Reed Hastings, the co founder and chief government officer of Netflix Inc. conquered Hollywood with a PowerPoint presentation to become a leading viewing platform globally.
Hastings had to reply to a query of three years now that stated how he managed to create the world most preferred TV service (NETFLIX) : “How did a small DVD-by mail firm construct the preferred TV service on the planet”
There’s not a nostalgic bone in his body,” says Patty McCord, a former worker and longtime friend made the statement.
Hastings decide to put it in a e-book, as it provided nice insights on everything he wanted to talk about, as “He covered all the acquisitions that went well and none of the disastrous ones” Hastings view.
When Hastings first launched the tradition slideshow, the presentation inspired staff criticizing each other for the sake of transparency, and it was advisable that managers do away with employees whose efficiency was “merely satisfactory. “Oh God. You’ll scare away all our candidates. ”Ultimately, nevertheless, it filtered out the candidates who have been improper for the corporate. “It made discussion and hiring very different,” McCord says. “It wasn’t just talking about whether or not you were qualified but whether or not you liked to be independent. Do you deliver when you say you will?”
At a point, Hastings and McCord quickly realized that Netflix might do extra with much less.
Hastings was inspired by books resembling “The HP Way” and “Beyond Entrepreneurship,” Hastings selected to put in writing about what he says is the true key to Netflix’s success, its tradition.
Netflix tradition is already an object of fascination for Silicon Valley and Hollywood ever since Hastings launched a 127-page PowerPoint presentation on the subject in 2009. That slide deck has since been considered greater than 20 million instances and hailed by Facebook Inc. Chief Operating Officer Sheryl Sandberg as maybe crucial doc ever to return out of Silicon Valley.
Hastings is keen on speaking about how few choices he makes, suggesting that his job is little greater than reducing ribbons and kissing infants.