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Inside Netflix: The Company Culture That Created a $37B Business

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Today Netflix is worth $37B and growing. But when the company was started back in 1997, founder Reed Hastings knew he wanted to create a company culture that brought in (and rewarded) the best people for doing great work.

To understand the inner workings of the Netflix culture, we have to look beyond the headlines, the share price and the hype and understand what makes the culture tick - without the day-to-day involvement of the founder.

Today we'll look at the 10 most critical take aways from everything that's ever been written about the Netflix company culture. If you want happier, more fulfilled employees then pay close attention.

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Inside Netflix: The Company Culture That Created a $37B Business

  1. If you bought $1,000 worth of Netflix shares when they went public in 2004, they would be worth $82,819 today
  2. That’s an 8,281% return on your money in 11 years, or a 752% return each year
  3. Netflix is a critical mix of three important elements every company needs to succeed
  4. Innovation and timing are critical, but today we will focus on the brilliant company culture Netflix founder Reed Hastings created
  5. Learn how to build an incredible company. Follow us: Twitter Before we continue... Slideshare
  6. Here are our top 10 take aways from Netflix’s culture deck
  7. Flexibility is more important than efficiency over the long term
  8. Titles aren’t prestigious and are not a way to measure the impact you have on the company
  9. People are paid relative to their market value, not to keep up with their co-workers
  10. It’s up to you, the individual, to manage your career path - not the management team
  11. The best managers spend most of their time focused on context not control
  12. Everyone should behave and make decisions like they are the owner of the company
  13. Focus on the result, not the process. As long as the result is great, who cares about the process?
  14. Have a bias towards action and don’t get stuck in “analysis paralysis” - just do it
  15. Respect everyone in the company, regardless of their status or title
  16. Look to your employees to create and suggest ideas that will drive the company forward
  17. Transform Your Culture Know how your team is feeling every week and catch issues before they become a big deal. Learn more about PeopleSpark
  18. Learn how to build an incredible company. Follow us: Twitter Slideshare

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