Question: Eignment Saved High Performance Work Practices at Netflix This activity is important because, as a manager, you should understand the factors that affect firm profitability

Eignment Saved High Performance Work Practices at
Eignment Saved High Performance Work Practices at
Eignment Saved High Performance Work Practices at Netflix This activity is important because, as a manager, you should understand the factors that affect firm profitability and long- term survival. These include resources that are inimitable and rare, as well as high-performance work practices. The goal of this exercise is to demonstrate your understanding of the resource-based view of organizations and high- performance work practices by answering questions after reading a case study. Read the case about Netflix and answer the questions that follow. Netflix is a leading streaming video on demand (SVOD) company operating in 190 countries with 140 million subscribers as of 2019. The company launched its online DVD rental site in 1998 and, in 2007, began offering web streaming content. In 2013, its first original series, House of Cards, was hugely successful with viewers and media critics. As the earliest entrant Into the video rental and web streaming market the company had advantages in gaining subscribers and market knowledge The hiring process at Netflix is described as "thire slow, fire fast," meaning that considerable investment is put into selecting new employees. The company has exceptional benefits, including unlimited paid time off (PTO). Companies in the SVOD industry tend to offer strong benefits packages. so Netflix is not much different from competitors. However, Netflix describes its stock option program as a unique company incentive plan compared to competitors because it gives employees choice in how much to participate Employee benefits at Netflix may be attractive, but they are not inimitable because Multiple Choice compensation is not high profit-sharing percentages are not high enough competitors have similar benefits benets are only offered for management

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