Business lessons from F1

A couple of articles were published this week focusing on the lessons that companies can glean from Formula 1 racing.  The WSJ reported on how F1 has improved one hospital’s processes and Time reported on the use of F1’s decision analysis software in other industries.  With the precision involved in the sport, this isn’t too surprising – but what’s cool is the application of process and technology to other disciplines.  If you’re not familiar with the sport, it’s much different than a faster, non-US version of NASCAR…probably most akin to the difference between football [i.e. soccer] and basketball.

In case you were wondering, there used to be a Formula 2.  Not to be confused with Formula 51.