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We Have a Few Rules Whic...
@MarcSGIlbert on Twitter
When Hastings, myopically gazing at his own navel, once declared his only competition was sleep, he repeated the mistake made by Bewkes when he myopically declared that Netflix posed no more of a threat than the Albanian army. Sleep may have seemed to Hastings like his company’s only threat, but solely because potential competitors had not yet awakened to the fact that streaming could grow their bottom line, even be a business of its own. Amazon was the first Big Tech company to take him on.
Pandora's Box
Peter Biskind
One thing he never incentivized for was market share. He didn’t want managers to push bad contracts to gain share. He gladly spent on R&D to develop best-in-class products, but the goal was always about compounding value. Because all his acquisitions were high gross margin and low capital intensity, paying on profit growth meant that managers really had to get only the top-line growth measure right. That was the most powerful lever they could pull. The incentive to grow with and above the market was already there.
Lessons From the Titans
Scott Davis, Carter Copeland, and Rob Wertheimer
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