One of the great CEOs in the aerospace industry was Norman Augustine, who helmed Martin Marietta and later Lockheed after the companies merged to form the current Lockheed Martin in 1995. But beyond heading a major defense and space company, he's perhaps best known for his set of 52 laws regarding the nature of work and business in the aerospace industry, which he learned, accumulated and recorded in his great opus "Augustine's Laws
Source: Augustine's LawsGeneral Wisdom
Law Number II: If today were half as good as tomorrow is supposed to be, it would probably be twice as good as yesterday was.
Law Number IV: If you can afford to advertise, you don't need to.
Law Number X: Bulls do not win bullfights; people do. People do not win people fights; lawyers do.
Law Number XI: If the Earth could be made to rotate twice as fast, managers would get twice as much done. If the Earth could be made to rotate twenty times as fast, everyone else would get twice as much done since all the managers would fly off.
Law Number XII: It costs a lot to build bad products.
Law Number XIII: There are many highly successful businesses in the United States. There are also many highly paid executives. The policy is not to intermingle the two.
Law Number XXI: It's easy to get a loan unless you need it.
Law Number XXII: If stock market experts were so expert, they would be buying stock, not selling advice.
Law Number XXXVII: Ninety percent of the time things will turn out worse than you expect. The other 10 percent of the time you had no right to expect so much.
Law Number XXXVIII: The early bird gets the worm. The early worm....gets eaten.
Products
Law Number XVII: Software is like entropy. It is difficult to grasp, weighs nothing, and obeys the Second Law of Thermodynamics; i.e., it always increases.
Law Number XIX: Although most products will soon be too costly to purchase, there will be a thriving market in the sale of books on how to fix them.
Government
Law Number XX: In any given year, Congress will appropriate the amount of funding approved the prior year plus three-fourths of whatever change the administration requests, minus 4-percent tax.
Law Number LI: By the time of the United States Tricentennial, there will be more government workers than there are workers.
Project Management
Law Number V: One-tenth of the participants produce over one-third of the output. Increasing the number of participants merely reduces the average output.
Law Number XV: The last 10 percent of performance generates one-third of the cost and two-thirds of the problems.
Law Number XXIII: Any task can be completed in only one-third more time than is currently estimated.
Law Number XXIV: The only thing more costly than stretching the schedule of an established project is accelerating it, which is itself the most costly action known to man.
Law Number XXV: A revised schedule is to business what a new season is to an athlete or a new canvas to an artist.
Law Number XXVI: If a sufficient number of management layers are superimposed on each other, it can be assured that disaster is not left to chance.
Law Number XXXI: The optimum committee has no members.
Law Number XXXVI: The thickness of the proposal required to win a multimillion dollar contract is about one millimeter per million dollars. If all the proposals conforming to this standard were piled on top of each other at the bottom of the Grand Canyon, it would probably be a good idea.
Law Number XL: Most projects start out slowly, and then sort of taper off.
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