Reed Hastings shares the 3-word tactic that helped make Netflix a $240 billion company—it's called ‘farming for dissent'

"If you're a leader, it's important to farm for dissent, because it's not normal to disagree with your boss, right? we learn deference," Hastings said. But because companies often need new ideas and fresh strategies to grow, employees need to be"willing to argue" with their managers at times, he added.

"We didn't do much farming for dissent in those days," said Hastings."I was messianic, convinced this is the right move ... and, it turned out that lots of people had severe doubts, but they didn't know the other executives had doubts." "We make everyone , 10 to -10, whether they think it's a smart idea," Hastings said."If we had done that at the time , we would've seen tons of -7, -6, -8, and that would've been shocking."

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix Co-Founder Reed Hastings Buys Powder Mountain Ski AreaReed Hastings, the billionaire co-founder and former CEO of Netflix, has purchased Powder Mountain in Utah and plans to transform it into a private club for wealthy homeowners. Despite his limited knowledge of the ski industry, Hastings is eager to disrupt the market.
Source: sltrib - 🏆 316. / 61 Read more »

Netflix co-founder swears by ‘great business philosophy' from Jeff Bezos: ‘Take a lot of risks on things that are recoverable'Amazon founder Jeff Bezos believes that most risks are reversible, and therefore worth taking. Netflix co-founder and chairman Reed Hastings agrees.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Netflix co-founder swears by ‘great business philosophy’ from Jeff Bezos: ‘Take a lot of risks on things that are recoverable’Amazon founder Jeff Bezos believes that most risks are reversible, and therefore worth taking. Netflix co-founder and chairman Reed Hastings agrees.
Source: CNBC - 🏆 12. / 72 Read more »