Skip to main content

Practical ideas for strong growth and talent retention revealed by Netflix

A couple of years ago, Netflix published a summary of its management philosophy.
This philosophy had already helped the company grow from a tiny DVD-by-mail company to a multi-billion-dollar disruptive behemoth. And Netflix has boomed since then.
Several aspects of the management philosophy were instantly controversial.
For example:
  • No vacation policy (take as much as you want, as long as you're doing a great job and covering your responsibilities).
  • "Outstanding" employees only--doing an "adequate" job leads to your getting a "generous severance package," so the company can hire an A-player in your place.
  • "Freedom and responsibility" vs command-and-control: Good managers give their employees the right context in which to make decisions--and then the employees make the decisions.
  • No "brilliant jerks" -- Star performers who also happen to be hell to work with are sent packing.
And so on...
Netflix's philosophy immediately triggered violent debates, including on this site. For example, we asked readers (and employees) whether we should eliminate our traditional vacation policy and fire everyone who was doing just an adequate job. We heard passionate responses on both sides.
Well, now Netflix has just released an updated culture and management philosophy, one that takes into account another two years of operating experience, as well as all the feedback the company got on its prior philosophy.
As with the original version, the new Netflix philosophy turns a lot of conventional wisdom on its head. But the approach and logic is extremely compelling. Having read the new deck, in fact, it is once again no surprise to us why Netflix is doing so well.
Netflix's logic is so compelling, in fact, that we're considering adopting the Netflix philosophy here at Business Insider. We're already doing many of these things anyway. And now that Netflix has articulated them in such detail, we figure we might as well jump aboard for the ride.
We've included the presentation below. We look forward to hearing your thoughts.
Read more: http://www.businessinsider.com/netflix-culture-management-presentation-2011-7?IR=T

Comments

Post a Comment

Popular posts from this blog

Best IELTS and English language training institutions in Hyderabad

IELTS stands for International English Language Testing System. As the name implies it is basically an English test for testing the proficiency of the language in an individual.  Training for IELTS can be taken to pass the IELTS exam or to develop good english language skills. I am giving the training institute addresses for Hyderabad. The test system is jointly managed by the British Council,IDP education ltd and University of Cambridge ESOL Examinations and more than 1 million candidates are taking the exam all over the world. The test has two versions : 1. Academic 2. General training Academic  version is for people who plan to continue their higher education by enrolling in universities in countries like US,UK,Australia,Canada,New Zealand etc.The academic institutions in these countries consider the IELTS score as a criteria for the admission process. General training is mostly for immigration purposes in countries like Australia,New Zealand,Canada etc. It may also be u
9 comments
Read more

Communist party launches 'China Operating System' to oust iOS and Android

hina officials have launched a national operating system in an attempt to take back control of the country’s computer market from American companies such as Google and Apple. The software has been in development for more than a year, but has been released at a crucial time with revelations about US-led surveillance sparking fears over the integrity of American-designed software. Known simply as the China Operating System, or COS, the software can run on PCs, tablets and smartphones and has been based on the open-source Linux operating system. Chinese media say that the OS has been created “entirely independently” in order to provide better localization for a range of features – from Chinese-language keyboards, to integration with the country’s banks. At the launch of the event, one of the developers involved with the project reportedly criticized Western software , saying that Apple’s iOS was too closed, that Google’s Android OS suffered from fragmentation (ie, too many versi
Post a Comment
Read more