Formula One racing is used as an analogy for running a successful business team. Key strategies for both include using data analysis to improve performance, providing training to develop skills, recognizing the importance of all team members, clearly defining roles and expectations, and finding new opportunities. The document discusses these five strategies and how they can be applied to both Formula One racing teams and business management.

1. Driving our Team to
Pole Position

2. • Formula One, Formula 1, and F1 is
the highest class of single-seat auto
racing that is sanctioned by the
Fédération Internationale de
l'Automobile (FIA).
• And it is a hugely successful
multinational business employing
thousands of people around the world.
Driving our Team to Pole Position
Introduction

3. • The "formula",
designated in the name,
refers to a set of rules
with which all
participants' cars must
comply.
Driving our Team to Pole Position
Important

4. • Formula One is a microcosm of
global businesses, and to be
successful in it requires:
– Strong skills, leadership, vision,
communication.
– The ability to design manufacture,
develop and bring to market a constantly
improving high-technology products.
– The skill to work to immovable deadlines
with hundred of suppliers and demanding
customers in a 20 event schedule around
the world.
Driving our Team to Pole Position
Formula One – Main Features

5. Driving our Team to Pole Position
05 Main Strategies
Formula One Our Team

6. Driving our Team to Pole Position
01 – Using data analysis to improve performance
Formula One
They always use highly
sophisticated equipments to gather
data from their race driver and car
aiming to improve their
performance and results.
Our Team
We must analyse our team
performance under smart
management tools to find out
vulnerable spots and develop new
strategies to improve results.

7. Driving our Team to Pole Position
02 – Getting the driver skills up
Formula One
They provide the best training and
all the necessary support for their
race drivers, helping them to
improve their technical skills and
psychological profile.
Our Team
Offering employee training is a
great opportunity to get them
prepared to face the always
changing and competitive
marketplace

8. Driving our Team to Pole Position
03 – Being aware of the importance of the crew
Formula One
A racing team manager knows
really well that each of his team
member performs a vital role in the
success of the race team during a
F1 season.
Our Team
A manager should be aware
recognising that all of his
subordinates are important and
necessary to achieve the company
goals.

9. Driving our Team to Pole Position
04 – Getting the most of our crew
Formula One
A racing team manager gets the
most of his team when he is clear
about their responsibilities and
rules.
Our Team
It is important that a team is well
informed about their roles and
company expectations to avoid any
misunderstanding or misguidance.

10. Driving our Team to Pole Position
05 – Making sure the race is worth
Formula One
Taking part in the Formula 1
involves much more then racing. It
involves the development of new
technology and safety equipments
that means business for the car
industry.
Our Team
A manager should help his team to
find out new business opportunities
through brainstorming and
bechmarking, helping out the
company to increase its financial
resources and profit.

11. • Websites:
• http://www.nytimes.com/2014/11/29/sports/a
utoracing/grand-prix-strategies-for-the-real-
world.html?_r=0
• http://www.formula1forbusiness.com/
• http://www.formula1.com/inside_f1/understa
nding_f1_racing/5290.html
• http://www.inc.com/peter-economy/7-ways-
to-put-your-people-first.html?cid=readmore
Driving our Team to Pole Position
Our main sources – Thank you

12. Feel free to send us an e-mail.
Our Website:
www.licoreis.com
Our E-mail:
licoreis@licoreis.com
licoreis@licoreis.com.br
Linkedin:
Roberto de Paula Lico Júnior
Skype:
roberto.lico
Driving our Team to Pole Position
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