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Summary of No Rules Rules 

4.6 . 6687 reviews

Short summary

Reed Hastings is the co-founder and CEO of Netflix, Inc. For the first time ever, he is making public the secrets behind the company's unprecedented success. These key principles are distilled into short chapters you can easily digest and implement. Some of them sound so simple you wonder why you haven't thought of them, while others will contradict the business norms you've grown up to believe. No Rules Rules is a worthy read for anyone who wants to learn how Netflix did it and how you, too, can apply the lessons in their organization. It's a summary for business leaders, enthusiasts, and curious minds. Erin Meyer, the co-author of “No Rules Rules,” is a business professor at INSEAD, one of the top international business schools in France. She is also the author of “The Culture Map: Breaking Through the Invisible Boundaries of Global Business.”

Table of content

  • Summary of No Rules Rules
  • About the author
  • What is No Rules Rules about?
  • Who should read No Rules Rules
  • Topics in No Rules Rules
first key point

When it comes to business and career, don't just follow your passion; curiosity is important too

Listen the first key point
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Blockbuster was the biggest movie rental company in the world in the 1990s. The company made most of its money by charging customers when they fail to return cassettes on due dates.

Reed Hastings wasn't comfortable with that business model. To him, making money out of customers' stupidity was a wrong way to build loyalty. So, he wondered if there was a way to serve the market with a different model.
Be open to exploring new paths in your business and career.
That was how the idea for Netflix was born. Reed Hastings experimented with several strategies that didn't work. Then he learned that DVDs were coming out. Sensing a good opportunity, he and Marc Randolph, his partner, created a website where customers could order movies and have them delivered to their mail.

The company has outgrown those days and is now a global force in the movie industry. Reed Hastings and Marc Randolph built the company from scratch, and there were things they did or didn't do that make Netflix what it is today.

In the following pages, you will learn Netflix's philosophies for hiring and retaining top talent, building high-performance teams, and creating an exceptional work culture, as well as their strategies for global domination. Let's get started.
second key point

Talent density influences your company's success more than anything else

Every company aims to hire qualified employees, basic management, and business principles. Pretty much every business leader and recruiter are good at this. However, you can't stop at hiring good employees if your aim is to build a great organization.
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third key point

Give your employees the freedom and trust they need to succeed

fourth key point

Companies that pay well will attract and retain exceptional talent

fifth key point

Bonuses don't guarantee productivity

sixth key point

Businesses should be run by team players, not family members

seventh key point

Conclusion

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What is No Rules Rules about?

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.