Oliver Raison’s Post

🏁 Midway through Practice 1 at the Melbourne F1 weekend, and it's already a masterclass in strategy and performance! Donning my yellow McLaren hat and bright green lime sunglasses, I'm reminded of how much F1 parallels the business world.... 1. Preparation is key - Like an F1 team fine-tuning their car, success in business comes down to the details. Precision in planning can set you apart. 2. Be adaptable - Just as F1 teams adjust to track conditions, businesses must pivot swiftly in response to market changes. Flexibility is a competitive edge. 3. Teamwork makes the dream work - No driver wins alone; success is a team effort. In business, leveraging diverse talents can drive you to victory. Let's bring the speed and strategy of F1 into our professional lives! 🚀

Not sure how we feel about this. On one hand F1 will bring huge numbers to Vegas but on the other feels like things like this could have been sorted out a long time ago as part of the whole planning phase. If this is a new fee being put forward by F1, it seems a little late in the day to just spring it on the businesses it will impact. #f1 #lasvegas #formula1 https://lnkd.in/e_7xnKym

Crofty & Karun are back as the voices of the new F1 Manager game - F1® Manager 23!  It's been great working on this with the brilliant team at Frontier. Here's the trailer:

The number of partners have dropped in Formula 1 2024. Many Formula 1 teams have fewer partners 2024 than they had in 2023. Here are four examples (picture below). There are a couple of reasons why Formula 1 teams tend to downsize the partnership networks. 👉 The quality of the Formula 1 partnership network and the partners in the network altogether 2024 is probably the best ever in the history of Formula 1. These are my personal opinions, so feel free to have a different view 😀

Sporting Events Booking a premium luxury black car service for sporting events can indeed enhance your overall experience and ensure you don't miss any crucial moments of the game. When booking a luxury black car service for a sports event, it's advisable to make reservations in advance, especially for high-demand games.

Who are the F1 stewards? The F1 terminology glossary defines a steward as “One of the three high-ranking officials at each Grand Prix appointed to make decisions.” In short, stewards are appointed by the FIA and its affiliated associations to see that the race is conducted as per the regulations of the FIA.

It’s not often you hear an apology from an organisation as big as the F1. But Greg Maffei, the Chief Exec of F1’s owner has apologised to ‘all of Las Vegas residents’ saying that ‘we appreciate their forbearance and willingness to tolerate us. If you didn’t know, this weekend F1 is hitting the streets of Vegas. It is the first ever F1 to hit the actual Las Vegas strip and as you can imagine it has caused chaos for everyone living there. There have been reports that Formula 1 have also angered clubs and restaurants along the strip, demanding up to $1500 per head for licensing rights. These are businesses that sit along the strip, whose trade has already been affected by the works disrupting access and whose customers will struggle to reach the venues because the race is taking over the whole area. If you have ever been to Vegas you will know that restaurants and clubs there are BIG. Some of these venues hold over 1000 people. Paying this licence fee will cost them millions. Millions for a view of a street they already pay to be on. Public places along the way have already had their views obscured. Windows along the bridges across the strip have been frosted. When angry tourists and locals wanting to take photos ripped this off, barriers were placed in front of the re-frosted glass. This F1 has definitely come at a huge cost. Will it actually be worth it? Will businesses recoup their losses? Will the race even return? Famous circuits like Silverstone pay an estimated $26 million dollars for the honour of hosting a race. The way the Vegas track has been crafted many are expecting it to have the highest DNF on record. The pit exit opens out to a corner where the natural driving line will make it incredibly dangerous to exit the pit. Drivers will either lose further seconds or will be forced to take significant risks. I have no doubt the event in Vegas will be a spectacle, but is a spectacle good for the sport? #F1 #Vegas #entertainment

I don't follow F1. But every time there's a Grand Prix anywhere in the world, David Schneiders stunning Grand Prix posts always pop up on my feed, and I cant help but dive in. What amazes me is that F1 isn't just about the driver or the high-tech car, even though that's where the big bucks are spent. The unsung heroes? The pit crew. They're responsible for everything else during the race—a half-second delay in a pit stop or even a slight misjudgment about a rival driver can be a game-changer. Now hold on, this post is not about F1. Time for a plot twist. If you're a leader, Imagine yourself to be the driver. Your business or team is the F1 car. And everyone else? They're your pit crew. What if one of them messes up, feeds you wrong info, or doesn't act on time? You're suddenly in a tight spot. It might cost you a million or result in a lost opportunity. everyone makes mistakes, but could it be deliberate as well ? So why would a team member throw a wrench in the works? Aren't you all on the same team, gunning for the same finish line? Leaders and team members, I'm curious—what could be the reasons? 🤔

Exciting news from the Las Vegas F1 race! 🏁 As the exhilarating F1 action unfolds in Las Vegas, it's a thrilling reminder of the importance of speed, precision, and strategy in both racing and procurement. Just like the precision required on the track, Parlay Solutions is your pit crew for navigating the twists and turns of procurement success. At Parlay, we understand the need for strategic planning to ensure you're racing towards your procurement goals with maximum efficiency. Whether it's optimizing supplier relationships or fine-tuning your procurement strategy, Parlay Solutions is your partner in the fast lane to procurement success. 🏁📈 https://lnkd.in/gsXRjSdK #LasVegasF1 #Sourcingandprocurement #ParlaySolutions #ProcurementStrategy Formula 1 Las Vegas Grand Prix, Inc.

Formula 1 in Las Vegas helped MGM Resorts, Moneygram Haas Formula 1 partner, to reach a new financial record in 2023 🙌 The reports after the Las Vegas Formula 1 race have been mixed, but we saw Liberty Media reach new financial heights in Q4 2023 and the casino/hotel/resort business in Las Vegas reports also very strong Q4 results. MGM Resorts, a Haas F1 partner, is no exception. MGM Las Vegas Strip Resorts reports net revenues of $2.4 billion in Q4 compared to $2.3 billion in 2022, partially due to Formula 1 and an increase in casino revenues. It is a new all-time high record. Bill Hornbuckle, CEO and President of MGM Resorts: “Our premium positioning and offerings in Las Vegas enable us to capture incremental profit during major events such as the Formula 1 race and our first Super Bowl." Las Vegas Strip Resorts casino table games win reached $ 540 million in Q4, compared to $375 in 2022. A 44 % increase. Wonder how much the Formula 1 drivers spent 😀 📷 Photo: Moneygram Haas F1