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Pizza
to Dough with élan!
Meet one of Michigan's stylish entrepreneurs
Harshavardhan V. Agadi
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Anupama Gopalakrishnan
caught up with Harsha recently, as he shared some particular insights for 'modern' entrepreneurs, as well as the wisdom of his own personal experience
in successfully moving up the corporate ladder in America. |
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It
was the end of the week and I was tired of breathing business
24/7, when my meeting with an enterprising entrepreneur changed
the way I looked at ‘Desi’ corporate life. A quiet, unassuming
and intelligent Harsha recounted his childhood, which in its own
way was unique but typical immigrant story. Harsha completed his
high school education in an ICSE medium from Arya Vidya Mandir,
Mumbai which according to him was “a rare Hindu oriented school
in a sense that it taught a student to perform the homam*, had
them recite the Vedas and speak Sanskrit.” Harsha casually
remarked that Arya Vidya Mandir was also the home of
internationally renowned ex Miss World Aishwarya Rai.
(*Homam is a ritual conducted with an altar of fire as a part of worship,
or any special occasion. The
goal of all homams is the prosperity of the people at large by
energizing and protecting the environment).
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To most of us, a student life is usually protected and
sheltered but Harsha’s harsh encounters with real life
began while in school as he was taught various subjects -
starting with weeks of environmental studies, community
service, observing the workforce at the Air Traffic Control
at Bombay Airport and being part of the Esso Gas Station
workforce.
Harsha fondly recounts that this excellent mix, or rather this
unique blend of Indian tradition and western education has
provided him tremendous amount of confidence and knowledge
to carry on conversations ranging from Indian architecture,
temples, historically significant events to business
enterprises, Indian work models et al.
Talking highly of the esteemed Duke of Edinburgh award during his
school days, Harsha stated, “it was all about trying
something new, choosing, planning and achieving personal
goals using existing skills”. The award scheme made him
much tougher as he tried to work on environmental projects
went on expeditions where he hiked for 80 kms in rural India
without food and also worked in a team on conservation.
Harsha took up the challenge and won the gold award.
According to him, winning this award made him a well-rounded
personality with key emphasis on “teamwork and
leadership”, which he thinks are the necessary ingredients
for a successful entrepreneur. “Participating in such
programs raised awareness about what my limitations are.
Growing up in a city, one is conditioned to urban
softness”, he explained.
Though Harsha excelled in physical fitness programs, sports and public
speaking, he never stood first in class nor did he raise his hand
in classroom discussions. He mentioned that the best education a
person can receive is what we learn from the street (or from what
others have learned from the streets), as you get to build a
stronger personality, a stronger background and stronger
intelligence”.
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Harshavardhan V. Agadi
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Chairman - GHS Holdings, L.L.C
Industrial Partner -
Ripplewood Holdings, LLC
- Crescent Capital, Inc
President & CEO - Church's Chicken Worldwide, Inc
Former Positions:
President & COO- Little Caesar Enterprises, Inc.
Sr. Vice President
- Worldwide ForEx Services, AMEX
VP Field Operations - Domino's Pizza, Inc.
Also Held Key Positions:
PepsiCo Inc.
Kraft General Foods |
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Harshavardhan
Agadi graduated from Sydenham College of Commerce, Mumbai - The
first and one of the finest commerce colleges in India and
completed his Masters in Business Administration majoring in
Finance from Duke University, North Carolina. The friendly sparkle
in his eyes paved way to the fact that he still keeps in touch
with all the 19 high school graduates (from 1978), who are at
present across the globe.
Indians
who have entered United States have always packed their bags with
aspiration to achieve and make it big. Every second Indian in this
country has thought about business, about entrepreneurship.
Harsha’s perspective is slightly different. He thoughtfully
exclaimed, “Indians are academically brilliant and technically
accurate. But Corporate America cannot survive with just
brilliance and accuracy. For an entrepreneur to be successful and
visible, ‘style’ is of prime importance. Style and content are
like two sides of the same coin.”
Indians
typically score in content and are brilliant engineers and
brilliant computer experts. But are these individuals directly
responsible for sales and profits – do they have a say in the
business? How else can they find true success? Harsha retorted
“engineers typically assume that getting an evening MBA can
change things for them. But in order for you to get to the #1
slot, you have to be ready to get fired”. Indians are naturally
perceived to be intelligent. “Generally speaking, we are not
risk takers. We need to know, how to influence and to lead – the
Dale Carnegie way. Ultimately, it all comes down to managing
people and building relationships”, he elaborated.
