he has cultivated an open-door culture at the heart of his company’s operations.

“It’s important for me to foster an environment where my office and I are accessible to all within the organization,” Surendra said. “I find that the team is more focused, driven, and growth- oriented when I keep my doors open. I am available for a quick chat no matter how trivial it is. And I can feel the difference that the small change on my part has made to the overall working environment at VST.”

‘People Are the Core of My Business’ (1)

It’s an impressive commitment considering the size of the company and the scope of responsibilities Surendra has recently taken on. In addition to serving as managing director of the group, in February he was appointed as chairman of the agricultural equipment manufacturing division, VST Tillers Tractors Ltd.

VST Group serves more than 5,000 customers every day, with sales of 40 billion rupees ($500 million) annually. The group employs 3,500 with a distribution network spread across 21 states in India, with over 700 sales touch points. With India’s population crossing 1.4 billion, the group is on an ambitious growth and expansion trajectory to reach into the smaller towns across the subcontinent.

One of the two largest verticals is its automotive franchises. It has 11 dealerships across South India. Half the auto vertical revenue is from the luxury segment — Mercedes-Benz, Jaguar, Land Rover, Porsche and Ducati — where the market is growing over 20% a year.

The other key vertical is the tractor division, with annual sales of 10 billion rupees ($125 million), and where Surendra sees a great deal of potential.

“There’s a lot we can do because we make the tractors and small farm equipment machinery and we market them,” he said. “I believe we also have that all-important entrepreneurial zeal and the ability to take and learn from risks. So, it’s only exciting opportunities and experiences that await us. Our recent foray into the e-tractor manufacturing with our partners is nothing short of exhilarating.”

This kind of enthusiasm is a natural fit for the entrepreneurial history of the company — but it also is important for someone who believes “enjoying your work and a passion for innovation are the key ingredients for growth.”

“People ask me, ‘Arun, what do you do?’ And I tell them, ‘I don’t sell cars. I don’t make tractors. I sell and create experiences for my customers. People are the core of my business – I value them, I nurture them, and I learn from them every day. My goal is to ensure my teams and, more importantly, my customers associate nothing but excellence and trust with VST the brand,’” he said.

He would recommend that kind of enthusiastic approach to anyone starting out in business: Find your niche and get to work to achieve it. Based on his own experience as an international student at UCR, he also recommends getting involved with activities to boost confidence and broaden horizons.

Getting involved, being a team player

‘People Are the Core of My Business’ (2)

Surendra made the most of his time at UCR, joining study groups and participating in the interactive approach to learning. He appreciated that the school provided the opportunity to learn from industry leaders, connecting the theoretical to the real world.

His experience completing his undergraduate degree in international finance convinced him to continue his studies at the A. Gary Anderson Graduate School of Management.

While working toward his MBA in entrepreneurial management, he was a founding member of the graduate school’s investment association, a precursor to the Hylander Student Investment Fund. Surendra also worked part-time for the alumni association and was involved with an international student association.

Getting involved in a wide range of activities is something Surendra recommends to students — or anyone who wants to succeed in life. When he is hiring for his own organization, he looks for life experiences and the capacity to work as part of a team.

“If I’m interviewing someone for a general manager position, I want to know how that person has contributed to their previous organization besides being a general manager. What did this person do to impact change in the working culture?” he said. “That’s how I evaluate whether or not someone is a team player.”

For Surendra, the value of a wide range of experiences extends beyond the office. He has always been active in a variety of sports, such as Formula One racing, squash, tennis, golf, running, high-altitude hiking in the Himalayas, playing soccer — including as a member of the UCR soccer team as an undergraduate.

“Sports is more than just a good stress-buster — it’s a teacher,” he said. “Sure, it can help widen your networking circle, but I also think it’s a great way to learn more about the kind of leader you want to be at work. Sport teaches you many things – tenacity, patience, precision, to name a few. And having that like-minded circle, beyond your colleagues, is also a great way to expand your knowledge.”

That perspective is similar to the lesson he learned when he first arrived at UCR.

“Growing up, I was a bit of an introvert. I wouldn’t speak up. But when I got to UCR, I was organically able to change that. I participated more in class and was vocal in my peer groups as well. So, I think it’s really a matter of taking the opportunities given to you and seriously and actively participating in them — the value add is tremendous.”

