In: Operations Management
Can someone assist me with this, please? Read the information below.
Netflix is a company that beliefs in people over process.
Eight substantive culture-changing actions that the company has undertaken in the last five years are:
1. Create the Team You Need
In Netflix, managers can create the team according to their wants. They are responsible for things:
And from this cultural changes Netflix has gets the results.
2. Ditching Performance Reviews in Favor of 360-reviews
Netflix providing an honest review to the employees as well as the customers instead of ding the coating sugar. Managers regularly have a conversation with team members and they give them the honey 360 reviews.
3. No Time Off’ Policy
Netflix provides the salaries on the basis of the honor system instead of standard time off policy. This will allow the employees to take off according to their wants.
4. Hire Only “A” Players and Always Expect the Best
In Netflix corporate culture they always hire the best people and do everything to keep them happy
5. Encourages ownership through flexibility
Netflix encourages ownership through flexibility. Employees on Netflix can take unlimited holidays but as they hire the best. Employees never take the abusive advantage of it.
6. The policy of brutal honesty helps to build trust between colleagues, as well as with the management.
Netflix makes policies on the candid offers also. It helps the ones who never come to the face for the suggestion
7. Freedom + Responsibility = Success + Happiness
Netflix believes that if companies give freedom to the employees with the responsibility they will give you success and happiness in return.
8. Netflix core values
Netflix believes that instead of focusing on the company values. The company should focus on the behaviors and skills. Netflix's core values are Communication, Impact, Curiosity, Innovation, Courage, Passion, Integrity.
These are the eight substantive culture-changing actions that the company has undertaken in the last five years.