This case study describes the implication of an important change in the Formula 1 rules for the 2012 season. Pirelli was chosen as the sole supplier for all Formula 1 tyres, and the six types of tyres forced racing teams to make some tough choices in every race. For example, tyres are either durable or have a good grip, but not both.The background for this change is provided in the case: the Formula 1 is a complex ecosystem (or value constellation) with decreasing revenues. The reason for the decreasing revenue could be the dominance of one driver, Sebastian Vettel. It is assumed that if one driver wins too many races, some of them from start-to-end, TV viewers tune out. So the new tyres rules should make the races more strategic, because it requires more pit-stops. Pit-stops are interesting for two reasons. First, they are a “race in the race”, secondly, every pit stop changes the ranking of the drivers. The case concludes that, despite all these changes, the revenues for 2013 went further down.
All organizations should have a plan to secure trust during, after (and even before) a crisis hits. Here are a host of examples, good and bad, to learn from.
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#post_excerptHannele Jakosuo-Jansson of Neste and Finnair shared key insights on board roles in CEO transitions and culture shifts with IMD’s High Performance Boards program.
This case study explores AstraPay’s journey to become a significant player, despite its latecomer status, in Indonesia’s burgeoning digital payments landscape. Launched in 2018, AstraPay had grown to serve over one million customers, but it faced ...
An intelligent organizational sensory system detects, processes, and acts on change signals, giving your company a strong competitive edge.
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Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications