F1 Legend Toto Wolff on Winning, Losing, and Leading Through Both
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- čas přidán 20. 05. 2024
- 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: hbr.org/2022/11/number-one-in...
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?
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"The days we lose are the days that our competitors will regret the most, because these are the days that we learn." Golden words
what a leader🤩!
The day RBR engines failed in Bahrain, Mercedes regret the most. Because those were the days RBR and Honda learned the most.
@@ajaysaipureddy it's not the same topic
Put it on a tile, because merc certainly isn't doing that right now. It's quite obvious that as far as aero goes, they haven't learnt all that much. They still don't get it at merc and i don't see that changing until the end of the regs. Add in that their engine can't handle increased ethanol content making them the third engine after RB and ferrari and they won't win any championships for at least several more years. For all that losing, the others don't regret much, they must be rather entertained by it.
@@EntropicExergy WoW just that??!!! Maybe you should drink a can of seum 🤣
He actually came back to talk about leadership from the losing angle, wow. 😮
that takes a lot of courage to come and talk about how it went wrong. mad respect for Toto!
And I think this is a better angle now bec. this has built character and more strength.
So true it takes character to speak about failure. Similar to boxing I think and champion that is beaten and then regains the title shows another side of their character
Toto's values are really inspiring. Personally, professionally and organisationally. He has created a family atmosphere at Mercedes AMG F1, and as an F1 fan this is highly palpable week-in, week-out in the sense that you never ever hear references to in-fighting, unhappy drivers, contract issues, and most of toxic or negative cultural issues. It truly is the Wolff pack.
Let's see how many seasons Hamilton will accept being beaten by George. I think the fuse of the fireworks has already been lit this season, it's going to blow the next.
for someone of lowest values certainly.. :)
😂😂
He's a great leader that takes care of his people. When they wanted to hire Russel, he made sure that Bottas first has a seat with a different team before signing Russels contract.
That hasn’t got much to do with being a good leader, he personally managed Bottas and had vested interest in finding him a seat on the grid.
@@capricornus993 Giving your team the best chance was ensuring Russell was at Mercedes. Being a good person was ensuring Valterri found a seat. Horner has one of the two. People tend to work harder for longer for the first scenario.
@@jhanau9 Yeah, sure.
oh really, only if everything is so lucid, but there's more under the surface stuff there
Toto is that kind of leader who inspires engineers, men, women and everyone at brackley & brixworth. He has a pure leadership, charisma, bringing the team in right direction. Surely one of the best f1 personality has ever had in its own history
So much leadership that all the top figures from the engine branch opted to move to RBPT instead of staying. Merc's racing team is a sinking ship and that is all thanks to Toto.
@@EntropicExergy Leader is leader, but when competition gives more money...
@@gold9994 Try again, i have no clue what you are actually trying to say.
@@EntropicExergy red bull offered more money than mercedes.
It doesn't matter how good the leader is. People will chase after money.
@@gold9994 More money to who? You still make no sense. Horner is a better team principal because he has been in the high level racing gig himself and knows exactly what it takes to build a championship team. Wolffieboy on the other hand bought his way into Williams and later merc when they were on the verge of winning with that cheat of an engine. Horner is a racer and thus knows what is needed for success in racing, Wolffieboy is an investor who bought his way into it but has never done any meaningfull racing himself. That makes Horner the vastly better team principal.
There is no boss like Totto in F1. I love and respect him so much.
christian horner >
I sincerely respect them both. From both of them I can learn something.
*Horner furiously taking notes*
I don't get how more universities don't organize these kinds of interviews. If my university did this this would have been the coolest thing ever..
Toto Wolff is the GOAT team principal. What a true leader.
It may be interesting to see an analysis of Ferrari and the decisions they have taken throughout this season, ultimately resulting in self inflicted losses whilst seemingly refusing to be introspective.
If you take for real what Binotto said that this year they had no plans to challenge the title but to get a good direction of car development, then they got it right. And the issues at Ferrari were not really scientific, they were human errors, like bad judgements calls on tires, a lot of bad calls on tires and pit stops. Also it does not help that Red Bull used 2 mil EUR on car development but written off as food expenses, so there's that.
