Performance at the Limit
Business Lessons from Formula 1 Motor Racing
2nd Edition
Published on 23. April 2009
978-1-107-29915-3 (ISBN)
Description
Can you imagine your organisation as a Ferrari or a McLaren, a Toyota or a Force India? Your management team as a pit crew? Your sales force as the race team and your marketing and research department as the design studio creating a Formula 1 car? Formula 1 has an estimated turnover of $4bn, employs 50,000 people in more than 30 countries and has a foothold in every major and developing economy. With performance as the central focus of every organization, Performance at the Limit uses the case of Formula 1 motorsport as an example of how business can achieve optimal performance in highly competitive environments where dealing with change effectively is paramount. This second edition builds on the success of the first and contains a wealth of new material, including many more interviews with Formula 1 drivers and other key executives active in the sport.
Reviews / Votes
'Having worked recently with Ron Dennis, Chairman and Chief Executive of McLaren Racing, at the Leaders in London summit, I witnessed Ron hold the thousand-strong business audience enthralled by the wafer-thin margins between success and failure in Formula 1. It was a master class in the mentality of a winner. This book brings alive some of the very points that Dennis made so well at the conference and much more beyond; with accurate insights, great anecdotes and first-class analysis. Performance at the Limit articulates perfectly the split-second gap between also-ran, good and great. It's all about leadership, preparation and amazing teamwork; without it you will simply fail to compete as those who have remained in pole position accepted long ago that 'good enough' is no longer good enough. So if you want to learn what it takes to get to the top and how to win, then this is the book for you.' Rene Carayol, Inspired Leaders Network and Cass Business School 'Formula 1 teaches us how to succeed in a challenging environment. The basic lesson is that it needs more than a skilled driver to win the race. In motorsports, change is a constant and being innovative is a necessity. To stay ahead of the competition, it is essential to have an excellent team on the track - a team showing an extraordinary performance and a passion for being the best. Performance at the Limit shows managers how these hard-won lessons can be applied to the ever-challenging world of business.' Kasper Rorsted, Chief Executive Officer, HenkelMore details
Edition
2nd Revised edition
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Edition type
Revised edition
Illustrations
11 Tables, unspecified; 16 Plates, color
File size
4,23 MB
ISBN-13
978-1-107-29915-3 (9781107299153)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Mark Jenkins | Ken Pasternak | Richard West
Performance at the Limit
Business Lessons from Formula 1 Motor Racing
Book
04/2009
2nd Edition
Cambridge University Press
€50.75
Article exhausted; check for reprint
Persons
Mark Jenkins is Professor of Business Strategy at Cranfield School of Management. He has twenty-one years' experience as a teacher and consultant in the areas of competitive strategy, knowledge management and innovation. He has undertaken research on the performance of Formula 1 teams since 1997. Ken Pasternak delivers seminars for executives and advises banks and businesses in the areas of leadership and management, organisation development and teamwork. Based in Helsinki, his activities are focused in the USA and Europe, plus the CIS and other emerging economies. Previously, he worked for Citibank and the European Bank for Reconstruction and Development. Richard West is a trained former automotive mechanic who transferred to the commercial side of Formula 1 motor racing in the early 1980s. During his career, he has worked with the McLaren, Williams and Arrows F1 teams as well as holding a Directorship of the Le Mans and Daytona 24 Hour Jaguar sports car teams. He successfully revitalised the British Touring Car Championship between 2000 and 2004 and in his career has raised in excess of 165 million dollars worth of sponsorship. Today he works as a keynote speaker and presenter for a growing range of national and international clients and has co-authored two books on the business of Formula 1 as well as co-presenting the BBC World TV series 'Formula for Success'. He is also frequently called upon as a facilitator and mediator at high level conferences.
Content
List of figures; List of tables; Acknowledgements; Note on the reference system; The Grand Prix experience; 1. Introduction; 2. Why Formula 1 motor racing?; 3. The performance framework; 4. The war for talent: the people in Formula 1; 5. Winning through teamwork; 6. Capability through partnerships; 7. The high performance organisation; 8. Integrating: effective leadership brings it all together; 9. Innovating: the drive for continual change; 10. Transforming: breaking out of the old ways; 11. Achieving and sustaining performance; 12. Twelve business lessons from Formula 1 motor racing; Appendix A. Grand Prix champions 1950-2007; Appendix B. Grand Prix graveyard 1950-2008; Appendix C. Interview respondents; References; Index; Colour plates 1-8 between pages; Colour plates 9-16 between pages.
