7. Failures
1991-1996: Hired a new Sales Vice
President every single year.
1991-1997: Had no managerial experience which
was challenging for him as the CEO.
8. Failures
1991 -1997: He believed he could solve the company's
problems simply by working longer and harder.
He wasn’t confident at his first CEO
position.
9. Achievements
Since 1997: Runs a business
with no process,
but does not have any chaos.
2018: Does not compartmentalize his company.
“We’re like the anti-Apple.”
- Reed Hastings
10. Achievements
He allows healthy debates. “To disagree
silently is disloyal.” -
Reed Hastings
1997: He got a lot of flack for naming his
company Netflix but he knew
the internet would take
over one day and it worked out.
11. • I learned that every CEO will make mistakes and not to be scared
to do so, but be ready to learn from them.
• When running a company it is important tom keep everyone in the
know from CEO to intern.
• I learned you don’t always need the most brilliant people but the
best team-workers.
• I learned that the best ideas can come from anywhere so always be
open minded and aware of your surroundings.
• Don’t ever be satisfied always be ready to work and look for the
new.
What did I learn?
14. Trust
"I pride myself on making fewer and fewer decisions,”.
"Sometimes I can go a whole quarter without making a decision."
- Reed Hastings
15. Listening
"We want people to speak the truth. We said to disagree
silently is disloyal. It's not okay to let a discussion go
through without saying your piece,”.
- Reed Hastings
16. The Leader’s Perspective
• Never settles no matter how good the product is doing.
• Always thinking in the future.
• Ready to take risks.
• Never afraid to compete.
19. References
Kline, D.B. (2015) Netflix CEO Reed Hastings On The Beauty Of Making Mistakes
Retrieved from
https://www.fool.com/investing/general/2015/09/26/netflix-ceo-reed-hastings-on-
making-mistakes.aspx
TED Talk (2018) How Netflix changed entertainment and where it’s headed Retrieved
from https://www.ted.com/talks/
reed_hastings_how_netflix_changed_entertainment_and_where_it_s_headed#t-430056
Brown, M. (2015) Almost fired twice? Netflix CEO Reed Hastings talks about making
mistakes and disrupting tv as we know it Retrieved from
https://www.geekwire.com/2015/almost-fired-twice-netflix-ceo-reed-hastings-talks-
about-making-mistakes-and-disrupting-tv-as-we-know-it/
Hibler, J. (2019) Reed Hastings American Entrepreneur Retrieved from
https://www.britannica.com/biography/Reed-Hastings