Section A: Read the case attached and answer the all questions.

Formula $1$: Unleashing the Greatest Racing Spectacle on

the Planet

by:

Ben Shields and Cate Reavis

Source : MIT Management Sloan School

Case Overview:

Formula $1($F$1)$ has made a firm commitment to achieving carbon neutrality by the year $2030,$ in response to the urgent global climate change challenge and the ongoing developments in the automotive industry. In order to accomplish this, F$1$ has implemented a range of sustainability measures, including the development of hybrid power units, the utilisation of sustainable fuels, and the investment in green technologies. In addition, F$1$ strives to preserve its competitive advantage and appeal to a varied, younger audience by implementing inventive race structures, improving digital interaction, and embracing inclusive policies. Nevertheless, Formula $1$ encounters substantial obstacles in reconciling its financial interests with its sustainability objectives. The organisation must successfully address technology problems, adhere to regulatory compliance, adapt to market trends, and overcome any pushback from traditional supporters. In order to tackle these difficulties, the leadership of F$1$ must assess and adopt strategic decision$-$making models that take into account the intricate interplay of these aspects.

Question $1$

Considering F$1\text{'}$s commitment to sustainability and innovation, compare and contrast two strategic decision$-$making models that F$1$ could use to balance its commercial interests with its sustainability goals. Discuss the strengths and weaknesses of each model. $(20$marks$)$

Question $2$

Critically review how Carey, Brawn, and Bratches' strategic initiatives transform F$1$ from a motorsport into a global entertainment brand? $(20$marks$)$

Question $3$

Assess the dynamic capabilities framework to F$1\text{'}$s sustainability initiatives. How can F$1$ leverage its resources and capabilities to achieve its carbon neutrality goal while maintaining a competitive edge in the motorsport industry?$(20$marks$)$

Question $4$

$4$a$)$ Conduct a stakeholder analysis for F$1$ and discuss how the interests and influence of different stakeholders impact F$1\text{'}$s strategic decision$-$making process. $(10$marks$)$

$4$b$)$How can F$1$ address stakeholder concerns while pursuing its sustainability and innovation objectives?$(10$marks$)$

Question $5$

Assuming you are presenting F$1$s sustainability strategy to a group of key stakeholders. How would you effectively communicate the key results and recommend appropriate strategic actions? Provide an outline of your presentation and its content.$(10$Marks$)$

Section B

Students are required to write individual reflection report $(500-$ words$)$ as part of this assignment. $(10$ marks $)$

Reflect on your decision$-$making process during the strategic management simulation. What were your key takeaways, and how did your understanding of strategic models and stakeholder management evolve? What would you do differently in future scenarios? The individual reflection report must contain your own view and assessment of Strategic Management exercise, your contribution to the work as a whole detailing the specific Knowledge area you worked on and its importance to the success or otherwise of the project as a whole, and the lessons you have learned, the challenges encountered working as a group and giving the chance what you would have done differently among other