The World's Best Book Summaries
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.
Does your company employ people from a diverse range of backgrounds? How can you adapt your policies to accommodate for cultural diversity in the workplace? What can you learn from how Netflix handled this hurdle? In their book No Rules Rules, Netflix CEO Reed Hastings and author Erin Meyer discuss the challenges Netflix faced when it started to grow internationally. He learned two major lessons about working with people from different cultures and now Netflix successfully operates in over 190 countries. Here’s how Netflix CEO Reed Hastings adapted for diversity.
What exactly is a habit? Why are habits important? A habit is an action repeated over time until it becomes automatic. Habits influence everything—from our purchasing decisions to social movements. Continue reading to learn why habits are so important and influential.
Is it a good idea for company executives to share sensitive information with all employees, including finances and employee profiles? What practices does Netflix use to ensure organizational transparency? According to Reed Hastings, the CEO of Netflix, there are many benefits of transparency in the workplace. That’s why at Netflix, they are transparent about financial data, job security, mistakes, and even firings. Let’s look at four specific ways that Netflix practices organizational transparency and the positive outcomes that come from this practice.
How do advertisers manipulate customers into buying their products? How do they use cues to trigger purchasing habits in your subconscious? In his book The Power of Habit, Charles Duhigg explains how advertisers influence customers to buy their products by learning about and manipulating their purchasing habits. They achieve this through sales promotions, rearranging shelves, or tracking your habits online. Continue reading to learn how advertisers use the psychology of habit to sell more products.
What is it like to work at Netflix? Does Netflix have an innovative culture? As a company with no vacation or expense policy, Netflix is no stranger to taking an unorthodox approach to management. One of Netflix’s more unique policies is the freedom it gives to its employees to innovate and make risky decisions, despite the chance that they won’t pay off. Keep reading to learn about Netflix’s method of inspiring innovation (what the company calls the “Netflix Innovation Cycle”).
How did humanitarian aid help Africa during the AIDS crisis? Could have the crisis have been handled better? In his book The White Man’s Burden, economist William Easterly believes that the AIDS crisis could have been dealt with more effectively if the humanitarian aid programs had focused more on prevention and less on treatment. This stance is controversial because the utilitarian viewpoint basically ignores those who are already sick. Continue reading to learn about Easterly’s take on the AIDS crisis.
How does Netflix’s vacation policy of unlimited time off work? How can managers prevent employees from taking too much time off? One of the non-policies Netflix is known for is its “no vacation policy.” This means that all employees can take as many vacation days as they want without being tracked. Of course, they had to put some safety measures into place to prevent bedlam. Let’s go over how Netflix’s unlimited vacation policy works.
Why are the problems with the top-down aid model? Why is the humanitarian aid system flawed? In his book The White Man’s Burden, William Easterly posits that the top-down aid model is disconnected from its recipients and is a recipe for under-delivering. However, there are cases to be made for both sides of the argument. Continue reading to learn more about the flaws in the global aid system.
How can a company as big as Netflix have such a lenient expense policy? How can Netflix enforce such subjective rules? Netflix’s expense policy basically states that all employees must “act in the company’s best interest” when it comes to travel expenses such as flights, hotels, and dinners. The problem is that each person may have a different idea of what is acceptable and what is extravagant. Here’s how Netflix ironed out the kinks in their expense policy.