Technology is in service of strategy - Deepstash
Everything I Know About Business I Learned from Netflix

Everything I Know About Business I Learned from Netflix

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Technology is in service of strategy

Technology is in service of strategy

Netflix have changed how customers watch movies and TV shows. This technology has taken a different point of view that changed what customers watch, not just how they watch.

The company collected vast amounts of data on the viewing habits of its subscribers. The collected data creates a rich social system that influences what members watch, based on which shows they've liked in the past and what other subscribers see and like.

If you aim to disrupt an industry

... you should be willing to disrupt yourself.

Netflix reshaped the logic of the entire industry. But the most important thing is how the company transformed itself to fulfil its mission. Initially, it mailed DVDs and then moved to broadcast movies and TV shows digitally. Today, Netflix is ​​better known as a content creator.

Netflix has incurred external scepticism in every strategic move and required an internal rethinking of what worked before.

Strategy is culture. Culture is strategy.

Netflix has invented a range of practices designed to connect the company's goals in the marketplace with how it organizes the workplace.

The company has a detailed statement of its principles, policies, and practices. In the manifesto, it states that "You say what you think, when it's in the best interest of Netflix, even if it is uncomfortable. You are willing to be critical of the status quo."

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