Entrepreneurship is about vision and passion. New ideas that change industries. In 1967, Herb Kelleher founded Southwest Airlines. Prior to this, flying was a luxury and only those that were wealthy or traveling for business used airplanes. With the start of Southwest Airlines, the industry changed. Southwest Airlines decided to compete with cars and trains instead of other airlines. By cutting out all the extra expenses such as food, flying was made affordable for everyone. And today, Southwest Airlines is still one of the most profitable airlines. Herb’s entrepreneurial vision and smarts are reflected in the Center, both in name and spirit.
The Herb Kelleher Center for Entrepreneurship Growth and Renewal is not just about new ventures, it’s also about teaching, learning and researching entrepreneurship and business enterprise. The entrepreneurial research done at McCombs, by both McCombs faculty and faculty around the university enables companies in Texas and the nation to improve their course of action, advance company growth with more effective preparation and initiate renewal in mature companies that would otherwise languish.