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 Today's advice comes from Netflix CEO Reed Hastings' interview at the D9 conference: "We spend so much on culture and talent density, which is the fewest number of highly-talented people possible; not the largest number." "Our dreams are not of a million engineers, our dreams are of a very small number of highly-talented people and we think that's one of the keys to staying very innovative and flexible, because with a small number of people you can run very informally, you don't need a lot of process." Hastings says his biggest fear is for Netflix to become one of those companies that's going through a cycle where they experience a surge of innovation before coming to a sudden stop. "It gets to nearly every company," he says. Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email. For the latest career news, visit War Room. Follow us on Twitter and Facebook. | | | | | | | |
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