Exploring Netflix’s Unique Culture and Values
Netflix is one of the most popular streaming platforms worldwide. With millions of subscribers, it has significantly affected the film and television industry. The company embodies innovation, excellence, and unconventional thinking, and its unique corporate culture has been the topic of discussion for many. In this article, we will explore Netflix’s culture and values that set it apart from the rest.
Netflix Culture Deck
Netflix’s corporate culture is widely known as the “Netflix Culture Deck.” Originally created in 2009, it is a document that welcomes an open, honest, and mutually respectful environment where employees can be creative and productive.
The Culture Deck introduces ten core values such as “judgment,” “freedom and responsibility,” and “context, not control.” These values communicate how Netflix employees should operate, both individually and as a team. The company encourages using these values to apply for promotions, posting on the internal network, and interacting with colleagues and customers.
Apart from these values, one of the unique characteristics that the Culture Deck emphasizes is freedom in the workplace. Netflix does not have fixed working hours, and employees do not track vacation days. This may sound unrealistic at first glance, but Netflix values the importance of flexibility, and it has attracted and retained talented employees who share its values.
Leadership
Netflix also focuses on transforming its leadership style. The company advocates that “great leaders hire, develop and cut smartly, so we have stars in every position”(Netflix Culture Deck).
One of the most popular Netflix’s leadership practices called “keeper test” is used to evaluate employees’ performance and potential. This practice drives managers to prioritize their employees’ needs and align their development plans. A manager must ask: If an employee told you that they were leaving the company, would you fight to keep them?
Decision-Making
During decision-making processes, Netflix culture’s emphasis is placed on several key principles. Firstly, decisions should be data-driven, and secondly, the Company encourages “every decision be made at the lowest possible level by the person closest to the issue.”(Netflix Culture Deck).
Moreover, the company emphasizes extensively on accountability, which means everyone who makes decisions at Netflix is responsible for their results, both positive and negative.
Company Events
Netflix’s corporate culture also includes numerous events and sessions that encourage communication and collaboration across all departments. These include the quarterly talent reviews, where the senior management team shares performance observations with employees, and the yearly Netflix Employee Forum, where individuals come together to discuss strategies to improve the company.
Conclusion
In conclusion, Netflix’s unique corporate culture is focused on employees’ freedom, flexibility, accountability, and decision-making processes. It fosters innovation and collaboration, leading to the company’s remarkable success. These values have created a culture of high performance, which has helped Netflix stay ahead of its competitors. The company continues to innovate to retain top talent and deliver the best possible experience to its subscribers.
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