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There are few companies right now that can foretell business competition, the way Netflix can. The company and its Founder Reed Hastings, have been at the forefront of innovation since long. Its talent management and human resources practices are considered so strong, that videos on its work culture have been viewed millions of times on YouTube alone. Several key lessons emerge from how Netflix operates. On the one hand, it is now well known, how impactful Big Data is right now. But when this is combined with innovative ideas, a transformational impact is witnessed. Another lesson is that if companies want to disrupt their own industries, to start off, they need to disrupt themselves. Strategy and culture are intertwined together, and cannot exist as a competitive edge, sans the other.

Source:https://hbr.org/2018/07/to-see-the-future-of-competition-look-at-netflix

Uploaded Date:29 July 2019

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