After
graduating from Duke University in 1987, Harsha joined Kraft Foods
as a Sr. Financial Analyst. In a span of three years, Harsha has
held several positions as Project Manager, Manager-Financial
Planning and Development, Director of Finance, National Director
of Finance and Senior Director of Strategic Planning for PepsiCo,
prior to moving as Head- Field Operations, Domino’s Intl where
he got control of 1800 stores in 55 countries. He also
worked with American Express in New York City where he headed the
Foreign Exchange services worldwide.
After
his tenure with Domino’s, Harsha became the President/COO of
Little Caesar Enterprises Inc. responsible for restructuring and
turning the company around. For the past 12 years, the magnetic
entrepreneur was on his feet controlling and running stores while
simultaneously gaining knowledge on how to manage money and how to
look at the future. Domino’s was one of his most valuable and
significant contributions to the food industry.
When
questioned about the relative importance of academic education as
opposed to experiential learning, Harsha mentioned how academic
education was required to a certain extent. “Real experiential
learning does not involve step by step planning but it is more
gifted after one gains control to direct the learning to areas of
personal interests, desires and goals.” In other words, he
expressed the equal importance of both though he thought that
experiential learning has more long-term depth.
Harsha
found that emerging entrepreneurs need a "safe place" to
test their ideas, find out what works and what doesn't, and
develop a belief in themselves and their ideas. He emphatically
stated that there are several attributes that make a successful
entrepreneur: “Ability to flow with changes, focus on what the
market wants or what the market will want based on hard data or
intuition, hard work, focus on task and the willingness to listen
to outside influences.” He believed that titles are great but
means nothing when the job needs to get done. “I always select
four employees to interact with and get views on how to run the
business. A successful entrepreneur will always have his ear to
the ground with an open style management where employees are
treated as stakeholders. Suggestions and good ideas can come from
anywhere”, he stressed.
At
Church’s – Harsha reduced the overhead and created a success
formula. He explained how crucial employee suggestions were and
commended his employees for providing valuable feedback that
“saved the company a lot of money”. He pointed that one
“should take such comments very seriously. When people see a
product, they also see an issue with the product - they have
ideas. My company uses those ideas as talent. You don’t need a
big advertising firm to sell your product.“
What
is Harsha’s advice for all the young entrepreneurs waiting for
that one big opportunity? Harsha’s calm face translated into
excitement - “get a great coach that has experience in your
industry, then get a great coach that has no experience in your
industry, and listen to them both”. He succinctly puts forth
three valuable relationships that have made him successful: |
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Encouraging parents – “who knew my weakness and made it strong”.
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Intelligent
wife – “who married me 16 years ago. She is value conscious and I am brand conscious. It is very important to find a smart partner who maintains and understands your nature and your work and strikes the right
balance”.
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Incredible bosses throughout my career –
Harsha explained, “there are lots of entrepreneurs who have all worked hard but haven’t climbed the corporate rank though they are academically qualified. It’s not about what company you are working for, but “whom” you are working for that becomes crucial in your career”.
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“The
best experience in my life was working with Steve Reinemund,
Chairman of PepsiCo Inc., Mark Werner, Treasurer of Phillip Morris
Inc., and Tom Monaghan – Founder of Domino’s. With this
experience came the exposure about the way entrepreneurs think,
act and decide”, he said.
Harsha
opined that young aspiring entrepreneurs should have the
marketing and sales experience in their respective industry – or
get a partner who does. “Pick your partner based on the
experience, values and complementary skills – not based on
friendship or money”.
The
visibly thrilled Harsha considered himself a living example of
average academic records that could still be successful with good
bosses. “You don’t need to stand first or get a first class to
run US companies. Second class students can make it big. However,
parents need to mold the kids after school”, he said.His chief hurdles
were mostly as a student when he considered every exam as a
nightmare. He found some children being naturally adept in Math,
Science, Art or History. He said, “I struggled hard but I
couldn’t really make a mark beyond a second class”.
Harsha
was 34 years when he became the president of Little Caesars Inc.
For four years in Caesars, he saw the opportunity to be an
entrepreneur. He always believed that “Indian analysts are the
most disciplined and the best in the world”. “Indian
intelligence”, according to him is the best brand that can be
marketed in the corporate world. At 38 years, he founded GHS
Holdings – a company that offers an array of client services
that include Financial and Tax Planning, Mortgage Processing,
Accounting services, Consultancy Practices for small, medium and
large companies. The company does complex modeling and his
resources provide advice on large acquisitions-complicated returns
and partnerships. “Through GHS Holdings, we have partnered with
Crescent Capital, Inc.– controlling 1,700 stores”, he said.
