Study: NASCAR drivers, CEOs share similar talents

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NASCAR drivers are known for trading paint, spinning out rivals and are seemingly always ready for a fight.

And those are just some of the same elements that NASCAR drivers share with CEO’s of some of the best middle-market companies, according to a story on AllCapCorp.com.

Citing a study by Statistic Brain that compares what would seem like diametrically opposite fields, AllCapCorp.com noted “accomplished CEOs and NASCAR drivers are often recognized as the top performers in their respective industries, and they possess the courage to make complex decisions when challenges arise.”

Here are the top 6 shared similarities between those driving companies and those driving stock cars:

1. Cultivate the right combination of strategic talent to propel them to victory.

The study cited six-time Sprint Cup champion Jimmie Johnson, team owner Rick Hendrick and crew chief Chad Knaus for their ability to recruit and hire the most talented and successful personnel “to do one thing – WIN.”

2. Possess the perseverance to rise from the ashes.

The example that Statistic Brain cited here is the resurgence of 2004 Cup champ Kurt Busch, who lost his ride with Team Penske after the 2011 season and how he’s rebuilt himself and his career since.

As Statistic Brain noted, “Like many middle-market CEOs, ‘the Outlaw’ wasn’t ready to give up his dreams when the world thought he was finished. Recognizing that his setback was driven by his own limiting behavior, he gave himself a ‘tune-up.’ … When facing such adversity, top CEOs act no differently. They are willing to work hard and develop creative solutions that allow them to overcome the most difficult of challenges.”

3. Learn from their mistakes.

The elder Busch brother was again cited, along with A.J. Allmendinger, who was suspended by NASCAR for failing a drug test in 2012.

Said Statistic Brain, “Savvy CEOs also understand the importance of learning from their mistakes and making adjustments when major setbacks ensue.”

4. Know that sometimes it pays to be friendly with the competition.

It’s better for drivers to be friends than enemies in NASCAR, because you can never have enough friends, particularly at places like Daytona and Talladega, where the nature of restrictor plate racing has led to a “one for all, all for one” mentality for many drivers.

It’s there that you see Ford drivers work with Toyota drivers, Chevy drivers with their Ford counterparts, and so forth.

“The same holds true for top CEOs who make alliances with the competition or seek synergy through middle-market mergers and acquisitions,” Statistic Brain said. “The best CEOs recognize their firm’s key strengths and weaknesses, as well as those of other players in their industry. This insight allows them to maintain integral relationships that drive optimum results and secure long-term success.”

5. It’s a family affair.

Not only is NASCAR still owned and operated by the France family, the sense of family as a whole is one of the most important elements of the sport.

That’s why so many drivers follow in the footsteps of their own racing fathers, with famous surnames such as Earnhardt, Elliott, Jarrett, Petty and more. Likewise, family is a key component of fandom in the sport, with oftentimes three generations of families attending races together at tracks around the country – or watching races together on TV at their own homes.

Said Statistic Brain, “Like NASCAR, many middle-market CEOs treat their businesses like a family, where multiple family members work together to run a company and make decisions about its future.”

6. Know it’s best to go out on top.

NASCAR drivers go through a lot in their careers. But the most difficult time is when they decide to hang up their firesuit for the final time and retire from full-time driving.

The Statistic Brain study cited Mark Martin and a story about him by FoxSports.com in 2013, in which Martin said, “No matter how hard you work at it, eventually Father Time will extract its toll from your skills.”

Added Statistic Brain, “Smart business owners know that the best time to sell is when their business is still going strong, and they can offer valuable insight during a transition to new ownership. They have a solid exit strategy in place, and are ready to pull the trigger and sell a business when the time is right.”

Unfortunately, some drivers remain in the game far too long and by the time they eventually do retire, many of their earlier-career successes and achievements are forgotten and replaced by the difficult struggles those same drivers had getting to their end-game.

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Graham Rahal survives Road America to finish eighth

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Graham Rahal and Rahal Letterman Lanigan Racing faced a roller coaster of a race during the Kohler Grand Prix at Road America on Sunday.

He was a rocket off the initial start, jumping from sixth on the grid up to fourth exiting turn 1, but was almost immediately ordered to surrender a position for blocking. He quickly slipped back to sixth, and then began plummeting down the order as he battled an oversteer condition that saw his car chew through its rear tires more quickly than others.

Forced to abandon the planned three-stop strategy, he and the No. 15 Gehl Honda team switched to a four-stop plan that saw him drop well outside the top ten at times.

However, they kept plugging away and rebounded nicely in the second half of the race to eventually finish in eighth. While he would have liked to finish higher up the order, Rahal knows that he and the team got everything they could out of it.

“The car was a handful today. I knew about five laps in that I didn’t have the pace for a three-stop strategy,” Rahal revealed post-race. “We tried as best we could to work with what we had during the race and overcome it. I would have obviously liked to have finished better, but eighth is about as good as we could do today. We struggled with a very loose race car all weekend and just couldn’t put a dent in the problem. We worked awfully hard but just missed it this weekend.”

The eighth-place finish keeps Rahal in the championship hunt. Rahal now sits seventh in the standings, 11 points behind fifth-place Josef Newgarden and 72 behind championship leader Scott Dixon.

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Ed Jones continues steady run with seventh at Road America

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Dale Coyne Racing’s Ed Jones has made waves in the 2017 Verizon IndyCar Series season with a string of solid performances that belie his rookie status.

And Sunday’s Kohler Grand Prix at Road America was no different.

The 22-year-old battled an oversteering car most of the weekend at Road America, and had to navigate a little carnage late in the race as Alexander Rossi and Ryan Hunter-Reay both fell through the field with front wing problems.

However, Jones weathered all storms to finish an impressive seventh, his fifth finish inside the top 10 this year, and his best finish since his third place at the 101st Indianapolis 500 presented by PennGrade MotorOil.

“It was a really tough race,” Jones said of the effort. “We had a loose car yesterday. It was loose, but fast, for qualifying, and today again the car was really loose. I was hanging on the whole race, but the team had some good pit stops and we were able to move up.

“Obviously, the strategy was pretty similar to everyone else. Everyone was aggressive out there. It was hard racing but we came out with a seventh place and we moved up a little bit in the points.”

The seventh-place run sees Jones maintain his position in the top ten in the championship. He currently sits tenth in the standings, three points ahead of Chip Ganassi Racing’s Max Chilton.

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Vilander replaces Bird at AF Corse for Nurburgring WEC round

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AF Corse has confirmed that Toni Vilander will race the No. 71 Ferrari 488 GTE in next month’s FIA World Endurance Championship round at the Nürburgring in place of Sam Bird, who is tied up with Formula E commitments in New York.

Vilander currently races full-time in the IMSA WeatherTech SportsCar Championship with Risi Competizione, and appeared at the 24 Hours of Le Mans two weeks ago.

The Finn won the WEC GT drivers’ title in 2014 and last raced full-time in the series in 2015, but will return at the Nürburgring in place of Bird, who confirmed on Monday that he would be prioritizing his Formula E commitments on the July 16 weekend.

Vilander is relishing the opportunity to race alongside Davide Rigon in the No. 71 Ferrari, and is eager to bounce back from an early retirement at Le Mans.

“I’m happy to be able to return to the FIA WEC with the 488 GTE of AF Corse team. This is my chance to cancel the disappointment of the 24 Hours of Le Mans as soon as possible,” Vilander said.

“Car number 71 is in the top places of the championship standings, and I will give all I have to achieve the best possible result at Nürburgring, to help Ferrari in the manufacturers’ championship and Davide Rigon in the drivers’ ranking.”

British GP expands to four-day schedule, F2/GP3 practice set for Thursday

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The British Grand Prix weekend will expand to a four-day schedule next month as Formula 2 and GP3 practice running gets shifted to Thursday.

On-track running for all Formula 1 events traditionally takes place across three days – Friday to Sunday, bar Monaco, where practice is on Thursday – with support events following a similar format.

Silverstone has confirmed its schedule of events for the British Grand Prix weekend, with F2 and GP3 practice slated for Thursday July 13.

F2 practice will run from 15:30 to 16:15 local time at Silverstone on the Thursday, followed by GP3 running from 16:45 to 17:30.

Both support series will hit the track again on Friday for their respective qualifying sessions, taking place after F1’s second practice in the afternoon.

The remainder of the race weekend will go ahead as usual for F2 and GP3, having one race each on both Saturday and Sunday.

The F1 schedule for the weekend remains unchanged, with FP1 and FP2 on Friday, FP3 and qualifying on Saturday, and the race on Sunday.

Both Renault and Williams will take part in special show-runs during the grand prix weekend as part of their 40th anniversary celebrations.

You can see the full British Grand Prix schedule here.