What makes a unique formula one winning team?

A winning team is collaborative activities between, people who share the same or a particular passion for something or who share the same goals. If we take the example of formula one and examine the success of a winning team, it is said that money can buy success (Spurgeon, 2016). As well as having deep pocketed investors, a winning team has a bunch of like-minded people working together, which can be beneficial to an individual with a desire to strengthen their key attributes or a particular skill. For example, someone with a fun sense of humor is someone with an attribute which can be very desirable and be a valuable attribute to bring to a team. Teamwork is on the way to becoming a winning team, it is all about having the right people that work well and gel together and who can match each other’s ambitions. A winning team has individual members who appreciate their team and have an appreciation for what it is the team is doing. Winning teams have a good spirit about them; they have a particular way of thinking which can influence other team members' behavior. In formula 1, a recent research study conducted by Our indpendent consultant found that successful teams are continuously innovating and conducting research and development. They have key resources which they can make efficiency gains from and the results of which are consistent wins on the track. A study in the 1970’s conducted by Richard Hackman claims collaboration is not the personalities or behavioral styles of team members, instead what teams need to thrive are certain enabling conditions which occurs in internal or external environments that businesses operate in. Teams have strategic capabilities which collectively can lead to them gaining a competitive advantage in the marketplace for their organisation. A feature of these teams is they earn big bonuses for performing well. These teams are agile and flexible and can operate with a degree of autonomy, their dynamic capabilities allow them to constantly adapt to the changing environments and to think systematically. Teams are an asset to any organisation because the individuals within them bring with them skills which are competencies and expertise. These competencies and capabilities are what lead to a competitive advantage because the teams have distinctive capabilities or a team leader who can motivate and inspire those around him. Family like teams are another distinct capability of businesses. These attributes are of course important to have as well as crisis management and are the difference between staying afloat and going under. A common feature of most teams is that they have a clear sense of direction, they have defined roles and share common goals. Cambridge dictionary defines a team as a group of people working together to achieve a common goal. The Tuckman team model proposed by psychologist Bruce Tuckman in 1965 is one of the most famous theories of team development. The theory describes four stages of team development namely forming, storming, norming, and performing. He later added a fifth stage which he called adjourning. Tuckman’s theory implies if teams are organized in this way it is a contributing factor of a winning team. Ideas are formed and generated in the beginning, for example, to achieve a common goal. The next stage is the forming stage where ideas are brainstormed and communicated freely. At this stage, any difference in opinions is encouraged and communicated and can be supported. Some teams are more risk adverse than others their skills mean they can spread the risks amongst themselves, but not all teams are risk adverse some teams may prefer to work safely and have an open culture.

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