@@_Florin Except RB didn't do that, but i guess it's easier for the LH cult to spread lies than face the facts. And even if they did, that was for the previous gen car, not the one from the last season. The only similarity between those two is that it has an engine, four wheels and needs fuel to drive. Those cars couldn't be more different, which anyone could understand who has at least a basic understanding of physics.
I don’t think Ferrari take feedback as well as Mercedes or RedBull hence why they’ll always self harm.
Love to learn from outstanding people on how they process challenges and failures.
I was saying a few years ago that Toto's Mercedes journey would make for a good B-school case study. Always great to hear this guy talk.
Toto I am not a Mercedes fan but I must say you deserve rispect, from friend and anemy,,,, you definitely show the character of a great leader,
It's surprising how incredibly intelligent this man is. Someone strongly needed in any organisation👌🏽
Hahahahaha, now try telling me something other than a joke.
@@EntropicExergy Wow ! I've seen you comment hateful statements on at least 4 different comments. Between you and pennywise , there's a lot of difference with the exception of both being a clown.
You really do gotta get yourself checked bud because you're literally hating on teams that never in your existence will you be able to lead.
@@alchemist2048 Facts hurt i see. Not my problem that you can't handle the truth. The fact you have to resort to ad hominems is quite telling, you have no arguments counter mine. Guess who is made to look like the real clown here, hint: not me.
@@EntropicExergy Facts ? I've been mostly seeing opinions if you ask me.
Talk about being salty as fuck man, you've literally commented on multiple comments.
How about we bet seeing next year how Merc comes back, and also funny how you though it "hurted" me when I ain't even a merc fan.
To me , it seems someone's jealous of others' uccess and simply cannot appreciate achievement of others.
@@alchemist2048 Yet nobody asked you. Salty, how exactly, do explain. If you can read, you can see me laughing about a joke. I would call that entertained, but i guess reading isn't all that easy for you. You will find out next year merc hasn't progressed at all. That is because they have no idea of ground effect. That is the very reason they pushed for a TD next year that hurts themselves as well as Ferrari, even when RB advised them not to. Jealous of a team of cheaters like merc, hahahahaha. I am not jealous of them at all, those fake championships are meaningless. Besides, it is spelled hurt, not hurted.
Exactly why I Love F1. The highest level of excellence.
❤❤
Creating a safe environment to explore, delivers knowledge and success. Great leaders do not use fear but instill safety for others to excel.
"I love Pressure that is me in my comforting zone.
That is some next level quote
Really good to hear this perspective from Toto. I usually prefer to cheer on the underdogs (not Mercedes the past few years) but I'm really interested to see how they'll perform next season once Russell gets settled in.
I don't like Mercedes team (only reason is that they are so dominant it makes F1 boring for a long time, I like underdog story), but hands to God I watched this with all my focus power. Deep down, I know that Toto is an excellent team leader and it's my dream to work for people like him.
That is a very good Discussion, I think it highlights the need to trust your team and allow your team to make mistakes, the critical part is having a team that owns their mistakes, acknowledges what went wrong and learns from the mistakes. This requires a forward-thinking corporate culture.
Amazing seeing a leader doing this kind of retrospective. Thanks for sharing.
Great timing with their 1-2 in Sao Paolo
I was just about to say the same.
Interesting to see the contrast between Mercedes and Ferrari. Ferrari could definitely learn a thing or two about introspection and being comfortable with mediocrity.
Illuminating. Great interview ☺👌
Toto thanks a lot for sharing insightful reminder that remaining number one is more challenging than being number one
Great interview of an inspiring leader.
Great interview!
Toto know what he is talking about.He is an amazing leader the best on and off the track.We Fall we Get Up,Refresh and Rise again👌🏻👍🏼😎🙏
Toto is spectacular and so is Harvard spot on intense even when you're losing clarity must be got to fast through the fogs of pain
Toto is incredibly bright and intelligent. It is always a treat to hear what he has to say. Mercedes will be back and it is astounding they did as well as the did given how fundamentally wrong they got the car.
We cannot have another year like this one! Lead us to the water Toto, I believe in you, the engineers, and the drivers! 2023 we’re coming back
Nope, merc isn't going to come back, they screwed themselves by forcing through a TD that is implemented next year. Instead of dicking over RB they tripped up themselves, you love to see it.
