UNC Kenan-Flagler Blogs

Category Archives: Family Enterprise

UNC Kenan-Flagler Family Business Forum: World-Class Education for the Whole Family

by Kathryn Howlett, MBA ’14 After graduating in May from UNC Kenan-Flagler’s MBA program, I returned to work, as planned, with my family’s real estate company. I was full of eagerness and very high hopes, but a few months in, I was still struggling with some of the same issues I left behind two years earlier. But I wasn’t struggling alone, and I had a good feeling that attending the Family Business Forum with my parents would help all of us, personally and professionally. First of all, I never pass up an opportunity to come back to UNC Kenan-Flagler, but I also thought bringing my parents would make my education seem more real to them. I wanted them to experience Read More

Recap of the UNC Kenan-Flagler Family Business Forum

Sean Kennedy, UNC ’16, attended the Inaugural Family Business Forum with his father, Greg Kennedy in early September.  At the Forum, Dean Doug Shackelford presented a summary of his class on Estate and Gift Tax Planning and Steve Miller (co-founder of the FEC) unveiled his research on next generation leadership to current and former UNC and Kenan-Flagler students and their parents.  Sean shares the lessons he has learned over time and the new things he learned while attending the Forum with his dad. Three Lessons about Family Business I’ll Never Forget Sean Kennedy, UNC ’16 1.  Plan ahead to ensure success for generations, not just the next quarter At the Family Business Forum organized by UNC Kenan-Flagler Business School’s Family Read More

UNC Family Enterprise Center featured in Daily Tar Heel for Leadership in Family Business Education

The UNC Kenan-Flagler Family Enterprise Center was featured in last week’s Daily Tar Heel.  Click here to read the article: http://www.dailytarheel.com/article/2014/09/unc-family-enterprise-center-sparks-trend-in-business-education We are pleased to have served over 400 students, and look forward to developing more next generation leaders this year.

The Impact of the Family Enterprise Center from Laura Quinn, MBA ’14

by Laura Quinn, MBA ’14 Before coming to UNC Kenan-Flagler, I viewed my family business as a natural extension of my family.  It was something always present – from dinner table discussions to summers working in the office to the workers I had known my entire life.  But I had never taken a step back to reflect on the business in a deeper sense – thinking about its strategy, longevity, and future. During my two years at UNC Kenan-Flagler, the Family Enterprise Center taught me not only the importance of such reflection but more importantly they provided me the tools and the guidance to thoughtfully do so. I learned what questions to ask, and how to listen.  I learned about Read More

Family Business Alumni and Parents Join Dean Doug Shackelford’s Estate and Gift Tax Class

Last week, Dean Doug Shackelford taught his annual family business class on estate and gift taxes.  Dean Shackelford stressed the importance of planning ahead and good family communication.  Several alumni and parents joined us for this lively and informative class.  Having parents in the class added an important perspective to the student-led discussion. We are hosting three more family business guest speakers this spring.  Please join us! •    Wednesday, April 16: Chris Herschend, Vice Chairman of the Board for Herschend Family Entertainment, and Joel Manby, President & CEO,  Herschend Family Entertainment. •    Wednesday, April 23: Thiago Penido, MBA ’09, Serveng Group, Sao Paulo, Brazil -Cooper and Steve        

Steve Miller quoted in article celebrating family business milestone

Steve Miller, co-founder of the Family Enterprise Center at UNC Kenan-Flagler Business School, was quoted last week in an article celebrating the 125th anniversary of Bernhardt Furniture, a family-owned business in Lenoir, NC.  Steve spoke about the rarity of businesses being able to grow and adapt over multiple generations.  Read the article in its entirety here: Bernhardt Furniture, still locally owned, reaches milestone | The News-Topic. Congratulations to Bernhardt Furniture on 125 years!

Values-Based Leadership Transforms Company Culture of Family Business

by Nick Mellott, MBA ’15 Students in Family Business I: Introduction to Family Enterprise were recently treated to a special guest presentation and discussion with Charles Luck IV, President and C.E.O. of the Luck Companies in Richmond, Virginia (quoted here last week in The Wall Street Journal). Mr. Luck shared with the class the firm’s background and also discussed how Luck’s Values-Based Leadership program has transformed the company. The Luck Companies are comprised of four business divisions including Luck Stone (aggregate producer), Charles Luck (architectural stone), Har-Tru Sports (clay tennis courts), and Luck Development Partners (real estate). The company was founded in 1923, and Mr. Luck still works closely with his father, Charles Luck III, who serves as Chairman. Mr. Luck’s Read More

Join us in Family Business class!

Join us for our 9th year of family business courses! We invite you to join us on one of the below dates from 2:00 – 3:15 pm to hear one of our class speakers or from 12:30 – 1:45 pm for one of our Next Generation Leadership Roundtable lunches.  Please RSVP to Cooper at biersach@unc.edu. Wednesday, February 19: Succession: The Transfer of Power and Culture Change, Speaker: Charles S. Luck, IV, CEO & President, Luck Companies, Richmond, VA. Wednesday, February 26: Professionalizing the Family Firm, Speaker: Paul Leone, President and COO, The Breakers, Palm Beach, FL. Wednesday, March 5: Strategy and Sibling Partnerships, Speaker:  Stephen Shuford, MBA ’97, Executive Vice President, Shurtape, Hickory, NC. Tuesday, March 25 from 12:30-1:45:  Father Read More

Mike Griffin Shares his Story with Family Business Students at FEC Roundtable

Laura Solie Quinn, MBA ’14 and Family Business Club Co-VP, shares her impressions of a Family Enterprise Center lunch with Mike Griffin, BSBA ’87 and managing partner in Griffin Brothers Companies. As I walked to my car after the lunch, I reflected on the  fantastic group conversation with Mike Griffin.  After briefly sharing our backgrounds, Mike started the family business event by leading us through his own business journey.  He candidly spoke of the challenges and successes of Griffin Brothers Companies.  He then opened up the floor for questions.  Immediately, first and second year MBAs started sharing intimate concerns about their own family businesses. “How do you approach your dual role as son and employee?” one student asked.  “Is passion in the company Read More

Cheerwine’s Joy and Carl Ritchie Speak at First Undergraduate Family Business Club Meeting

Brother and sister duo, Joy (BSBA ’09) and Carl (BSBA ’12) Ritchie, presented at the inaugural meeting of our newly formed Undergraduate Family Business Club. They came bearing Cheerwine and a wonderful presentation that summarized the company’s colorful history as well as their exciting future.