6 ways F1™ provides inspiration for leaders
You don't have to be a fan or, or even life F1™ to benefit from the pitstop approach. It is not about racing, but rather re-framing the challenges your organization faces in its quest to accelerate and sustain performance. That said, there are lots of ways in which the racetrack can inspire:
Performance Management par excellence
If you want to see what it means to be obsessed with Performance, then look to F1™.
In F1™ the fastest car past the finishing line wins, but just milliseconds separate the winner from the rest.
In such an intensely competitive sport there is a relentless pursuit of the millisecond advantage. This
permeates all aspects of the sport and results in a radically different approach to performance management, learning and innovation. This is key to the pitstop approach.
Continuous Improvement & Innovation
You would imagine that the days after a big race would be a time to unwind and relax, but it is not. As a priority, teams get together to review every aspect of performance – driver, car and team.
Continuous improvement and innovation is part of the DNA in F1™ – improving on the last lap and the last race is key to winning.
Yet, organizations where people continually discuss opportunities for improvement at a personal, team and organizational level are far from the norm. Pitstops create a positive and safe environment where your team can engage in an open and honest dialog performance.
F1™ is the very definition of what it means to perform at the limit or what we call the Zone of Peak Performance. Pitstop workshops, events and programs help leaders and their business units / teams determine what Zone they are in and ultimately enable them to spend more time in the Zone of Peak Performance™.
There are 4 Zones of Performance. What to find out more? Open ‘Pitstop to Perform™' sample chapter here.
Big Data Drives Performance
F1™ is not just about the fastest car or the best driver. There is a new basis for competition – that is data. Specifically, the ability to speedily analyse and act upon performance data during the race.
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.
Pitstops that help you to win
Drivers start the race with a winning strategy, but must quickly adjust in the pitlane to cope with changing conditions.
The pitstop is an opportunity to make those essential mid-race adjustment that are required to enable the driver and car to perform at their best. It is an agile or dynamic approach that blends smart strategy with clever execution.
But what happens when you pitstop key strategies, projects or initiatives? Will bringing your team together mid-race maximize your chances of winning? Pitstop programs and events develop your team's ability to pitstop.
The New Standard for teamwork
F1™ has pioneered many technologies that are today a standard feature of the everyday motor car. But the sport’s obsession with design and innovation doesn’t stop there. It has also been rigorously applied to the performance of not just machines, but people too.
The sport has transformed teamwork from an art to a science. When it comes to team performance, F1™ started before the professors and consultants. Indeed, for almost four decades F1™ has been innovating its own laboratory of team performance – the pit lane.
During a pitstop a team of 20 will change all 4 tires in under 2 seconds and return the car to the track with a greater chance of success. The choreographed precision of the pit team sets the new standard for teamwork and cross-functional collaboration.
What happens when your team comes together to review its projects and priorities is a key indicator of its likely success, as well as its health. So imagine your team working with the speed, discipline and focus of a pit team. That is what the pitstop is all about.
A Next-Generation Model of Performance
Most models of business or performance, with their straight lines and square boxes, struggle to fire up the imagination or stir debate. We wanted to do for business models what the Apple iPhone™ did for mobile phones. That is make them a lot more user-friendly and engaging.
The Pitstop meta-model, combines the power of a metaphor with the clarity of a model. Moreover, it is the first to integrate design and dynamics, with strategy and execution.
Re-framing the Issue of Performance
You don't have to be a fan or, or even life F1™ to benefit from the pitstop approach. It is not about racing, but rather the application of tools and techniques for creative problem solving and innovation.
The techniques include cognitive re-framing, mental modelling & systems thinking-centered. These are centred around the design of the Pitstop Meta-model™.
The objective is improved and accelerated decision making, especially within groups, particularly 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.
Did you know that our industry-leading analytics platform, called Pitstop Analytics, measures all of these things: