F1 Legend Toto Wolff on Winning, Losing, and Leading Through Both

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: https://hbr.org/2022/11/number-one-in-formula-one 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? Follow Harvard Business Review: https://hbr.org/ https://www.linkedin.com/company/harvard-business-review/ https://www.facebook.com/HBR/ https://twitter.com/HarvardBiz https://www.instagram.com/harvard_business_review Sign up for Newsletters: https://hbr.org/email-newsletters #HarvardBusinessReview #TotoWolff #F1 Copyright © 2022 Harvard Business School Publishing. All rights reserved. #Leadership #Management #Winning #Racing #Sports #CaseStudy #HarvardBusinessSchool #Harvard Learn more about your ad choices. Visit megaphone.fm/adchoices