Common goal and incentive structures in large companies

In small companies, keeping a common goal is simple. There is probably only one product and hence product goal equals company goal. Messing up incentives is hard (but of course not impossible) as people should be rewarded for making that single product more successful. For increasing sales, improving the product or making it more stable. … Continue reading Common goal and incentive structures in large companies

Over optimisation and risk – Magnussen, Grosjean and the Hass F1 team

The first round of the 2018 F1 season - the Australian Grand Prix, was a perfect example of what from the outside could look like a bad case of over optimisation. F1 and high level motorsports in general are always at the forefront of optimisation. Whatever type of motorsport you look at there are rules … Continue reading Over optimisation and risk – Magnussen, Grosjean and the Hass F1 team