Latest Spider Networks News
Nov 8, 2020
BiblioTech CTech's Book Review: How Netflix reinvented people management on its way to becoming a media giant Sompo Digital Lab Tel Aviv's CEO, Yinnon Dolev, discusses his insights after reading "No Rules Rules" by Reed Hastings and Erin Meyer Yinnon Dolev 15:5408.11.20 Format - Audio, Listened to an audio cast while running The book describes how Netflix broke traditional corporate paradigms by creating an untraditional organizational culture that is the foundation of an agile and innovative media giant. Hiring top talent and forming "talent density" allowed it to empower low level employees to make important decisions. Removing corporate controls eliminated dependance on approvals and improved speed. Candid constructive feedback at every meeting, given even by junior employees to senior officers, relieved people from the need to please their bosses. All under one purpose: Do what is best for the company. Reed Hastings provides a personal perspective on how Netflix’s culture evolved over time. His point of view is complimented by dozens of Netflix employees’ personal experiences as captured by researcher and author Erin Meyer. Netlix became a category leader in an existing highly competitive market by having a differentiated content and original productions strategy. The book mostly focuses on the corporate culture aspects of the company without connecting to the content that makes the company so well known. For example, wow did controls removal contribute to the success of "House of Cards"? What was the impact of candid feedback in launching "Breaking bad"? I felt that if Reed Hastings's name was dropped from the title, it could have been any media company. Managers at all levels who are looking to be inspired by Netflix and transform their organizations to become more innovative and agile.