Skip to main content Accessibility help
×
Hostname: page-component-76fb5796d-25wd4 Total loading time: 0 Render date: 2024-04-26T21:12:02.770Z Has data issue: false hasContentIssue false

3 - The performance framework

Published online by Cambridge University Press:  05 August 2013

Mark Jenkins
Affiliation:
Cranfield University, UK
Ken Pasternak
Affiliation:
Inter Associates Ltd, Helsinki
Richard West
Affiliation:
Richard West Associates
Get access

Summary

A Formula 1 team is a highly complex system. It combines many different resources such as human capital, technology, marketing and finance to achieve a performance outcome, hopefully superior to those of its competitors. It is a critical balance between maximising the potential of individual areas and optimising the overall performance to ensure that the integrated effect exceeds the sum of the parts. For many watching the Formula 1 spectacle it is all down to the skill of the driver. In our study we conclude that the driver is an important ingredient, both from the point of view of driving skill and also in influencing the motivation and dynamics of the team. But a driver can never succeed without the support of the organisation and its technology behind him. One only needs to look at situations where the winners of the Formula 1 World Drivers’ Championship have moved to other teams following their point of success to illustrate this effect. An example of this is provided in Figure 5.

In 1995, 1996 and 1997 three different drivers won the Drivers’ World Championship. Each of these drivers moved to a new team shortly following their Championship success and the subsequent fortunes of each were very different. In 1996 Damon Hill won the Drivers’ World Championship but left Williams to join Arrows in 1997, and then in 1998 moved to Jordan, eventually retiring at the end of 1999. Also driving for Williams, Jacques Villeneuve won the title in 1997; he stayed with the team during 1998, but then left to help set up the new British American Racing team (BAR) of which his manager, Craig Pollock, was Managing Director and a major shareholder. However, he was unable to repeat his earlier success and left BAR, retiring from Formula 1 at the end of 2003.

Type
Chapter
Information
Performance at the Limit
Business Lessons from Formula 1 Motor Racing
, pp. 29 - 38
Publisher: Cambridge University Press
Print publication year: 2009

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×