Insights, Tests & Inspiration from Formula One™
The powerful strategies and techniques used to drive performance in F1™ are now available to managers and their teams.
However, you don’t need to be a fan of F1™ to leverage the key principles of performance management in your organization.
The New Standard for Cross-functional Collaboration
Drivers start the race with a winning strategy, but must quickly adjust in the pitlane to cope with changing conditions. There a pitteam of 20 will change all 4 tires in under 2 seconds and return the car to the track with a greater chance of success.
Imagine your team working with the speed, discipline and focus of a pit team. That is what the pitstop is all about.
Inspired by F1™ Use of Big Data Analytics
Each race car has over 100 senors generating masses of performance data in real time. F1™ teams employ sophisticated visualization and modelling techniques to identify trends and predict performance. This enables speedy data-driven decisions track-side to maximize the performance of the driver and the car.
Pitstop analytics bring F1™-style data analytics to the optimization of performance within organizations, business unit and teams.
A Obsession with Winning
F1™ drivers and teams are consumed by an unrelenting quest for the millisecond advantage that could win the race. They live and breath performance, always looking to improve on the last lap.
Pitstop programs are about winning – igniting within teams the passion for performance.
Re-framing the Issue of Performance
In organizations the term ‘performance’ isn’t always positive and conversations on the topic can be difficult.
Growth Pitstop™ changes the nature of the debate around performance through the use of a model and metaphor inspired by F1™ This de-personalizes and de-politicizes the issue of performance, generates new openness, energy and engagement*.
*The technical term for this is Cognitive Reframing – creating a way of viewing and experiencing events, ideas, concepts and emotions to find more positive alternatives.