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Masters of Scale
Netflix’s Reed Hastings: Why culture matters
Jan 18, 2023
Reed Hastings, co-founder and CEO of Netflix, discusses the importance of a strong company culture for scaling success. He shares insights on how Netflix's culture encourages ownership from day one, which has been pivotal in their growth. Hastings highlights innovative employee benefits like the 'Lobatical' for enhancing job satisfaction. He also delves into the famously impactful Netflix Culture Deck, emphasizing honesty, performance expectations, and the significance of cultural fit in hiring to maintain a thriving and diverse workplace.
36:16
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Quick takeaways
- 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.
Deep dives
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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