F1 Legend Toto Wolff on Winning, Losing, and Leading Through Both
After one of the greatest winning streaks in all of sports, the team principal for Mercedes-AMG Petronas—arguably the most impressive team in F1 racing history—finally had a losing season. He shares what he's learned, what’s changed about his leadership style, and what’s not. Harvard Business School professor Anita Elberse, who co-wrote a case study on Wolff’s management style and practices, interviews him about looking back at a tough season, and looking forward.
Read more about Wolff and Prof. Elberse’s findings in this HBR article: https://hbr.org/2022/11/number-one-in-formula-one
00:00 Looking back on a season that didn’t go exactly as planned.
01:13 How do you cope emotionally with losing?
02:30 The dangers of getting used to not finishing first.
03:00 What went wrong this season?
05:30 Micromanaging may work when you're wining, but what about when you lose?
07:37 Are you a different leader after this last season?
08:52 Is there one key lesson from this?
Follow Harvard Business Review:
https://hbr.org/
https://www.linkedin.com/company/harvard-business-review/
https://www.facebook.com/HBR/
https://twitter.com/HarvardBiz
https://www.instagram.com/harvard_business_review
Sign up for Newsletters: https://hbr.org/email-newsletters
#HarvardBusinessReview #TotoWolff #F1
Copyright © 2022 Harvard Business School Publishing. All rights reserved.
#Leadership #Management #Winning #Racing #Sports #CaseStudy #HarvardBusinessSchool #Harvard
Harvard Business Review
At Harvard Business Review, we believe in management. If the world’s organizations and institutions were run more effectively, if our leaders made better decisions, if people worked more productively, we believe that all of us — employees, bosses, custome...