Everything you always wanted to know about F1 team principals* (*but were afraid to ask) 👇
, on the other hand, is an example of a team owned by an entity from an entirely different world. Between these two extremes, there’s a range of ‘governance’ set-ups. But it suffices to say that F1 team principals all have bosses. Bosses who want a return in terms of results.The one thing every F1 team principal does is serve as the public face of the team. They give endless press interviews in which they speak on the team’s behalf, both away from the track and during race weekends.
They also represent the team’s interest in the political and sporting sense, for example in meetings with the governing body, race stewards and other teams. Though they’ll typically have specialists at their side depending on the occasion, this is where diplomatic and business skills come in handy. Another essential role is that of people management – shaping a winning environment and structure. Sure, you can be an engineer at your core, but a team principal can’t be the type of person who will hide at the back of the garage and pore over numbers. As is the case for the head of any organisation, they’ll need to be able to step back, see the bigger picture and make decisions accordingly.
One of those decisions – and probably the most important – is what they should rather delegate than try to do themselves. A Formula 1 team is made up of highly specialised people such as race engineers, strategists and mechanics. Nearly all of them know more about their specialist area than the boss does. So it’s key for the team principal to ensure the right people are hired, given the right structure to work in, and then trusted.
That said, some team principals are more hands-on than others. This is where styles will differ according to their management philosophy and skill sets. Some may prefer to take a supervisory role in all things. But for others, if there are areas where they can offer specific expertise, then they may do exactly that!
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