Lola Cars Electrifying Return with Mark Preston, Motorsports Director

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PJ Tips Podcast Leading Business Change

PJ Stevens

53 episodes

16 hours ago

PJ Tips Podcast Leading Business Change: the home of great stories and practical insights from experienced and skilled leaders to improve the business of change. The purpose of these podcasts is to share stories to give listeners practical insights and information to help inspire and deliver real change in business and businesses. There is enough theory of change and leadership, and so guests will share a much more practical view from their experience. Podcasts cover such themes as Change, Culture, Growth Strategies, Leadership, Business improvement, Success & Failure....and Fun.

Management

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Management

Business

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Lola Cars Electrifying Return with Mark Preston, Motorsports Director

PJ Tips Podcast Leading Business Change

36 minutes 49 seconds

1 year ago

Lola Cars Electrifying Return with Mark Preston, Motorsports Director

In this captivating episode of PJ Tips Podcast, I sit down with Mark Preston, Motorsport Director at Lola, to discuss his triumphant return to the world of Formula E. Mark's storied career spans decades, from leading the Super Aguri F1 Team and launching it in record time, to winning the Formula E World Championship as Team Principal at DS Techeetah.

Now, as MotorSport Director, he is leading Lola's revival under the ownership of American-based English businessman, Till Bechtolsheimer, returning to Formula E and eyeing a re-entry to Le Mans.

Mark shares insights into the dynamic world of motorsports, where leadership, innovation and the pursuit of marginal gains are critical to success. We delve into what makes Mark’s leadership special and his approach to making "winning a science." His return to the Formula E stage is not just a comeback; it’s a masterclass in strategic thinking and execution under the pressure of fast-paced change. What sets Mark apart as a leader is his ability to foster a culture of continuous improvement, making small yet impactful adjustments that drive performance, both on the track and in the boardroom.

We also explore the challenges of budget caps in motorsports, drawing parallels to the world of business. Mark provides thought-provoking perspectives on how constraints can foster creativity, making a compelling case for businesses to reframe their mindset around limited resources. Instead of seeing budget limits as a hindrance, Mark emphasizes the importance of maximising resources and finding efficiencies in unexpected areas—whether it’s a procurement strategy or team management.

Throughout our conversation, Mark offers valuable lessons in how to lead through ambiguity, adapt to rapid change, and balance risk-taking with reward. He shares stories from his time at McLaren and Arrows, underscoring the fine line between success and failure. His reflections on complacency, risk and strategic intent are must-hear advice for leaders navigating today’s fast-changing and ambiguous business landscape.

Tune in for an inspiring and practical look into the mind of a championship winning leader and discover how motorsport lessons can be applied to business success.