No businesses can survive for more than decades without highlighting the challenge presented by the competitor in the same field. Overtook the market leader isn\u2019t an effortless task, some may successfully upend the industry over decades, and some others may not get any chances.Take Reed Hastings, co-founder, and co-CEO of Netflix. His entertainment company has experienced increase streaming subscriptions more than eight-fold over a decade and in the past three years, international subscriber shows two times higher than U.S subscribers.Following with the skyrocketing number of the subscriber, the company have reached market value by over 50% as of 2020. It meant Netflix\u2019s recent market capital $238 billion. Conveying Hastings at number 132 on The Forbes 400 with a net worth of $5 billion.Before turning into the most lucrative business, however, Hastings has been waiting for 2 decades for this moment. He has created a strong culture within his digital company. Despite confronting a crisis, this culture finally helps Netflix to upended the entertainment industry.During the crisis in 2001, Hastings face a tremendous funding issue and need to cut expenses. Eventually, Hastings began to identify which employees are high performers, one who keeps thriving despite the rise of workload. He was forced to fire one to third of his employees who merely competent.In contrast, with the remained employees in the company, great ideas and positive energy were evoked and Netflix yielded better outcomes. This problem shaped Hasting\u2019s outlook on leadership and taking care of employees. It also fundamentally altering the company foundation soon called The Netflix Way.Inspired by his experience work with highly competent employees, Hastings with The Netflix Way has been treating his employees as a professional sports team. Group of individuals who extremely competitive and supportive to each other, but not feel resentment when their friend ejected all for\u2026<\/p>","protected":false},"excerpt":{"rendered":"
No businesses can survive for more than decades without highlighting the challenge presented by the competitor in the same field. Overtook the market leader isn\u2019t an [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3100"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3100"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}