When Hastings first devised them, the implications of these principals were unknown, but over time they have inculcated flexibility, speed, and boldness throughout an outrageously successful organization. At Netflix, employees never need approval, and the company always pay top of market. At Netflix, you don't try to please your boss, you practice radical candor instead. At Netflix, adequate performance gets a generous severance and hard work is irrelevant. This meant rejecting the conventional wisdom under which other companies operate. When Reed Hastings founded Netflix, he developed a corporate philosophy and a set of management principles, which would make Netflix the most innovative company in the world. Netflix is a revolutionary company because of a counterintuitive and radical management culture, which defies tradition and expectation. Not just because it leads the media, technology, and entertainment industries alike or because it generates billions of dollars of annual revenue, from over 151 million users in 190 countries. There's never before been a company like Netflix.
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