Powerful - Building a Culture of Freedom and Responsibility by Patty McCord

POWERFUL - BUILDING A CULTURE OF FREEDOM AND RESPONSIBILITY

        
Patty McCord

  Netflix, Culture, Leadership, Startup

Read and download book summaries of Powerful - Building a Culture of Freedom and Responsibility
Join the discussion on Powerful - Building a Culture of Freedom and Responsibility at MBA Shots.


Recommended by Sirisha Bhamidipati   

Login to join the discussion


It starts with the management culture

A culture of responsibility is the most valuable and is highly stressed throughout the book. Competition is healthy. Unlike a decade ago, employees rarely had any contribution in the process of decision making. But in modern systems, all parties get a view of the situation and share their insights. Every candidate, employee, or manager aims to understand the whole situation. 

Freedom of expression

-Not all employees are fond of constructive criticism but by building such a culture, they might grow to embrace transparency. Radical honesty enhances communication. 

-Netflix has a built-in feedback system for employees to share their insights and present their annual analysis.

-Debates between smaller groups bring a change in the organization because of the input. Since they are not inclined to group thinking, it opens a path to different possibilities and outcomes.

Hire the right people

-Pay less regard to the resume and observe the body language

-Determine if the candidate is a good fit for the team

-Evaluate their motives for joining the organization

-Determine if the candidate succeeds in problem-solving

-Acquiring a big shot should not be criteria. Instead, desire someone whose skills, character and determination can be applied to the team’s vision. 

 

Managing the employees

An organization cannot operate strongly when it's flooding with underachievers. A common and prevailing mistake is that organizations hire people for a position that doesn’t suit their expertise. A leader must oversee if the managerial hierarchy is properly structured. 

Companies should consider paying best in the market for the positions that are the most valuable to the organization. Another common blunder managers make is factoring only what the organization can afford in terms of salary. Try also considering the value that new hires will generate.

COMMENTS ( 0 )       LIKES ( 0 )



Challenging the conventional methods of conducting business

1. Everyone should understand the business-

Successful team accomplishments are made by all team members understanding the ultimate goal and being permitted to creatively solve problems to get there. A business will become rigid if employees regularly seek higher-level approval whenever a decision needs to be made.

2. Adaptability is key-

Without hesitation, Netflix adapted to the growing and changing needs of its customers, and welcomed the transition from DVD rentals to online streaming service. This was possible because Netflix chose not to follow the traditional route.

3. Give freedom and responsibility-

Netflix has much lesser rules than many other organizations because they believe in giving their employees freedom. But remember, freedom only works when accompanied by the obligation of accountability.

COMMENTS ( 0 )       LIKES ( 0 )



Other books being discussed on MBA Shots


The startup way
The Lean Startup
Alibaba - The House JAck Ma Built
The Barefoot Coach
Hooked
Anti Fragile - Things that gain from disorder
The Hard Thing About Hard Things
Inspired - How to Create Products Customers Love
Rework
Good to Great
Atomic Habits
Influence - Science and Practice
And many more.     Join the discussion, today !




MBA Shots has been crafted for you ...


for Professionals

Uplevel your career. Understand how to navigate business challenges.

for Entrepreneurs

Journey of Zero to One is challenging. Take some sherpas along.

for MBA Students

Supplement theory with practice. Stand out during interviews .



... with three focused tracks


Business Basics

E.g. - Pricing, Driving growth, Branding, Product Management, Competing Vs Partnering

Leadership Lessons

E.g. - Building teams, Designing culture, Coaching young managers, Recruiting as a superpower

Personal Progress

E.g. - Career paths, Relaunching my career, Designing a development plan, Managing Reviews