Brief

Books

The machine that changed the world | Womack et.al.


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By the end of the 1940s, the Japanese Ohno had purchased a number of used presses from the United States and began experimenting with the equipment. The Japanese eventually developed a way to increase productivity while delivering better quality through “Lean production” (combining the advantages of craftsmanship from P&L, and mass production from Ford, while avoiding the disadvantages). Lean producers use teams of multi-skilled workers at all levels of the organization as well as flexible and automated machines. Lean producers strive for perfection: constantly reduced costs, zero deficits, zero inventories and an endless product range.

Read the full “Brief” here.

Books

Getting to Yes | Fisher & Ury


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Charlie Munger has recommended the book Getting to Yes when it comes to effective negotiation. When a negotiation is static in regards to what parties will accept, the one who plays hard wins over the one who plays softly. The authors propose to change the game and use a method they call “principled negotiation on the merits”; (1) separate the person from the problem, (2) focus on interest, not position, (3) invent multiple options by looking for win-win and (4) insist that the outcome be based on an objective standard.

A “Brief” on the book can be read here

Books

The first billion is the hardest | T. Boone Pickens


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T. Boone Pickens was an American oil magnate and financier who made a career in oil exploration in the 1950s and 1960s and became an (in)famous corporate raider in the 1980s. Picken’s fortune in 2019 amounted to $1.4 billion and he gave away almost as much during his life. The book was published in 2008 and is primarily a biography but also consists of a plethora of “Booneisms” that convey Picken’s life lessons. In September 2019, Pickens died at the age of 91.

A Brief can be read here.

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Books

Deep work | Cal Newport


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Cal Newport is the 36-year-old [2020] Georgetown professor who has written five bestsellers, a dozen academic articles while having two children and running a popular blog. He calls the secret behind productivity “Deep Work”. Newport believes that it takes two basic skills to succeed in today’s knowledge economy: (1) to be able to quickly learn to master advanced things and (2) to be able to perform at a high level, both in terms of quality and time.

A Brief can be read here.

Books

Words that work | Frank Luntz


Frank Luntz is a political strategist and researcher in language and linguistics. He is best known for working with communications within the American Republican Party. Luntz believes that a politician who are weak things in the first 60 seconds will have to fight for the next 60 minutes to recover. In the book, he shares ten rules for effective communication.

A “Brief” of the book can be read here.

Books

Give and Take | Adam Grant


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Adam Grant received his bachelor’s degree from Harvard University and later became the youngest Professor at Wharton Business School. Grant has studied humans based on a framework of three categories: Givers, Takers and Matchers. In short, Givers helps even when the benefits to others outweigh their personal cost. Matchers want to achieve an even balance between giving and receiving. Takers help only when their benefits outweigh their personal costs.

A ”Brief” of the book can be read here.