@@EntropicExergy This ignorance in what actually happened just ousts yourself as a lowlife. Educate yourself and stop spouting nonsense please.
I love Toto
Legend 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
9:07 ... brilliant...
Best manager ever in Formula One listening to him you want him to be your teacher your father or your leader!That's why he is the best Manager in F1 history!
What an inspirational leader!
So inspirational, Bose decided to stop their sponsorship with them. All that because Toto showed what a sore loser and petty being he really is.
No matter what happens, I have only come to respect Toto more
F1 is all about chasing perfection. No other choice.
They finally won!
F1 is Physics not Mystics
even when he is serious, he is so funny
What a guy
Horner has just blocked Harvard Business School channel
Great manager. and a very good man.
In order to win you have to lose
This guy leads
He is clever as hell
Finishing 5. and 6. or 4. and 5. and suddenly you end up on the podium and you think it is a success, and it is not. You need to remind yourself how painful it is. Last year, that would have been seen as a defeat. It is still seen as a defeat but you have to remind yourself. This is not where we expect ourselves to be.
“F1 is physics not mystics.
“The discussions with you and exchange with students is always a two-ways street. Because it makes you reflect.
The days we lose are the days our competitors will regret the most because these are the days we learn.
Pair him to Horner, and let's talk
I am Toto & Lewis fun but I like facts. 👍
A leader i would love to have
Nice guy clever
He was mean to Wehrlein by not letting him replace Rosberg in 2016 and badly managed him when he's the best German driver as he is the best in Formula e.
Nice
The next CEO of the Mercedes company
I like Toto and my favorite driver is Lewis. What I want him to explain what was going on in the 22 season. It I quit obvious that there was something, you don't go from 7 title's to no performance even some of the lower teams wasn't having the same problem wit their car. You don't go from cleaver to stupid overnight.
😢life isn’t fair
Stop interrupting Wolff.
"No Mickey No!"
6:55
Update: A few days after recording this interview, Mercedes got a 1-2 in Brazil, with George Russell winning!
Win steak per season kept, and things are looking up for 2023.
Teamchef WOLFF
ÖVP
This season it’s too hard lose title on the last corner don’t you dear Toto?
"Formula 1 is physics, not mistakes."
Physics, not mystics
Mind protecting itself from feeling it's own mediocricity 👌
Wir müssen überwältigen und dominieren
I think every successful person have a bit of being a control freak in them
Anita must be Dutch
If you want to win, you hire the best. If you want to lose, you implement esg criteria in your F1 team 😂😂😂😂
So, with other words son. If you aint first youre last!😄👍
Toto cannot loose gracefully. He chucks his toys out of the pram and is always someone’s fault.
It is taken more than 2 years to develop this new car. Result. Shit. What have you been doing???
haha before George's win apparently
Lewis won 6 @ Mercedes 1 @ McLaren. Rosbecg 1 @ Mercedes.
Next year he will be invited to talk again about losing the championship. The year after that he will be gone
Toto is thinking she hates the way she pronounces his name
🤜🤛
❤gutenmorgentotowoinmecredesincar❤allegut
This guy could have had Max Verstappen in his y
Mercedes did not win beacuase of his leadership neither lose beacuse of him. It's all about engineering, strategy and serendipity of design. This is how Redbull beat Merecedes in 2022.
Sure RB aero is top because of Newey but RBs engine will never match Mercs. Each has their strengths.
Mercedes won and got a 1-2 in Brazil...
"NO MIKEY NO" - Toto Wolff 😂😂
Ferrari takes 2 doses of idiot pill every day 😂
He should say: when we made the rules, we won. When others make the rules, we lose
Stop the lies. Is not 8. Is 7
It's 8 constructors championship. 2014 to 2021.
Key word is : CONSTRUCTORS
You forgot to mention "stealing"
This is no F1 legend. That category is only for people like Senna, Schumacher, Prost, Lauda and Stewart.
And Hamilton
@@fredomacedo6304 Nope, not that one.
@@Adi-bo5do Not when six of those were in a cheat of a car. Aside from that you seem to be forgetting someone.
F1 legend? No. Not at all.
Toto is not a legend. It makes everyone to laugh at the post
Lewis will bring his 8th.