AN F1 team's operations are not unlike that of a well-oiled factory.

The high pressure to deliver parts on time and iron out the slightest inefficiencies power a constant chase to tune and re-tune operations to keep ahead of competition, said Patrick Louis, former CEO of the Lotus F1 team in an interview with BizIT.

Mr Louis stepped down from the CEO's job in January, but remains on the board of the Lotus F1 team. He joined as chief operating officer in 2010 from Genii Capital, when the latter bought the operation from Renault, and moved up to the CEO role.