'Argue With Managers': Netflix Co-Founder Shares What Made The $240 Billion Company A Success
Netflix co-founder and chairman Reed Hastings shared a simple three-word tactic on a recent podcast that helped turn Netflix into a $240 billion company: "Farming for dissent."
Disagreeing with manager will bring forth new ideas, says Hastings
On a recent episode of entrepreneur Tim Ferriss' podcast, "The Tim Ferriss Show," Netflix co-founder Reed Hastings shared insights on effective leadership.?
He emphasised the importance of seeking critical feedback, even coining a three-word term for the practice: "Farming for dissent."
According to Hastings, it's crucial for leaders to actively encourage dissenting opinions because it's not typical for employees to disagree with their superiors.?
In many workplaces, there's a tendency to defer to authority. However, in order for companies to innovate and thrive, employees must feel comfortable challenging conventional wisdom and offering alternative perspectives.
To foster this culture of constructive dissent, Hastings suggested that managers ask their team members questions like, "What are three things you would do differently if you were in my position?"?
This approach encourages open dialogue and helps generate fresh ideas.
Hastings also highlighted Amazon founder Jeff Bezos' practice of reading reviews from dissatisfied customers as a way to uphold high standards within the company.?
This commitment to seeking out criticism and feedback has been instrumental in shaping Netflix's success and maintaining a culture of innovation.
Earlier, Shark Tank judge Namita Thapar had echoed the same viewpoint.
She had taken to X to share, "Culture of dissent unleashes creativity and innovation. Yes, men and women, herd mentality kills it. I have seen good leaders who get told often that they are wrong... they think, accept and adapt."
Who is Reed Hastings?
Reed Hastings is a billionaire American entrepreneur and the co-founder and CEO of Netflix, one of the world's leading streaming entertainment services.?
He played a pivotal role in transforming Netflix from a DVD rental service into a global streaming platform, revolutionising the way people consume entertainment.
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