A
confident Harsha has nothing to complain about. Church’s
Chicken that sells spicy products has 35,000 employees, 5,000 on
direct payroll and 30,000 as employees of franchisees. The company
is also the # 1 seller of Jalapeño Peppers in the world. As
Domino’s made its presence in India, Church’s Chicken will be
launched in India very soon.
Speaking
about the success ratio of IT professionals in corporate America,
Harsha clarified that the entire IT industry from an Indian
perspective looks very low-risk and conservative that it becomes
difficult for senior IT consultants to compete with senior
executives in the same company. “This is where the public
speaking skills become significant as networking and communication
become the essential factors,” he stressed.
On
the importance of networking and the art of building contacts,
without batting an eyelid, Harsha quipped that “networking and
building contacts are absolutely crucial whether entrepreneurial
or not. Success depends on whom you know and how easily you can
access your network when the need arises. You cannot wait until
you need something to build your network, yet until you need
something, your network seems relatively unimportant. I guess it's
just about discipline”, he wisely mentioned.
He
was of the view that when an individual is exposed to leadership
positions, there is a balance between business and technical
accuracy. Harsha is motivated and inspired by Chennai born Indira
Nooyi, President and Chief Financial Officer of PepsiCo Intl. who
is also the highest-ranking Indian born woman in corporate
America. He calls Indira the 21st century Indian phenomena whose
theory “be yourself” has become the corporate mantra for
success.
Harsha
who is a tireless channel of business information was among the
first Indian entrepreneurs in Michigan to step forward when
Tsunami hit the areas in Indonesia, India and Sri Lanka. Harsha
expressed that his intentions are always good – but his wife was
responsible for turning them into real actions. “For Tsunami-
the President himself was sitting at the White House trying to
make a difference. What amazed me was that a short email sent out
to employees of all 100 stores of Church’s Chicken brought out
$75k aid for Indonesia. Church’s matched dollar for dollar. I
used the same concept with GHS to help raise money for India as
well”, he mentioned.
According
to Geetha Agadi (Harsha’s enterprising wife), “Harsha has
always been there for us. He has always put work aside for the
family. He is just black and white. It could be his weakness too.
But what I like about him is his direct approach to solving things
in corporate life”.
As
a balanced CEO, Harsha has traveled a lot that he has accumulated
6 - 7 million air miles. “It’s a huge test on the spouse and
on family”, he maintained.
He believed that weekend family time was very precious.
Surprisingly, the effervescent CEO does not carry his cell phone
into his house during the weekends unless it is absolutely
necessary. In this age of technology where every business
man/entrepreneur cannot live without a computer, Harsha does not
use email for communication. He remarked that it “takes away the
personal feeling. If I need to talk to someone, be it at home or
family, I would rather walk to that person and express what I
feel. Emails pave way for misunderstanding”,
Questioned
about the growing phase of the Michigan Indian community, he
pointed out that the one significant factor that has grown over a
period of time is – “that of people (non-Indians) recognizing
our culture and accepting it so openly which includes eating
Indian food and accepting an Indian without any hesitation”.
He further added that, today,
Indian kids are quite Indian. I personally think that Indian
doctors need to give more back to India. Education is highly
subsidized in India.
His
school principal – Late Shobha Shirodhkar – Arya Vidya Mandir
remains his inspiration for having challenged him repeatedly. His
favorite CEO is none other than Steve Reinemund of PepsiCo who
according to Harsha “despite running a very
large organization, returns calls within a day. He puts out the
garbage like anybody else. Steve has been a constant in the
business world and has also been in the cover of Fortune”.
Born
in Karnataka, Harsha was raised in Mumbai. He loves watching old
movies from the 1950’s. He loves watching Bollywood movies, and
is quite up to date. He listens to a wide range of ghazals and is
also a linguist. He has traveled to over 35 countries and has
launched American brands in all continents.
”Speed has always been my motto in life”. According to
Harshavardhan Agadi, “there is nothing wrong in making quick and
fast decisions in life" because according to him, "if you make a
mistake - you can come
back and catch up fast. Intelligence does not guarantee
success”. Blend style and presentation with your content
and you will see a difference. These are Harsha’s words of
wisdom for the new and growing fleet of entrepreneurs.
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As Tsunami struck the coastal areas of Tamil Nadu, Sri Lanka and Indonesia, Harshavardhan Agadi worked quietly behind the scenes and raised over
$ 80,000 for the tsunami victims. A true inspirational Michigan Indian, Harshavardhan Agadi lives with his wife Geetha and seven year old son Samir at Novi, Michigan.
If you would like to recommend a truly inspiring individual of Asian Indian origin living in Michigan, please email
anupama@miindia.com |
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