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(More customer reviews)This book is a refreshing collection of straightforward thoughts and observations about business and leadership from one of the most seasoned, creative, colorful, and highly successful executives of our time-Robert A. Lutz, Chairman of General Motors North America. This revised and updated book contains the blunt, honest wisdom of an authentic maverick leader in the form of his laws of business that have stood the test of time over his thirty years in the car industry, and his rise to the top of Ford, General Motors, and Chrysler.
Organized into three parts, the book opens with the story of Chrysler's second turnaround in the early 1990s. Lutz was part of the executive team that conceived and brought to life one of the most famous and successful muscle cars of all-time: the Viper. Part Two is an in-depth review and validation of Lutz's eight immutable laws of business. The final part is Lutz's corollaries to his laws, or, as he calls them, "The Rest of the Story!"
A former Marine with an ongoing, life-long love affair with the Marine Corps and its leadership practices, Lutz presented many business and leadership concepts and personal anecdotes that reflected and blended his business and Marine Corps backgrounds. From his beliefs about the need for attention to detail and critical performance evaluations, to his emphasis on holistic, empowered, cross-functional teams and the value of a culture that nurtures middle-management dissent of conventional wisdom in open forums, Lutz's insights and experiences were both entertaining and informative.
If the following lists of Lutz's business laws and corollaries even sound remotely appealing to you, read this book - you will not be disappointed.
Lutz's Immutable Laws of Business:
LAW #1: The Customer Isn't Always Right
LAW #2: The Primary Purpose of Business Is Not to Make Money
LAW #3: When Everybody Else Is Doing It, Don't!
LAW #4: Too Much Quality Can Ruin You
LAW #5: Financial Controls Are Bad!
LAW #6: Disruptive People Are an Asset
LAW #7: Teamwork Isn't Always Good
LAW #8: When You Inherit a Really Big Rat's Nest, Don't Try to Lure Them Out With Food. Use a Flamethrower
Lutz's Corollaries
*It's Okay to Be Anal Sometimes
*A Little Fear, in Reality, Ain't All That Bad
*Leadership Is All About Common Sense, Which, Unfortunately, Is Not All That Common
*Some Squeaky Wheels Don't Get the Grease, or Pros and Cons of Being a Change Agent
Click Here to see more reviews about: Guts: 8 Laws of Business from One of the Most Innovative Business Leaders of Our Time
"Read it for no other reason than to learn Bob's Seven Immutable Laws of Business. . . . This is vintage Bob-contrarian, thoughtful, and he's really fun to read."—Forbes
In this edition of Bob Lutz's bestselling account of the business philosophy with which he revolutionized Chrysler and much of the automotive industry, Lutz reveals his unique brand of creative management. Readers will learn many lessons herein, including why the key to success in any business is maintaining a positive tension between the creative minds and the buttoned-up financial minds, and how to attract, motivate, and strategically deploy each type throughout an organization. This book features a new introduction and an epilogue in which Lutz introduces an eighth law that helps today's business leaders put his famed Seven Immutable Laws of Business into sharper perspective.
Robert A. Lutz (Scarsdale, NY) is General Motor's Vice Chairman of Product Development and Chairman of GM North America.
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