What We Can Learn From Netflix

Dateline: December 18, 2015

Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.


It’s hard to argue with the success that Netflix has had.  A recent Inc. column highlighted things Netflix did that we can learn from.  The column, The Secrets Behind the Extraordinary Success at Netflix, was written by Justin Barios, but based on a LinkedIn blog by former employee, Barry Enderwick,  Here are the five things they did right:

1.  Maintain Bias to Action- Don’t be afraid to change strategies to find the one that works. Doing so not only provides long-term direction but can give you a competitive advantage.

2.  See the Big Picture- A well-researched brand position simplifies complex issues and provides strategic guidance.

3.  Read and React to Market Shifts- Mike Tyson once famously said, “Everyone has a plan. Until they get punched in the mouth.”  No one can predict the future, but you can learn to anticipate market changes, react quickly, and not settle for short-term gains that sink long-term goals.

4.  Don’t be Afraid to Reverse a Decision- It might hurt to reverse a decision you’ve invested in, financially and emotionally. But if it’s the best decision for your company, it’s worth the pain.

5.  Culture must be Built From the Ground Up-  Culture isn’t composed of written words. It’s proved by actions. It must be lived by employees.  And it all starts with the leadership team.

How many of these does your business organization follow? 

That’s a WRAP!  Have a great weekend!

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