The Leadership Style Of The Company Of Netflix And A Number Of Not- For- Profit Companies

1767 WordsDec 13, 20158 Pages
Introduction Wilmot Reed Hasting, an education philanthropist and entrepreneur, is known for serving over the boards of Facebook, CEO of Netflix and a number of not- for- profit companies. In the year 1997, Marc Randolph and Hastings contributed in co-founding Netflix that offers film rental- by- mail at a flat rate or price to the customers in the entire United States of America. With the headquarters in California, the company of Netflix has been amassing a collection of more than 44 million subscribers for almost 100,000 titles. Hastings is known for being ahead in the curve of technology. He also possesses the quality of anticipating the preferences of the customers. In consideration with this quality, it had been anticipated by him that in an eventual manner the customers will show preferences towards getting movies instantly being delivered through the sources of the internet (Musek 2007). Even though the organization is now being criticized by a number of individuals in the market, the organization had been able to achieve success in the initial period and in recent times due to the leadership style of Reed Hastings. Hence, the leadership style of Reed Hastings is extremely important for the purpose of this report and will be the key focus of the research as well. In the beginning of the year 2005, the analysts of Wedbush Securities Stock had place a price targeting at 3 dollars, the trading of which was being done at the price of approximately 11 dollars (Loftus

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