Netflix, Anyone?

Reed Hastings was born on October 8, 1960 in capital of Massachusetts Massachusetts. Hastings majored in mathematics at Bowdoin College, receiving his bachelors degree in 1983. He would then continue on and teach mathematics in the Peace Corps as a volunteer in Swaziland. After his return from Africa, he finished his graduate studies at Stanford University. He began his first reflect at Adaptive Technologies and later on, founded Pure Software (which would be acquired by Rage Software for ¾ of a billion dollars). itsy-bitsy did Hastings know however, that forgetting to return Apollo 13 would be the greatest career trigger in his life.
Id rented a VHS and I had misplaced it and it was six weeks late. So it was a $40 late fee. I mean it was just crazy. And I was on the way to the gym and I realized Whoa! Video stores could work on deal a gym, with a flat membership fee. And it was like I wonder why no ones through with(p) that before! Hastings journey began when he ran down to loom records and purchased a few DVDs that he would weapons to himself. After realizing that these DVDs, unlike VHSs, would not be unmake in the mail, Hastings knew he had hit a goldmine. development the revenue earned from Pure Software, Hastings founded Netflix in 1998 and neer looked back.




Since then, Netflix has become the largest online DVD rental service with a collection of over 80,000 titles and over 6.8 trillion subscribers. Their main warehouse in Silicon Valley alone holds more than 26 million DVDs. To increase efficiency, Hastings has to a fault opened up four other warehouses across the US to ensure next-day delivery. Netflix is also cognize for its innovative business and management practices. For example, they are known to repair workers salaries much higher than that of its competition. Employees are also allowed to choose every year how much of their compensation they want in cash vs. stock. Netflix also features a user-generated ratings feature in which recommends various DVD titles to customers correspond to...If you want to get a full essay, order it on our website: Orderessay



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