Performance at the Limit: Business Lessons from Formula 1 (R) Motor Racing

Description

The world of Formula 1 (R) is a powerful mirror to the world of management, where high performance relies on strong leadership, clear goals, selfless teamwork, innovation through constant learning and a winning culture. Performance at the Limit: Business Lessons from Formula 1 (R) Motor Racing uses the case of Formula 1 (R) to demonstrate how business can achieve optimal performance in highly competitive and dynamic environments. This third edition has been extensively updated, including a powerful new framework, 'The Performance Pyramid', recent interviews with leading figures in the industry, and a wide range of lessons for improved business practice. It will be an invaluable guide for managers and students of business alike.

Mark Jenkins is Professor of Business Strategy at Cranfield School of Management. He has twenty-eight years' experience as a teacher, researcher and consultant in the areas of competitive strategy and innovation. He has undertaken research on the performance of Formula 1 (R) teams since 1997. Ken Pasternak has lived in six countries and worked with executives from over one hundred different cultures. Building on his management and banking experiences at Citibank and the European Bank for Reconstruction and Development, he delivers executive development seminars covering leadership, teamwork and multicultural communication. Richard West has held senior commercial roles with the McLaren, Williams and Arrows Formula 1 (R) teams and the Jaguar Sports Car team. Having raised in excess of US $165m in commercial sponsorship, today he works as an international keynote speaker and runs high performance management training programmes across a broad range of business sectors throughout the world.

'Performance at the Limit translates Formula 1 (R) team leadership into high-performance principles for use in your organization. Learn how to test your own limits from the people who do it every day.' Marshall Goldsmith, Thinkers 50 #1 Leadership Thinker in the World and author of What Got You Here Won't Get You There and Triggers 'Formula 1 (R) is the most demonstrable example where continuous improvement and excellence in teamworking are critical for success. If you are not constantly improving, then you are going backwards both on the starting grid and in business today. Metro Trains Melbourne has enormous challenges in meeting the mobility demands of a growing city. Increasing capacity whilst improving reliability requires excellent teamwork, improved processes and great leadership throughout. Performance at the Limit principles and a specific training program are at the centre of our 'Fit for Future' transformation initiative and have given us rapid and highly effective results.' Andrew Lezala, CEO, Metro Trains Melbourne PTY Ltd 'Performance at the Limit is a captivating exploration of Formula 1 (R) racing teams whose dynamics are as relevant to the business world as they are to racing. Through the lens of one of the most competitive and innovative industries in the world, readers will learn competition, culture, teams and high performance. It's a must-read for today's corporate leaders!' Bonnie Hagemann, CEO, Executive Development Associates 'Performance at the Limit not only inspires one to achieve excellence but combines exceptional case studies on Formula 1 (R) leadership, teamwork and business processes with proven management practices. This is a leadership book that articulates innovative design and system thinking needed to succeed in Formula 1 (R) where split-second decision making, exceptional teamwork and continuous performance improvement are required. While our business is operating hospitals, the management insights provided are well suited to our industry. Performance at the Limit is a must-read for managers and executives who want their company to not only reach the top, but remain there!' Brad Hollinger, Chairman and CEO, Vibra Healthcare, and shareholder in the Williams F1 Team 'Through a series of examples, graphics and principles, the authors draw from Formula 1 (R) team working principles - as well as the overall structure of the series - to lay out a kind of ideal methodology for business and corporate managers. ... it is difficult not to agree with the book's premise that just about any business or company would find the approach beneficial as it attempts to make itself into a winning 'team' as well.' Brad Spurgeon, The New York Times