At Netflix, adequate performance gets a generous severance, and hard work is irrel-evant.

At Netflix, there are no vacation or expense policies. Hastings set new standards, valuing people over process, emphasizing innovation over efficiency, and giving employees context, not controls. Hastings rejected the conventional wisdom under which other companies operate and defied tradition to instead build a culture focused on freedom and responsibility, one that has allowed Netflix to adapt and innovate as the needs of its members and the world have simultaneously transformed. This type of unprecedented flexibility would have been impossible without the counterintuitive and radical management principles that cofounder Reed Hastings established from the very beginning.

But to reach these great heights, Netflix, which launched in 1998 as an online DVD rental service, has had to reinvent itself over and over again. It has led nothing short of a revolution in the entertainment industries, generating billions of dollars in annual revenue while capturing the imaginations of hundreds of millions of people in over 190 countries. There has never before been a company like Netflix. Netflix cofounder Reed Hastings reveals for the first time the unorthodox culture behind one of the world's most innovative, imaginative, and successful companies She received an MBA from INSEAD in 2004, and she currently lives in Paris, France.Shortlisted for the 2020 Financial Times & McKinsey Business Book of the Year In 2019, Meyer was selected by the Thinkers50 as one of the fifty most influential business thinkers in the world. Her work has appeared in Harvard Business Review, The New York Times, and. He received a BA from Bowdoin College in 1983 and an MSCS in artificial intelligence from Stanford University in 1988.Įrin Meyer is the author of The Culture Map: Breaking Through the Invisible Boundaries of Global Business and a professor at INSEAD, one of the world’s leading international business schools.

He has sat on the board of several educational organizations including Dreambox Learning, the KIPP Foundation, and the Pahara Institute.

Hastings served on the California State Board of Education from 2000 to 2004 and is an active educational philanthropist. His first company, Pure Software, was launched in 1991 and was acquired just before Netflix launched. Reed Hastings is an entrepreneur who has revolutionized entertainment since cofounding Netflix in 1997, serving as its chairman and CEO since 1999.

Netflix no rule