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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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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
Surveys Ideas & Feedback Insight Request an invite Start listening to your employees PeopleSpark helps you collect ideas and feedback from your employees so you create an incredible company culture.
Learn how to build an incredible company culture - follow us: Twitter Blog Slideshare