The thrill of zooming away at an unimaginable speed makes motor racing the most favorite sport of most people, both young and old. Formula One Grand Prix can be described as the ultimate in motor racing and it attracts nearly 40 million people to witness the racing events from March to September every year. Even though this global sport is full of excitement, the teams suffer from high mental and physical stress, which are the result of tight race schedules and continued absence from home.

There is immense worldwide popularity of this sporting event, which has taken place in most western countries. A racing car differs from a normal road car in the sense that it is a single-seater with open wheels. Whereas “formula” signifies a pure racing car, Formula One is the final word in formula racing.       

Ultramodern technology is used in making a modern Formula 1 (F1) car and there are engineering teams that collect vital data that is communicated by the car. This data is then analyzed and necessary modifications are made for achieving improvements. However, the sports authorities favor cutting costs by reducing the electronics fitted in the car.

Very few people actually understand the marvels of technology and art that are deployed in producing a Formula One racing car although innumerable people, the world over, spare no effort to watch the racing even if they have to keep awake the whole night. The excitement of Grand Prix racing is something, which very few people can resist.

The name of Formula One was given to the rules pertaining to racing immediately after World War II and Formula Two was assigned to the junior category for racing cars with a lesser engine capacity. Thereafter, for cars with even smaller engine capacity, the name of Formula Three was assigned. In the mid 1980’s, Formula 3000 replaced Formula Two as 3000 represented the displacement capacity of the engine. Formula Three (3) is still being used.

                                                                                     The major issues that Formula One racing teams face are:

                                                                                                 -  The teams have to travel extensively with little time for recovery.

          -  This industry is very competitive.

          -  The environment is full of stress.

          -  Most modern technology is used

          -  Success of this business is highly dependent on human resources

The results of this sport are mostly dependent on the performance of the people who are participating in it and improvement techniques are similar to any other activity where people are the crucial players.

   Challenges in Formula 1 Racing

               -  In spite of strenuous international travel, the participants have to put in their best performance

               -  The entire environment is charged with a highly competitive spirit

               -  The entire organization needs to be given the expertise.

Formula 1 (F1) racing is not only about racing on weekends but also about a constant research into finding ways and means to enhance reliability, performance and teamwork.

In addition to attaining the maximum possible speed and agility, the team has to strive to attain the ultimate in technical innovation in order to reach the winning position. The teams’ ability to react quickly and effectively is put under test as per the changes in rules, which were introduced in 2003.