Legal Blog

Read | Delete – 2.10.14

Netflix’s Management Philosophy: Treat people like”fully formed adults.”

An example: Netflix departed from a formal travel and expense policy and decided to simply require adultlike behavior. The company’s entire expense policy is five words long: “Act in Netflix’s best interests.” Employees are trusted to spend money frugally, as they would their own and book their own trips instead of using a travel agent. Result: Eliminating a formal policy and foregoing expense account police shifted responsibility and reduced costs. Source: “How Netflix Reinvented HR,” Patty McCord, Harvard Business Review, Jan. -Feb. 2014, pp. 71 – 76. ________________________________________________________________________________________________________ Got an interesting Fast Fact for a business audience? Please send and share it with our 1,623 subscribers. Thank you. Mike