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Michael Harney Discusses Structure of Harney & Sons As A Family Business

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Total Case Duration :

  • Date Added : 9/17/2009
  • Clip Duration : 0 min. 50 sec.

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Michael Harney

  • VP, Harney & Sons Fine Teas
  • male
  • Caucasian
  • 1955 (Age: 66 years old)
  • Michael Harney - Lecture - Harney & Sons Teas
  • Video 1 of 11 in this Case
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Biography

Michael Harney has served for 22 years as vice president of products for Harney & Sons Teas, the company started and still run by his father, John.

Harney spends much of his time in Asia, seeking out the exquisite blends that have made Harney teas among the most celebrated in the world. He also oversees the company's financial operations. More recently, Harney has led the firm's move into the consumer market, highlighted by an engaging and interactive web presence. He has also spearheaded the firm's export business, which now produces 10 percent of sales.

Earlier, Harney was general manager of the Richmont Hotel in Chicago.

Michael Harney received his B.S. degree from the Cornell School of Hotel Administration and his Master's in Management degree from the Kellogg School of Management at Northwestern University.

People talk about is exit strategies in the entrepreneurial world and the joy of being a family business is that there is no real need to do an exit strategy unless you - there's something else that happens, so we really don't have one. We didn't start the business. We're not like I bought this th...(Full transcript available to logged in subscribers.).

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Michael Harney videos

Video 1 of 11 Michael Harney Discuses Professional Background and Decision To Join Family Businesses
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 3 min. 16 sec.
Video 2 of 11 Michael Harney Discusses Early Growth Of Tea Business
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 2 min. 15 sec.
Video 3 of 11 Michael Harney Explains Nature Of Family Business And Roles Of Each Member
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 1 min. 39 sec.
Video 4 of 11 Michael Harney Discusses Dynamics Of Being In A Business With Family Members
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 3 min. 31 sec.
Video 5 of 11 Michael Harney Discusses Structure of Harney & Sons As A Family Business
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 0 min. 50 sec.
Video 6 of 11 Michael Harney Shares Personal Stories For Keeping Both Entrepreneur And Business Fresh After Decades
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 3 min. 49 sec.
Video 7 of 11 Michael Harney Discusses Challenges Of Self-funded Businesses And Web Strategies
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 1 min. 30 sec.
Video 8 of 11 Michael Harney Discusses Challenges In Differentiating Harney Teas From The Rest Of The Tea Market
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 1 min. 57 sec.
Video 9 of 11 Michael Harney Outlines World Tea Market And Background In Wines
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 2 min. 46 sec.
Video 10 of 11 Michael Harney Discusses Funding The Company And Dealing With Banks
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 1 min. 27 sec.
Video 11 of 11 Michael Harney Explains Decision To Integrate Vertically
  • Michael Harney - Lecture - Harney & Sons Teas
  • 9/15/2009
  • Michael Harney
  • 1 min. 16 sec.

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