In our recent webinar, our panelists discussed how the principles used in F1 can significantly enhance productivity, efficiency, and business performance.
They spoke about the value of fostering a proactive culture, structured problem-solving, and empowering leadership for continuous improvement.
Other techniques discussed included:
Continuous Improvement Mindset: Emphasised as essential in both industry and Formula One, fostering a culture of curiosity and relentless pursuit of better solutions. This involves encouraging team members to continually ask, "How can we do this better?"
Value Stream Mapping and Visualisation: Highlighted as a practical tool that Formula One teams utilise to streamline processes from design to production. This method allows teams to identify inefficiencies and improve workflow.
Practical Problem Solving (PPS): Introduced as a methodology for tackling complex problems systematically. A compelling example was shared where a team used PPS to identify unexpected environmental factors (e.g., concrete dust) affecting engine performance. This demonstrates how structured problem-solving can yield significant insights and solutions.
Empowerment and Leadership: Teams that excel in continuous improvement focus on empowering their people and investing in their development. The leadership approach involves creating a supportive environment where ideas are encouraged and assessed through a clear process.
Cross-Industry Learning: Formula One's adoption of problem-solving techniques learned from other sectors, such as the fishbone analysis, showcases the importance of cross-industry knowledge transfer in enhancing operational effectiveness.
Panelists
Trevor Adcock, Director, Lean Leadership Solutions
A coach with 26 years of experience using Lean and leadership techniques for multinational companies including F1, Toyota, BAE and Transport For London.
Steve Boam, CEO, Click2Learn/Develop Consulting Limited
A skilled leader with extensive experience in delivering business improvement, transformation, and turnaround across industries including automotive, aerospace, rail, marine, and healthcare.
Dan Smith, CEO/COO
A former Major in the Royal Electrical and Mechanical Engineers with 28 years of experience in leadership, management, engineering, and operations, specialising in change, transformation, and cost improvement.
Chair: Darren Jones
A seasoned business improvement specialist and Chartered Director with decades of experience at board level of companies large and small around the world.
For more information or to discuss how our training could help upskill your teams at scale, please get in touch with nina.khetia@click-2.com.