IndyCar Maxim #3

Roggespierre's Maxim #3
Courtesy of Ken Homa, Georgetown University McDonough School of Business

"There are four keys to effective supply chain management."

1. Smooth synchronization of activities
2. Fact-based evaluation of performance
3. Fair compensation for services
4. Authentic commitment to partnership

Much more from Professor Homa, a brilliant marketing guy (and Prof of Roggespierre) can be found here.

IRL management, please pay particular attention to numbers 2 and 3 from Professor Homa.

2. It is a fact that your production costs exceed the price at which your product can be sold.
3. Fair compensation for services would include distributing appearance money based on product value (i.e. a driver that consumers actually want).

Who at the IRL has the analytical skills to make data-driven decisions? Who has the courage to stare down the bullies? Who can articulate what IndyCar is and what it is not? Who has the charisma to explain controversial choices to those who disagree?

We know who runs the racing and who does the selling. But who is managing the product? Who is managing the firm? Does anyone at IMS know the answers?

Roggespierre