The World's Best Book Summaries
Are you thinking of reading No Rules Rules? How well was the book received by critics? In No Rules Rules, Netflix CEO Reed Hastings and business professor and author Erin Meyer detail how the company achieved this level of success by implementing unconventional management practices that empower employees and promote innovation. Here is our No Rules Rules review.
Do you want to know how to change bad habits? What experiments can help you weed out your bad behaviors and replace them with better ones? Bad habits are difficult to kick because they are literally encoded in your brain. According to Charles Duhigg, the author of The Power of Habit, all successful habit changes begin with a process of experimentation to uncover the specific cues and rewards that drive your habits. He suggests that you follow a four-step process that relies on identifying your routine and experimenting with different rewards so that you can effectively isolate your cue and
Are you worried that another company will poach your best employees? How can you convince employees to stay with your company? Netflix CEO Reed Hastings wrote in his book No Rules Rules that there are three ways to prevent employee poaching: paying top-of-market salaries, eliminating performance-based bonuses, and giving raises that reflect market value. Some of these methods may be difficult but it’s important to remember that good employees are investments, not tools. Here’s an overview of each of the three methods.
Why does smoking cigarettes turn into a habit but changing a tire doesn’t? What makes a habit form in the brain? According to Charles Duhigg, the author of The Power of Habit, habits need three elements to form: a cue, a routine, and a reward. Once these three elements are in place, a habit is reinforced by craving—the anticipation of the reward when you perceive the cue. Continue reading to learn what makes a habit.
What is Netflix’s management strategy? How can such a huge company remain successful with so few policies? Netflix’s CEO Reed Hastings believes that employees should have as much autonomy as possible. That’s why he aims to eliminate controls so employees have the power to act in the company’s best interest without a long and complicated approval process. Here are the three benefits of Netflix’s lenient management strategy.
What exactly are habits? How are habits formed and why are they so difficult to break? In his book The Power of Habit, Charles Duhigg explains why and how the brain creates habits in order to save mental energy. He details every step of habit formation, from the first time you consciously choose to take any action to how to rewire your brain to replace bad habits. Keep reading to learn how habits are formed in the brain and why they are so difficult to break.
Do you think your company would do well with a decentralized organizational structure? What conditions must your company meet for this structure to be successful? A decentralized organizational structure removes most rules and controls and gives employees the autonomy to act without approval. In the wrong hands, this system is risky and possibly costly. But, under the right conditions, this system can promote accountability and innovation. Here’s how to successfully decentralize power, using Netflix as an example.
Do you want to know how to create a new habit? Why are rewards so crucial in making new habits stick? In his book The Power of Habit, Charles Duhigg says that the key to creating new habits is to put a reward system in place. You need your brain to crave that reward, otherwise, the habit won’t stick. Here’s how to create new habits, according to Charles Duhigg.
What is The Power of Habit by Charles Duhigg about? How was the book received when it was released? In The Power of Habit, Charles Duhigg explores the components of habit formation. He helps readers understand why they have certain habits, just how much these habits influence their daily lives, and how they can stop or change bad habits. Continue below for our The Power of Habit review including intellectual context and critical reception.
Are humans meant to be happy? What’s wrong with treating happiness as the norm and unhappiness as a problem? There is a tacit assumption in our society that humans are meant to be happy. One consequence of this idea is that there is something wrong with being unhappy or experiencing psychological distress. Here is why there is nothing wrong with being unhappy.