Prabhjot is the Founder & President of Eclat Hospitality. A hospitality trainer, recruiter & career coach he assists some of the best brands in hospitality. You can write to him at p.bedi@eclathospitality.com His blog on career success is at http://www.myeclatcoach.com/ He also manages a Hospitality Career & Knowledge E-zine at www.hospemag.com
8. Team Work
how many races have been won on the pits. the speed, the team work, the sheer grit of the guys in the pit crew, can make (or break) the drivers race. one second won at the pits, is worth a minute on the track!
9. Processes
Clock work. Its amazing the amount of testing these guys do. tests, tests, test. even when a grand prix race is on, another part of the team is testing for the next race. even when the current season is on, another part of the team is developing the car for the next season!
10. Long term strategies
Mclaren boss Ron Dennis has been sponsoring Lewis Hamilton from the time Lewis was 3 yrs old. he finally brought him into formula 1 this year. Lewis would have created history (in many ways he did) as he was on his way to becoming the youngest and only rookie driver to become world champ! That is some long term strategy!
11. Short term quick fixes
These are very sophisticated machines. things go wrong, things break down, parts blow up. its all par for the course. teams don’t sit and criticize at that juncture, they don’t start talking about how amazing the design was and how something else could be wrong and not what they did. they just fix it. they use whatever they can and get the car on the track. the analysis will come later!
12. Reward performance
You win you get paid. most drivers need to pay to get a drive with a team. talk about talent management! once you show you are capable of winning, once you start the process of winning, money starts coming!
13. Demand performance
Drivers get sacked, so do team bosses, so do designers and so does anyone not able to perform. there is no time for people who cannot deliver.
14. know the rules, learn the rules, stretch the rules!
FIA is the governing body of the sport. they come out with a set of rules (very very technical stuff). each team then pours over it. the ones who come up with the most creative interpretation of the rules are generally the ones leading the race. (corporate example? Reliance?)
15. Adapt
Teams don’t go talking about how the race track has too many turns, and how the sunshine was coming in their eyes, or how the weather was a touch too hot( or cold). they adapt. they adapt immediately. if it starts raining, they change tyres, change the setup and then go out immediately to do what they came to do, WIN!
I could go on, but then I wouldn't be epitomizing the one thing I love about Formula 1.. Focus!
p.s I root for Ferrari!
- Related Videos
- Related Articles
- Ask / Related Q&A
- 8 More! Business Lessons from Formula 1
- 7 Business Lessons from Formula 1
- Lessons From Reality TV: A Peak Behind the Mask of Humanity
- MLM Training - How To Get A Fresh Start In Your MLM Business
- Advice for Small Businesses Seeking to Succeed On Line
- How To Develop Perseverance For Survive In Business?
- What is the Secret Formula for Success in Silicon Valley?
- New Network Marketing Business Yes Or No Way!




Finding the Best Property Manager Sydney
By: Benard Worseley | 27/11/2009Like any managerial tasks, managing a property is not that easy as it seems especially if you have more than one renting property. There are lots of tasks needed to accomplish to be able to get the maximum profit with the use of the best managing system.
A Product of Our Past - Managing the Generational Divide
By: Tammy AS Kohl | 26/11/2009Understanding how generational gaps or differences affect the success of business and industry is becoming an increasingly important issue. Everywhere you look within business media somebody is sharing research, experiences, or opinions on the generational divide and specifically how it relates to Gen X and Gen Y as they enter...
Solve the Mystery of Increasing Sales
By: Tammy AS Kohl | 26/11/2009In today's market, sales teams are getting hammered for more sales. Companies are looking for ways to conserve cash and increase revenue, and sales departments are caught in the cross hairs. The fundamentals of sales that drive success remain the same and are even more critical when times are economically...
5 Simple Steps to Incorporate EBilling
By: Shelley Veazie | 26/11/2009When you already have a set way of doing things, it might feel overwhelming to consider changing a method. However, with the benefits tallied up, there is not one good reason to continue using an outdated invoicing process. Ebilling is no longer considered a thing of the future, it's a...
The Business Benefits of Conference Calls
By: James K King | 26/11/2009Businesses large and small can benefit from using conference call services.
Achieve Success With This Strategy
By: Steve Lawson | 26/11/2009Someone once posed a fascinating question to me. He said: "Picture yourself in the middle of the ocean in a small boat. You have four days worth of food, and you know an inhabited island is four days due north, but it is too overcast to navigate by the sun,...
Creative Thinking
By: Fleur Gardner | 26/11/2009They say it is all in the mind. And it is correct. Creative thinking can turn the tables in your favour. There is no problem that cannot be solved and no circumstance that cannot be overcome by tackling it creatively.
E-Billing: Smart, Simple Solutions For Small Business
By: Shelley Veazie | 26/11/2009While any size business can benefit tremendously by incorporating eBilling services, small businesses especially are in dire need of reducing wasteful spending. The following are just a few of many reasons why eBilling is a smart and simple solution for all small businesses. eBilling sends a Friendly "Going Green" Statement to...
7 Valuable Lessons I learnt in Hotel Management School
By: Prabhjot Bedi | 07/05/2009 | MotivationalI went to IHM (then called IIHM), Aurangabad, the best 3 years of my life. With me, more than me, others put in valuable time of their precious life to make mine better, and better it got! These are the 7 Valuable Lessons I learnt in Hotel Management School
8 More! Business Lessons from Formula 1
By: Prabhjot Bedi | 07/05/2009 | Management8 more lessons from formula 1
7 Business Lessons from Formula 1
By: Prabhjot Bedi | 07/05/2009 | ManagementI am a huge fan of Formula 1. When someone asked me to create business lessons from the sport, I couldn't resist. So here are the first 7!
Flaunt your Profile/Resume
By: Prabhjot Bedi | 07/05/2009 | ResumesResume T-Shirts. With the current state of affairs, this does evoke a chuckle. f you are looking for a job, then you must do the following
True knowledge comes from testing your wisdom
By: Prabhjot Bedi | 07/05/2009 | CoachingKnowing others is intelligence; knowing yourself is true wisdom. - Lao Tzu One of the many benefits of a holiday and that of an adversity is that you find yourself.
Learning From Mistakes
By: Prabhjot Bedi | 07/05/2009 | Coachingone of my fav philosophy is to try everything once. Make mistakes, but learn. Making a mistake demonstrates your courage, repeating a mistake your stupidity.
Interview Skills| Perfect Practice Makes Perfect Performance! 5 Ways to Practice
By: Prabhjot Bedi | 21/01/2009 | InterviewsAs with any performance ,such as acting or public speaking, the more you practice the better you will get at it.
Build High - Quality Relationships With Significant People in All Contexts of Your Life
By: Prabhjot Bedi | 21/01/2009 | CoachingBuild high - quality relationships with significant people in all contexts of your life