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- Technological shifts can dramatically change established practices, requiring both fast and slow innovation to adapt and stay relevant.
- Building a strong company culture involves hiring individuals who fit the culture, fostering collaboration and innovation.
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The Importance of Recognizing Technological Shifts
Reed Hastings, CEO of Netflix, discusses the significance of technological shifts and their impact on industries. He uses the example of the rise of the automobile in comparison to the horse and carriage, highlighting how innovations can dramatically change established practices. Hastings emphasizes the need for both fast and slow innovation in order to adapt and stay relevant in a changing landscape.
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