No Rules Rules Summary in English

Описание к видео No Rules Rules Summary in English

FREE book summary of No Rules Rules by Erin Meyer, Reed Hastings
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The year was 2000, and Reed Hastings was shaking in his boots as he stood to meet with the CEO of Blockbuster. The company, which boasted 9,000 worldwide stores at the time, was nearly 1,000 times as large as Hastings' own Netflix — a scrappy upstart that sold DVDs out of the founder's garage.Hastings and his partner pitched the CEO of Blockbuster, stating that Netflix should be bought for $50 million but the CEO refused to listen.The world was changing, and Blockbuster couldn't keep up with the times. The video rental giant was unable to identify new business models and failed to understand that Netflix wasn't just competing with Blockbuster — it was offering a better product.Blockbuster didn’t know how to react to the new threat on the market, and by the time it figured out what was happening, it was too late.Hastings believes that Netflix's unique culture is the key to its success. Netflix gives staff freedom.
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