The race to Precision Performance
Getting the best out of your organisation
Formula One auto racing is often recognised for its high performing teams. Teams that design and build high speed cars with breathtaking precision, make critical decisions under intense pressure and work with pinpoint accuracy at the pit stops to deliver record breaking performances on the race track.
In this paper, we explore how F1 teams achieve this unprecedented level of performance – which we’ve termed ‘Precision Performance’ – and how other organisations can learn from this framework in the race against their competitors. Whether you are looking to redesign how you process customer orders, turn around a short-haul aircraft or manufacture a new fashion range, there are many parallels whereby your organisation could replicate the concept of ‘Precision Performance’.
Our research explores:
- Capability - How F1 teams align and organise their top-level functions to optimise their performance on the race track
- Organisation Design – How sub-functional teams are strategically organised by roles, skills and capabilities to ensure the highest level of performance is achieved
- Leadership – How top-level organisational strategies are developed in such a way that people understand, believe in and commit to them.
- Culture – How leaders create the right conditions for innovative cultures where ideas are encouraged, developed and nurtured through to implementation.