Background
Formula 1 is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. F1 races are broadcast to over 430 million unique television viewers in approximately 200 countries around the world and its largest events can host live audiences in excess of 400,000 across the race weekend. After successfully completing a record-setting Championship in 2022, 23 Events are scheduled to take place in 2023 in 21 countries across Europe, the Asia Pacific, the Middle East and North and South America.
The Formula One Group is a group of companies responsible for the growth of the sport & exploitation of the sport’s commercial rights, deriving its core revenues from Race Promotion fees, Media Rights revenue and Commercial Partnerships as well as a number of other ancillary activities. Formula One’s in-house technical team delivers timing and other technical services associated with the Championship events, as well as the filming and programme origination of the international world broadcast feed.
Formula 1 has an ambitious plan for growth and is looking for an experienced and passionate strategy professional to help shape the future of our sport.
Position Summary
Formula 1 are seeking a Strategy Associate in the Strategy and Business Development team, helping to define and deliver the long-term strategy and vision for Formula 1. This will involve working closely with the Formula 1 leadership, senior members of its commercial and technical divisions, finance teams and other key support functions.
Main Duties and Responsibilities
As a Strategy Associate your role will be to support the Strategy and Business Development team across four main areas of activity:
- Support in the definition of a long-term vision and strategy for Formula 1
- Help to set an ambitious growth strategy & define focal points for the business
- Evaluate macro trends impacting F1 & refine medium/long-term strategies
- Help to define headline Goals/KPIs that are ‘north stars’ for F1
- Assist in evaluating performance against 1,3,5 year plans
- Support the annual Strategic Planning and Budgeting process
- Support with development of presentations and additional materials for key strategy outputs, as well as half yearly strategy reviews
- Assist members of the Strategy & Business Development team to work with Directors and define project roadmaps that deliver against F1’s Strategic Plan
- Support quantification & prioritisation of plans to align with budget process
- Roll-up and review of strategic initiatives vs benchmarks and top-down targets
- Operate as strategic support to key business areas
- Provide ad-hoc strategic support to key business areas as needed
- Help to set department-level strategies aligned to the F1 Corporate Strategy
- Provide insights that support the identification and evaluation of opportunities
- Support and lead on key Corporate Strategy projects
- Assist Strategy & Business Development team on larger strategic projects spanning multiple business areas, with primary focus on market research, data analysis and modelling among other tasks
- Lead smaller strategic projects for individual business areas, with oversight from other members of the Strategy & Business Development team