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In White Collars and Tools, Braun shows why investing in the best tools and workspaces for knowledge workers pays handsome dividends. He includes hard numbers for his own company, including detailed calculations. In the most powerful and relevant example, he shows an extraordinary return on investment from moving draftspersons from an open office “bullpen” into private offices.
Carl F. Braun was the founder of C. F. Braun & Co., a highly successful engineering firm in the early 20th century. Charlie Munger, the Vice Chairman of Warren Buffett’s Berkshire Hathaway, is a big fan of the author. Munger described him as a “very great businessman named Carl Braun who created the C.F. Braun Engineering Company. It designed and built oil refineries—which is very hard to do. And Braun would get them to come in on time and not blow up and have efficiencies and so forth. This is a major art.
“He took a look at standard accounting and the way it was applied to building oil refineries and he said, ‘This is asinine.’ So he threw all of his accountants out and he took his engineers and said, ‘Now, we’ll devise our own system of accounting to handle this process.’ And in due time, accounting adopted a lot of Carl Braun’s notions. So he was a formidably willful and talented man who demonstrated both the importance of accounting and the importance of knowing its limitations.”
The editor has updated the language to fit with modern, inclusive business culture, and added an epilogue with a perspective from 70 years after the book was first written.
ASIN : B08CKXH5BB
Publication date : July 7, 2020
Language : English
File size : 286 KB
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 20 pages
