Inside the Netflix Culture: The Importance of Its Core Values
Netflix, a popular streaming platform that has changed the way we watch television, has created a cult-like following among its customers. Its success is not just due to the range of content it offers, but also because of its unique workplace culture. This article will explore the importance of Netflix’s core values and how they have contributed to its success.
Background
Netflix was founded in 1997 as a DVD-by-mail service but has since morphed into an online streaming giant that operates in over 190 countries. The company has been successful in disrupting the traditional television and movie industry, but its impact is not just limited to the media space. Netflix has also been able to build an unparalleled workplace culture, thanks to its unique set of core values.
Netflix’s Core Values
Netflix has a famous 127-page slide deck outlining its company culture, which is available online. In it, the streaming company lists its seven core values: judgment, communication, impact, curiosity, innovation, inclusion, and integrity.
Netflix’s CEO, Reed Hastings, believes that the company’s core values are the secret to its success. The company takes its values seriously and has integrated them into every aspect of its business operations.
Impact of Core Values
Communication is one of Netflix’s most significant core values. Hastings believes that the free flow of information is essential to the success of any business. To foster open communication, Netflix has done away with performance reviews and instead relies on “360-degree feedback.” This means that employees receive feedback not just from their superiors but also from their peers and subordinates.
Curiosity is another core value that has contributed to Netflix’s success. The company encourages its employees to ask questions and challenge the status quo. This has led to the creation of innovative products and services that have helped Netflix stay ahead of the curve.
Inclusion is another core value that Netflix takes seriously. The company promotes diversity and inclusivity in its hiring and promotions. This has helped create a workplace culture where people from diverse backgrounds feel valued and can contribute to the company’s success.
Conclusion
In conclusion, Netflix’s success is not just due to the range of content it offers. The company’s workplace culture, driven by its core values, has played a significant role in its success. By integrating its values into every aspect of its business operations, Netflix has been able to create a vibrant and innovative workplace culture that promotes diversity, open communication, and an unwavering commitment to excellence.
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