Most of us are so wrapped around efficiency in management that we don’t sufficiently value flexibility, we’re willing to take some inefficiency narrowly and in edge cases to create an environment that’s extremely flexible because we think that outperforms in the long term.

Reed Hastings

Categorized in : U.S.

Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right.

crazy business stupid

Companies rarely die from moving too fast, and they frequently di... by Reed Hastings

Companies rarely die from moving too fast, and they frequently die from moving too slowly.

company dies moving

The best managers figure out how to get great outcomes by setting the appropriate context, rather than by trying to control their people.

outcomes trying people

Do not tolerate brilliant jerks. The cost to teamwork is too high... by Reed Hastings

Do not tolerate brilliant jerks. The cost to teamwork is too high.

brilliant cost teamwork

Be brutally honest about the short term and optimistic and confid... by Reed Hastings

Be brutally honest about the short term and optimistic and confident about the long term.

optimistic entrepreneur long

If the Starbucks secret is a smile when you get your latte... ours is that the Web site adapts to the individual's taste.

smile taste secret

Tomorrow when you come to work, if it doesn't make the customer happy, move the business forward, and save us money - don't do it.

tomorrow customers moving

I learned the value of focus. I learned it is better to do one product well than two products in a mediocre way.

focus two way

I got the idea for Netflix after my company was acquired. I had a big late fee for Apollo 13. It was six weeks late and I owed the video store $40. I had misplaced the cassette. It was all my fault.

faults video ideas

Human entertainment will have moved on to something new. Then the ultimate challenge for us is, can we figure out what that new form of entertainment is?

moved-on entertainment challenges

Taking smart risks can be very gratifying. by Reed Hastings

Taking smart risks can be very gratifying.

smart risk

Don't be afraid to change the model. by Reed Hastings

Don't be afraid to change the model.

life-changing change life

The Netflix brand for TV shows is really all about binge viewing. The ability to get hooked and watch episode after episode.

netflix tv-shows watches

Truly brilliant marketing happens when you take something most people think of as a weakness and reposition it so people think of it as a strength.

business success thinking

When there's an ache, you want to be like aspirin, not vitamins. Aspirin solves a very particular problem someone has, whereas vitamins are a general "nice to have" market.

aspirin nice want

Be big, fast and flexible. by Reed Hastings

Be big, fast and flexible.

flexible life-lesson bigs

But as an entrepreneur you have to feel like you can jump out of an aeroplane because you're confident that you'll catch a bird flying by. It's an act of stupidity, and most entrepreneurs go splat because the bird doesn't come by, but a few times it does.

entrepreneur stupidity bird

Stone Age. Bronze Age. Iron Age. We define entire epics of humani... by Reed Hastings

Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use.

iron technology epic

Broadcast TV is like the landline of 20 years ago. by Reed Hastings

Broadcast TV is like the landline of 20 years ago.

years-ago tvs years

I think there will be 20 years of evolution from linear broadcast... by Reed Hastings

I think there will be 20 years of evolution from linear broadcast to internet television.

television years thinking