This chapter focuses on individuals who embody the entrepreneurial spirit that pervades Berkshire culture. While many associate entrepreneurship with a habit of incubating businesses and moving on to the next one, Berkshire’s entrepreneurs are more inclined to focus on innovation within a business and to toil assiduously in that one domain. Among these is Albert Lee Ueltschi, a Kentucky-born entrepreneur who founded FlightSafety International Inc., the world’s premier pilot training school. Another is Richard T. Santulli, founder of NetJets, who developed a time-share concept for private planes. He began selling fractional interests in given planes to multiple owners; his company would then operate the fleet in exchange for customer service fees. His model of fractional ownership offered ease and freedom of private aviation at a fraction of the cost. The remainder of the chapter covers the following Berkshire subsidiaries: Garan Inc., Justin Industries, Acme Brick, and International Dairy Queen Inc.
Keywords: entrepreneurs, entrepreneurship, Albert Lee Ueltschi, FlightSafety International Inc, Richard T. Santulli, NetJets Berkshire Hathaway, Garan Inc, International Dairy Queen Inc, Justin Industries, Acme Brick
Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .