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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.

Follow me @JerryBonkowski

Sim racers join Formula E teams ahead of Las Vegas eSports event

2016/2017 FIA Formula E Championship.
Marrakesh ePrix, Circuit International Automobile Moulay El Hassan, Marrakesh, Morocco.
Saturday 12 November 2016.

Photo: Sam Bloxham/LAT/Formula E
ref: Digital Image _SLA8272
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Ten sim racers have joined up with teams on the Formula E grid ahead of the Las Vegas eSports event at the beginning of January.

Formula E announced last summer that it would be holding a non-championship event in Las Vegas that would pit its drivers against racers from the virtual realm.

With $1 million in prize money on offer, the race is poised to be one of the most lucrative eSports events.

Ahead of the event in Las Vegas, each of the 10 of the sim racers that have qualified have been paired up with a Formula E team.

“I’d like to officially welcome the sim racers who qualified through the Road to Vegas Challenge to participate in the inaugural Visa Vegas eRace,” Formula E CEO Alejandro Agag said.

“I’ve been following the progress of the sim racers throughout the qualification process, and I can’t wait to see them on the same track as the rest of the Formula E grid.

“Accessibility and fan engagement are two of the key cornerstones of Formula E, and what better way to promote this than getting the sim racers to compete in the same colours as their Formula E counterparts – it will be fascinating to see who comes out on top.”

The sim racers in the event are:

  • Gregor Huttu (FIN) – Panasonic Jaguar Racing
  • Aleksi Uusi-Jaakkola (FIN) – Andretti
  • Olli Pahkala (FIN) – Mahindra
  • Enzo Bonito (ITA) – Techeetah
  • David Greco (ITA) – Renault e.dams
  • Graham Carroll (GBR) – DS Virgin Racing
  • Aleksi Elomaa (FIN) – Venturi
  • Bono Huis (NED) – Faraday Future Dragon Racing
  • Petar Brljak (CRO) – NextEV NIO
  • Patrick Holzmann (DEU) – ABT Schaeffler Audi Sport

The Vegas eRace will take place on January 7.

Hunter-Reay, Rahal complete Acura NSX GT3 lineup at Rolex 24

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Photos: Acura
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Verizon IndyCar Series stars Ryan Hunter-Reay and Graham Rahal will complete the eight-driver lineup for the 2017 Rolex 24 at Daytona in the pair of Michael Shank Racing Acura NSX GT3s.

These two drivers join the previously announced six-pack of Andy Lally, Ozz Negri, Jeff Segal, Katherine Legge, Mark Wilkins and Tom Dyer. The first four are the full-season drivers while Wilkins and Dyer are the third drivers for the full Tequila Patron North American Endurance Cup slate of races. Daytona, as a 24-hour race in the IMSA WeatherTech SportsCar Championship schedule, makes up the longest round where four drivers are expected for most entries.

Exact lineups are yet to be determined. Both Hunter-Reay (No. 28 DHL Honda) and Rahal (No. 15 Rahal Letterman Lanigan Honda) run Hondas in IndyCar, and switch from their previous teams in IMSA. Hunter-Reay was third driver in the No. 90 Visit Florida Racing Corvette DP last year, Rahal the fourth driver in one of the BMW Team RLL BMW M6 GTLMs.

Both Hunter-Reay and Rahal will test the car at Daytona next week.

“We’re thrilled to have Graham and Ryan join the Michael Shank Racing effort at Daytona,” said Art St. Cyr, president of Honda Performance Development (HPD), the racing arm for Acura in North America. “The debut of the NSX GT3 at the prestigious Rolex 24 will mark the return of the Acura brand to IMSA sports car competition. The addition of Graham and Ryan to an already excellent driver lineup, coupled with the experience provided by Michael Shank and his team, will make the NSX GT3 a serious contender for the GTD class victory at Daytona.”

Jenson Button receives honorary degree from University of Bath (VIDEO)

ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 25:  Jenson Button of Great Britain and McLaren Honda in the garage during practice for the Abu Dhabi Formula One Grand Prix at Yas Marina Circuit on November 25, 2016 in Abu Dhabi, United Arab Emirates.  (Photo by Clive Mason/Getty Images)
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Jenson Button became ‘Dr. Jenson Button’ earlier this week when he was awarded an honorary degree by the University of Bath in England.

Button, 36, made what looks set to be his final Formula 1 appearance at the end of last month in Abu Dhabi, drawing the curtain on a 16-year stint at the pinnacle of motorsport.

The Briton won the F1 drivers’ championship in 2009 and was runner-up in 2011, as well as winning 15 grands prix.

Button added to his list of achievements by picking up an honorary degree in engineering from the University of Bath earlier this week.

“I didn’t go to university and work hard in my early years, but I would say that a lot of my achievements in motorsport are down to my engineering understanding of a racing car,” Button said when addressing the audience at the ceremony.

Button does have a contract to race for McLaren in 2018 should both he and the driver be keen, but looks unlikely to return.

Button does remain keen to race occasionally through 2017, expressing an interest in racing in Super GT and rallycross.

Williams expecting Stroll to make mistakes through debut F1 season

ABU DHABI, UNITED ARAB EMIRATES - NOVEMBER 24:  Lance Stroll of Canada and Williams talks in the Paddock  during previews for the Abu Dhabi Formula One Grand Prix at Yas Marina Circuit on November 24, 2016 in Abu Dhabi, United Arab Emirates.  (Photo by Mark Thompson/Getty Images)
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Williams Formula 1 chief technical officer Pat Symonds says he expects 18-year-old Lance Stroll to make mistakes during his rookie season in 2017.

Williams announced last month that Stroll would be stepping up from Formula 3 to a full-time F1 seat for 2017, replacing the retiring Felipe Massa.

Stroll has an impressive track record through his junior racing career, becoming the youngest ever FIA F3 champion in 2016.

However, his on-track actions have caught attention for the wrong reasons at times, with the Canadian receiving a race ban in June 2015 for causing an accident.

Speaking to Reuters, Symonds said that Williams is braced for Stroll to make mistakes during his rookie campaign as he gets to grips with life in F1.

“Of course he’ll make mistakes and we’ll be repairing cars. These things happen as part of the process,” Symonds said.

“If you look at his Formula 3 career, in 2015 he was having quite a few accidents in that. The Monza one is just staggering.”

However, Symonds has no doubt in Stroll’s talent, believing the youngster to have proven himself during his two-year stint in F3.

“He hasn’t won that championship with anything other than a lot of skill and maturity,” Symonds said.

“For a guy that young, he’s driven really well in pretty well every condition. He’s raced well, he’s led at the front. He’s come through the field a bit, he’s driven well in the wet.

“He is the real deal.”

Besides his F3 commitments, Stroll has also completed an extensive F1 testing program through 2016 that saw him conduct running in a 2014-spec Williams in order to prepare him for his race debut in Australia next March.