Francisco "Frank" J. López’s Post

Big Data + Big Ideas: Technology paired with innovation drives success.

I liked this phrase of this article “Big data is powerful, but big data plus big ideas is transformational”

"Last year, the company updated its manifesto on Netflix Culture, a detailed statement of its principles, policies, and practices with respect to the human factor in business. What’s unusual about the manifesto is how sharp the language is; there is no hint of HR boilerplate. “Many companies have value statements,” it begins, “but often these written values are vague and ignored. The real values of a firm are shown by who gets rewarded or let go.” So what kind of people get rewarded at Netflix? “You say what you think, when it’s in the best interest of Netflix, even if it is uncomfortable,” the manifesto says. “You are willing to be critical of the status quo” and “You make tough decisions without agonizing.” Moreover, “You are able to be vulnerable, in search of truth.” The essential point: Great companies understand that they have to work as distinctively as they hope to compete." https://lnkd.in/euKdn4BY

Big data is powerful, but big data plus big ideas is transformational.

Drawing from Netflix's insightful cultural manifesto, these principles resonate deeply, particularly in today's volatile market landscape: 1. “You’re willing to be critical of the status quo” Being critical of the status quo not only fosters innovation but also ensures that we continually evolve and adapt to meet the ever-changing demands of the industry. 2. “You make tough decisions without agonizing” In todays fast-paced environment, the ability to make tough decisions swiftly and decisively is a hallmark of effective leadership. By avoiding unnecessary agonizing, we maintain momentum and empower ourselves to navigate challenges with clarity and purpose. 3. “You’re able to be vulnerable in search of truth” Cultivating an environment where vulnerability is not only accepted but encouraged is essential for fostering genuine collaboration and growth. Being open to vulnerability in our quest for truth allows us to unearth deeper insights and forge stronger connections, ultimately driving our collective success in today's competitive market conditions. Let's embody these principles as we navigate the complexities of today's market, forging a path towards innovation, resilience, and shared success. #Leadership #Innovation #Resilience

Here are a couple of things Netflix understands about business that many companies are still trying to figure out: Customer Obsession: Netflix prioritizes understanding their customer base. They gather data on viewing habits and preferences to deliver a personalized experience and curate content recommendations. This data-driven approach allows them to constantly innovate and adapt their offerings to what customers want. Many companies struggle to move away from traditional models and truly understand their customer base in a constantly evolving market. Focus on Talent: Netflix is known for its strong company culture that emphasizes freedom and responsibility. They attract and retain top talent by creating an environment that fosters creativity, ownership, and professional growth.This focus on talent empowers employees and fuels innovation. Many companies still rely on hierarchical structures and micromanagement, stifling creativity and hindering their ability to attract the best people. These are just two examples, but they highlight Netflix's commitment to understanding their customers and empowering their workforce, which are two key ingredients to success in today's business landscape.

1️⃣"Big data is powerful, but big data plus big ideas is transformational." 2️⃣"If you aim to disrupt an industry, you must be willing to disrupt yourself." 3️⃣"Strategy is culture, culture is strategy." #BigData #Disruption #Culture

Just read an insightful article by Harvard Business Review on how Netflix continues to revolutionize the entertainment industry. The piece dives deep into their innovative strategies and resilient company culture. A must-read for anyone interested in how to stay ahead in a rapidly changing market. Key takeaways: 🛠️ Customer-Centric Approach: Netflix’s unwavering focus on customer experience. 🌟 Culture of Freedom and Responsibility: How Netflix empowers its employees to drive innovation. 📊 Data-Driven Decisions: The role of analytics in their strategic planning. #Innovation #Leadership #BusinessStrategy #Netflix #HBR #CustomerExperience #CompanyCulture #DataDriven

Good sunday short read.. Thoughts i got from this article and would like to take for my own work philosophy 1. You say what you think, even if it is uncomfortable 2. You are willing to be critical of the status quo 3. You make tough decisions without agonizing 4. You are able to be vulnerable, in search of truth