Ken Pasternak, a renowned author, consultant, and keynote speaker, and I, have shared insights from Formula 1 with Vered Oren- an international media and marketing consultant .These insights highlight how the principles of Formula 1 management can serve as a benchmark model for companies striving to succeed in today's challenging and disruptive times.
Formula 1 is not just a thrilling sport; it's a phenomenal business success story. With $3.2 billion in projected revenues for 2024, a 25% increase from $2.6 billion in 2023, and a massive fan base of 1.5 million TV viewers and 50 million social media followers, Formula 1 sets a high bar for both performance and business acumen.
One of the key insights from Formula 1 is the critical role of wellbeing, adopted by leading champions like Lewis Hamilton and Sebastian Vettel. Their embrace of wellbeing principles has significantly impacted their performance on the track.
**Did you know that?
- In the last seven seasons, 98% of first-place wins were achieved by drivers trained by Hintsa wellbeing coaches.
- 96% of podium wins were also secured by drivers under the guidance of Hintsa wellbeing coaches.
By learning from Formula 1's integration of wellbeing and performance, businesses can enhance their own strategies to achieve sustainable success.
Feel free to reach out if you're interested in learning more about how to implement these strategies in your organization!