‘People Are the Core of My Business’ (2024)

FAQs

‘People Are the Core of My Business’? ›

Businesses are based on relationships, and relationships are based on people. I would go to an average restaurant run by amazing people over an outstanding restaurant run by awful people.” – Marcus Lemonis.

What is the core of your business? ›

Core purpose is not the same as vision, mission or values. It's a visceral and emotional connection to why you're doing what you're doing. The difference you're going to make to customers, your staff and the wider world. The legacy your company is going to leave.

Why people are important in your business? ›

Your employees do more than carry out your vision; they're truly the lifeblood of your organization, running every aspect of the business. Their expertise drives your processes, products and productivity. When you value your employees and their contributions, they'll reward you with loyalty and excellent work.

Why are people the most important part of a company? ›

The workforce is essential to provide goods or services that the company offers. Improving employee performance and efficiency are therefore high priorities. Skilled people with knowledge of how a company operates are difficult to find and may be even more difficult to replace.

What are core values in business? ›

Company values (also called corporate values or core values) are a set of guiding principles and fundamental beliefs that help teams work toward a common business goal. These values are often related to business relationships, customer relationships, and company growth.

What are the three core of business? ›

These three core elements of business development are 1) Customers, 2) Markets and 3) Relationships. One thing that should be active in the minds of start-ups is that the products they are rolling out or the service they want to render should be directed to specific persons. These persons are customers.

What is the core purpose of my business? ›

A business's core purpose is its North Star, guiding its mission, vision, and values. It's not just a statement; it's a driving force that propels an organisation forward, shaping its identity and culture.

Who is the most important person in business? ›

The obvious answer is “the chief executive”.

What is the most important role in a business? ›

Two of the most essential players in your business will be the CEO and COO. The CEO is typically the big-picture person who controls the company's direction, vision, and culture, whereas the COO primarily focuses on the day-to-day operations that keep your business running.

Why is it important to value people in business? ›

Employees who feel valued are more productive

It's important to value employees as much as clients because it will simply make management smoother, create a better atmosphere and will help maintain a motivated and productive workforce.

Why are people a company's most important asset? ›

All intangible assets such as patents, copyrights, intellectual property, brands, trademarks, and R&D are created by people. Therefore, people matter most to you and your business. They are the most essential contributors toward profits and shareholder value. That said, people are key assets for any organization.

What makes someone an asset to a company? ›

This means that you're reliable and consistent, have good communication skills and can complete tasks independently. Being an asset also means that you can work well with others, especially if they have different strengths or weaknesses than yours.

Are employees the backbone of a company? ›

In conclusion, employees are the backbone of a successful company. They are a valuable asset that must be invested in, nurtured, and encouraged to be the best they can be. As an HR professional, it is our responsibility to create a positive work environment that fosters employee engagement, motivation, and retention.

What are top 3 core values? ›

Many Americans' most important values are having a happy relationship, living an honest and respectable life, and practicing safety.

What are my 5 core values? ›

Five Core Values
  • INTEGRITY. Know and do what is right. Learn more.
  • RESPECT. Treating others the way you want to be treated. Learn more.
  • RESPONSIBILITY. Embrace opportunities to contribute. Learn more.
  • SPORTSMANSHIP. Bring your best to all competition. Learn more.
  • SERVANT LEADERSHIP. Serve the common good. Learn more.

What are the three values of a business? ›

There are 3 main types of business values—principles, beliefs and standards of behaviour. Principles are the concepts, such as the following, that you believe are fundamental for your business and its success. Beliefs and attitudes are views that you hold to be true and influence your actions.

What is a core business example? ›

Customer support, finance, operations, sales and marketing, and human resources are all examples of core business processes.

What is the core of doing business? ›

Core Business Definition

Your core business is defined as the products, services, customers, distribution channels, and geographic areas that yield the highest return on your investment (ROI). It is critical that systems be in place to measure the overall performance of each segment of your core business.

What is the meaning of my core business? ›

core business in British English

(kɔː ˈbɪznɪs ) noun. the business activity that is main source of a company's profits and success, usually the activity that the company was originally set up to carry out. Collins English Dictionary.

What is considered core business? ›

The core business of an organization is an idealized construct intended to express that organization's "main" or "essential" activity.

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