AI Snips
Chapters
Transcript
Episode notes
Owning Failure to Improve
- Mercedes' 2022 performance blip was acknowledged openly as the team got the concept of the car very wrong.
- This failure is seen as a learning opportunity that will make them return stronger next year.
Failure Fuels Learning
- Toto Wolff believes failure is essential to prosperity because it reveals true organizational strengths and weaknesses.
- The days lost are the days competitors regret, as losing drives the greatest learning.
Solving Bouncing Takes Time
- Mercedes solved the bouncing problem underlying the 2022 car but couldn’t fully fix it within that season.
- Changes in car architecture for 2023 should make it easier to manage, though humility is required regarding the pace of recovery.