Can Formula 1 Be Considered a Craft Industry?

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Strategic Alignment > Forum > Can Formula 1 Be Considered a Craft Industry?

Can Formula 1 Be Considered a Craft Industry?
Ken Gordon, Strategy Consultant, United Kingdom, Member
In Victor and Boynton's book 'Invented Here' (1998) it is proposed that in the strategic development of the organization there are particular and specific positions or stages of growth that are targeted as the organization consolidates its position and develops. They call them the "Five Stages of Work". These are defined as: Craft, Mass Production, Process Enhancement, Mass-Customization and Co-configuration. Each type of work generates and requires a certain type of knowledge and learning. They suggest that progress occurs through learning and the leveraging of the knowledge produced into new and more effective types of work. As a specialist industry where success is based on technical and engineering innovation, should Formula 1 (the global racing sport) be considered a 'Craft Industry', or is the true nature of the collective organizations better defined as 'Mass Customization' or '(Mass) Co-configuration'? The specific pathways for development within the Formula 1 indus (...) Read more? Sign up for free

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Strategic Alignment
Summary
Forum
🔥How to Reach Consensus among Executives on the Strategy?
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Can Formula 1 Be Considered a Craft Industry?
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