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No Rules Rules
No Rules Rules: Netflix and the Culture of Reinvention | Erin Meyer, Reed Hastings
6 posts | 6 read | 9 to read
Netflix cofounder Reed Hastings reveals for the first time the unorthodox culture behind one of the world's most innovative, imaginative, and successful companies There has never before been a company like Netflix. It has led nothing short of a revolution in the entertainment industries, generating billions of dollars in annual revenue while capturing the imaginations of hundreds of millions of people in over 190 countries. But to reach these great heights, Netflix, which launched in 1998 as an online DVD rental service, has had to reinvent itself over and over again. This type of unprecedented flexibility would have been impossible without the counterintuitive and radical management principles that cofounder Reed Hastings established from the very beginning. Hastings rejected the conventional wisdom under which other companies operate and defied tradition to instead build a culture focused on freedom and responsibility, one that has allowed Netflix to adapt and innovate as the needs of its members and the world have simultaneously transformed. Hastings set new standards, valuing people over process, emphasizing innovation over efficiency, and giving employees context, not controls. At Netflix, there are no vacation or expense policies. At Netflix, adequate performance gets a generous severance, and hard work is irrel­evant. At Netflix, you don’t try to please your boss, you give candid feedback instead. At Netflix, employees don’t need approval, and the company pays top of market. When Hastings and his team first devised these unorthodox principles, the implications were unknown and untested. But in just a short period, their methods led to unparalleled speed and boldness, as Netflix quickly became one of the most loved brands in the world. Here for the first time, Hastings and Erin Meyer, bestselling author of The Culture Map and one of the world’s most influential business thinkers, dive deep into the controversial ideologies at the heart of the Netflix psyche, which have generated results that are the envy of the business world. Drawing on hundreds of interviews with current and past Netflix employees from around the globe and never-before-told stories of trial and error from Hastings’s own career, No Rules Rules is the fascinating and untold account of the philosophy behind one of the world’s most innovative, imaginative, and successful companies.
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annahenke
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I was fascinated by this examination of Netflix structure and work culture. Working at a startup, I received this book when I started there. So glad I finally got it finished. Favorite actionable item: the four step framework for giving constructive feedback and how to receive it.

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saurabh_03
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Pickpick

Reed Hastings brought in a culture of high performance and great candor at NetFlix. This book details the journey across two decades of building NetFlix as a global multinational by creating its own unique culture. Authors detail out the key organisational behaviours that made NetFlix a high throughput organisation. Well written with three perspectives presented throughout the book, Reed‘s, outsider perspective by Erin and of employees.

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KateD1
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Pickpick

This book takes a deep dive into the unique Netflix culture. I‘d recommend this book to business owners and creative professionals.

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Nitpickyabouttrains
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Mehso-so

I sort of thought this would be more about Netflix, but it ended up mostly being about corporate culture. Interesting but not super useful if you aren‘t a ceo.

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Yahui07
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Pickpick

I like this book overall. In addition to those interring no rules rules, I like its honesty which is that the authors make it clear that their rules do not fit every industry.

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Vivlio_Gnosi
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Adding this #Nonfiction book about reinventing the rules. #business #creative #first