whatshappeninginmanufacturing talking about the results of my of my studies on F1 Strategy
A new study from a leading business school shows excessive innovation in Formula 1 technology isn’t always a good thing. Formula 1 racing teams that continually explore new innovations in an attempt to gain a competitive advantage may actually be damaging their chances of success.
According to Cass Business School researchers, a focus on improving existing F1 technology, rather than trying to invent the next best thing, yields greater success.
At Cass, part of City University London, Dr Paolo Aversa led a research team which statistically examined all the strategic factors influencing Formula 1 competitions between the 1981 and 2010 seasons.
They found that adapting car technology to regulation changes is more beneficial than pioneering new innovative solutions. This is particularly prevalent in years when the FIA forces teams to implement major changes to their cars’ technology.
Exploring new technological solutions push the already high level of complexity beyond the…
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