Photo courtesy of Helge Thomas, Flickr
If you bought $1,000 worth of Netflix shares when they went public in 2004, they would be
worth $82,819 today
That’s an 8,281% return on your money in 11 years, or a
752% return each year
Netflix is a critical mix of three important elements every company needs to
succeed
Innovation and timing are critical, but today we will
focus on the brilliant company culture Netflix founder Reed
Hastings created
Photo courtesy of re:publica, Flickr
Reed Hastings,Netflix Founder & CEO
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Before we continue...
Here are our top 10 take aways from Netflix’s culture
deck
Flexibility is more important than efficiency over the long
term
1
Titles aren’t prestigious and are not a way to measure the
impact you have on the company
2
People are paid relative to their market value, not to
keep up with their co-workers
3
It’s up to you, the individual, to manage your career path - not the management team
4
The best managers spend most of their time focused on context not
control
5
Everyone should behave and make decisions like they are the owner of the company
6
Focus on the result, not the process - as long as the result is
great, who cares about the process?
7
Have a bias towards action and don’t get stuck in “analysis
paralysis” - just do it
8
Respect everyone in the company, regardless of their
status or title
9
Look to your employees to create and suggest ideas that
will drive the company forward
10
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