As I understand it, this differs somewhat from other Protestant denominations; but, then again, Lutherans don't consider themselves Protestant any more than they consider themselves Roman Catholic.
The orientation to the “Church Catholic” is, no doubt, a tremendous asset of Lutheranism.
What happens if an issue comes up that is not in the Book of Concord and not expressly stated in the Scripture?
For example, did anyone a short century ago foresee the gay “marriage”?
Is contraception treated in any way? I know that prior to 1930 every Christian community of faith considered contraception sinful. Now none in the Protestant (using the term loosely) world does.