Howard Hughes remains one of the great entrepreneurs of the twentieth century. His business acumen and influence extends far beyond the American aviation Industry, which he is famously known for developing. Among the wealthiest Americans while he was alive, his business ventures included airlines, film production, real estate, tooling and even hospitality. The keys to his success were his keen ability to seek and exploit business opportunities, interest in hiring top talent as well as his competitive yet shrewd leadership style. Although his eccentric personality overshadowed his great business successes, especially later in his life, Hughes’s status as one of the country’s most famous tycoons remains a source of study and admiration for many.
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President of the Miami Marlins, David Samson, participated in an event with a local elementary school in Florida (Hands On Helping At ,2015). Hughes’ as the president of many successful corporations recognized the need to make monetary donations as investments that were intended to increase his corporate brand, as well as for the benefit of recipients of the cause. Thus, he commandeered corporate social responsibility when he founded The Howard Hughes Medical Institute, Chevy Chase, Maryland in 1953 (hhmi.org). Today, it is still one of the largest private funding organizations for medical research in the …show more content…
However the aviation industry was stuck in 1930s technology with aircraft purposefully designed for the military and prior to that to airmail deliveries in the 1920s. Howard Hughes recognized the need for streamlining commercial aviation transportation and determined that Trans World Airlines (TWA) should be part of this revolution. He became a principal stockholder of TWA in 1939. It should be noted that at the time American, United and Eastern Airlines dominated the early years of U.S. airline industry together with the Douglas Aircraft Company as a leading manufacturer. Douglas Aircraft suffered cutbacks at the end of the war, with an end to government aircraft orders and a surplus of aircraft. It was necessary for the manufacturer to cut heavily into its workforce, letting go nearly 100,000
President of the Miami Marlins, David Samson, participated in an event with a local elementary school in Florida (Hands On Helping At ,2015). Hughes’ as the president of many successful corporations recognized the need to make monetary donations as investments that were intended to increase his corporate brand, as well as for the benefit of recipients of the cause. Thus, he commandeered corporate social responsibility when he founded The Howard Hughes Medical Institute, Chevy Chase, Maryland in 1953 (hhmi.org). Today, it is still one of the largest private funding organizations for medical research in the …show more content…
However the aviation industry was stuck in 1930s technology with aircraft purposefully designed for the military and prior to that to airmail deliveries in the 1920s. Howard Hughes recognized the need for streamlining commercial aviation transportation and determined that Trans World Airlines (TWA) should be part of this revolution. He became a principal stockholder of TWA in 1939. It should be noted that at the time American, United and Eastern Airlines dominated the early years of U.S. airline industry together with the Douglas Aircraft Company as a leading manufacturer. Douglas Aircraft suffered cutbacks at the end of the war, with an end to government aircraft orders and a surplus of aircraft. It was necessary for the manufacturer to cut heavily into its workforce, letting go nearly 100,000