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  • Cited by 5
Publisher:
Cambridge University Press
Online publication date:
August 2013
Print publication year:
2009
Online ISBN:
9781107280182

Book 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

‘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.’

René 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, Henkel

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Contents

References
Fédération Internationale de l’Automobile, the sport’s governing body.
MotorSport vol. 83, no. 13, p. 59.
Peters, T. J. and Waterman, R. H.. (1982) In Search of Excellence: Lessons from America’s Best-Run Companies. New York: Harper & Row.
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2008 ‘Dennis doubts BMW can keep up’. autosport.com/news 7 April.
Financial Times (2008) ‘The Business of Sport, Formula One’, 23 May, pp. 40–1.
Initiatives Sports Futures (2008) 9 January.
MotorSport vol. 83, no. 13, p. 57.
Financial Times (2008) ‘The Business of Sport, Formula One’, 23 May, p. 5.
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Hughes, M. Autosport (2002) ‘Seats of Power’, 28 November, p. 39.
FI Racing (2004) February p. 43.
F1 Racing (2008) ‘Britain expects’, July, p. 78.
2008 ‘Kimi could quit at end of 2009 season’ 5 June.
Katzenbach, J.R. and Smith, D.K. (1994) The Wisdom of Teams: Creating the High Performance Organization. London: Harper-Business.
Hoshin ensures that everyone in the organisation is working toward the same end. The plan is hierarchical, cascading down through the organisation and to key business-process owners. Ownership of the supporting strategies is clearly identified with measures at the appropriate level or process owner within the organisation.
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International Herald Tribune (2008), 9 May.
Autosport (1998) ‘Price of success’. 15 January, pp. 38–41.
Autosport (2002) ‘Winning isn’t everything’. 28 November, pp. 40–41.
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(2007) ‘F1nvestor: There’s no ‘l’ in Team …’ . 28 November.
MotorSport (2008) August, p. 21.
F1 Racing (2008) ‘Mark Webber’. July, p. 115.
Financial Times (2008) ‘BMW join Formula One’s big boys’. 26/27 April.
Tichy, N. M. and Cohen, E. (1997) The Leadership Engine: Winning Companies Build Leaders at Every Level. New York: HarperBusiness.
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Watkins, S. (1996) Life at the Limit: Triumph and Tragedy in Formula One. London: Macmillan.
Lovell, T. (2003) Bernie’s Game. London: Metro Publishing.
Formula 1 (2001) ‘Ferrari’s Nigel Stepney: The Man Who Can’. April, pp. 69–71.
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Autosport (1980) ‘Seasonal Survey’, December.
Autosport (1998) ‘The Day the Magic Died’. 13 August, pp. 32–7.
Autosport (1992) 13 February, p. 5.
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Wright, P. (2001)Formula 1 Technology. Warrendale, PA: Society of Automotive Engineers.
Sources
List of published sources used in the research undertaken for this book:
Websites
autosport.com
thefia.com
formula1.com
grandprix.com
pitpass.com
ten-tenths.com
Secondary works
Autosport
Eurobusiness
F1 Racing
MotorSport

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