Team F1 VS Company
How can we compare F1 teams with companies? If you like/watch F1 racing, everyone agrees that there are not just racers who are truly superstars, not just 2 racers with 2 Formula 1 racing cars. However, F1 is a team race that carries a crew of -/+ 900 people/team or the equivalent of the crew of a large company. The F1 team manages a budget of 140 million US dollars each racing season which must be accounted for by each of its sponsors. In the race, there are top F1 race teams, mid-table F1 race teams and lower F1 teams. We can see in each F1 team that the company manages its resources truly optimally using the most sophisticated equipment. with an average circuit length of 5 km and a total of 55 laps, everything can be seen, starting from preparing the entire Supply chain team because there is distribution of all logistics from one circuit to another for 24 race series every year throughout the world. In just 36 hours F1 cars were moved from one country to another? F1 Logistics is crazy. They organize the races as efficiently as possible on every continent combined in the race series. that is a very good plan.
All racers in each F1 team are professional racers and the best on this earth. but can only good racers win? Of course not because it has to be supported by a racing car that has good performance. Good performance is followed by good technology with detailed attention to the components used, from aerodynamics to speed per second. imagine that in every pit stop changing 4 tires only takes 2.8 seconds and all the KPIs have been clearly determined and people have high dedication and responsibility with their respective responsibilities, all headed by an engineer the top one and must be responsible for 1 turn, it can be done in just 1 minute 23 seconds or even below, which is the standard for a realistic car in F1 racing. All teams have a General Manager as a leader who has the mindset that all races must be won and won and the responsibilities have been specifically divided through precise strategies.
The question is, is the F1 team the same as the company?
I think they all have goals and mobilize all their resources for the sole purpose of winning every championship or in the company achieving the targets set each year by each company. Hopefully those who don't like F1 can see another perspective on how to manage a company by watching the F1 Circus racing spectacle.
House/Estate Manager
3wWow, such an incredible experience! Thank you!