Netflix is a premier streaming network that took the world by storm a decade ago and today, it has consumers of its content in 190 countries. Netflix has been able to reinvent work culture, that is one of the reasons why it has become so successful. In this video, we will show you how it has been able to do this successfully.
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The growth Netflix has witnessed over the years has been extraordinary and so has its financial growth. When Netflix first went public in 2002, its share price was sold for $15 a share. However, in 2020 at the height of the pandemic, it skyrocketed to $500 a share. Netflix has been able to become so successful because of how it has been able to transform the way people watch entertainment shows on television. Netflix' success story is well documented in a book co-authored by Founder, Reed Hastings and Erin Meyer.
In the book, titled No Rules, Hastings and Meyers spell out the unorthodox style that has brought Netflix so much success. The way it manages its employees by giving them unusual levels of freedom and responsibility is unprecedented in the modern corporate workplace. Employees enjoy unlimited vacation time besides the fat salaries they are paid to be members of the Netflix family. How has it been able to do this?
Thanks for watching our video: How Netflix Reinvented Work Culture
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