No Rules Rules- Netflix and The Culture of Reinvention — Book Review - Deepstash
No Rules Rules- Netflix and The Culture of Reinvention — Book Review

No Rules Rules- Netflix and The Culture of Reinvention — Book Review

Curated from: link.medium.com

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Journey of Netflix in brief

There has never been a company before with a work culture like that of NETFLIX. From the time Netflix launched as a DVD rental service in 1998 to be one of the most loved and subscribed OTT platforms globally, this journey of Netflix is one of the most interesting stories that anyone can get to know about.

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How Netflix kept adjusting to dynamism?

Originally NETFLIX started as an online DVD renting company but as the business environment continued to be dynamic, NETFLIX kept adapting to the dynamism by implementing policy and rules which were never heard of or even tested before. It had continuously re-invent itself to cope up with the advancement of technology and changing tastes and preferences of the people.

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Reed Hasting's way of formulating unique policies

Reed Hasting defied the culture of conventional orthodox rules and policies that other companies follow to operate, instead, he focused on developing a culture of Freedom & Responsibility, valuing people over processes, focusing on innovation over efficiency. Sounds out of the box? Doesn’t it?

Hastings believes in the policy of providing the employees with the context within which they have to act instead of giving them orders and controlling their actions. Not only this but he also believes that there should be a candor environment in the company, and the employees should give candid feedback not only to their colleagues but also to their seniors.

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What does the book really give us an idea about?

Written by Erin Meyer this book gives us a deep and detailed insight into the journey of Netflix which started as a DVD rental service to being a company with more than 7000 employees across the globe, producing its own award-winning Movies and TV shows, forming an unconventional & unorthodox work culture making it one of the world’s most innovative, imaginative, and incredibly successful company where the approach of “Don’t seek to please your boss” is followed.

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IDEAS CURATED BY

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