No Rules Rules Book Summary - No Rules Rules Book explained in key points
Listen to the Intro

No Rules Rules summary

Reed Hastings and Erin Meyer

Netflix and the Culture of Reinvention

4.6 (461 ratings)
22 mins

Brief summary

No Rules Rules by Reed Hastings and Erin Meyer is an insightful book that examines the revolutionary management philosophy of Netflix. It shows how the company's culture of radical honesty, freedom and responsibility has been the key to success in the digital age.

Table of Contents

    No Rules Rules
    Summary of 6 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 6

    Netflix has been successful because of its unique company culture.

    It was the year 2000. Reed Hastings, co-founder of Netflix, was in Dallas, Texas. He was shaking in his boots as he waited to meet with the CEO of Blockbuster, a giant company worth $6 billion, which boasted 9,000 stores all over the world. It was 1,000 times the size of Netflix, Hastings’s scrappy young start-up.

    Hastings and his partner made a pitch to the CEO – buy Netflix for $50 million and let them run Blockbuster’s website as an online video rental service. The CEO flatly refused.

    This proved to be a mistake. Ten years later, Blockbuster filed for bankruptcy because it couldn’t keep up with Netflix, which by then had 167 million worldwide subscribers and was producing its own award-winning films and TV shows.

    How was Netflix able to nimbly pivot, succeeding where the behemoth Blockbuster failed? That’s easy.

    The key message here is: Netflix has been successful because of its unique company culture.

    The Netflix culture values people, prioritizes innovation, and has few control mechanisms.

    With this as a foundation, Netflix has built immense value, growing 300 times faster than the NASDAQ stock index over 17 years. What’s more, a 2018 survey rated it the top place to work in Silicon Valley.

    Perhaps most impressively, it’s responded nimbly to four seismic industry shifts. Netflix started out as a DVD-by-mail subscription service, then transitioned to streaming. From there, Netflix began licensing original content produced by other studios, and finally, it began producing its own in-house movies and TV shows.

    Hastings believes that all this stems from the fact that at Netflix, his employees enjoy more freedom than any other company he knows of. That freedom inspires them to make better decisions. It also makes it easier to hold them accountable.

    But you can’t just set your employees free and expect your business to automatically do as well as Netflix. True freedom comes from careful planning. Three things are necessary to unlock the potential of radical employee freedom and the responsibility that comes with it. First, high talent density. Next, high levels of candor between employees and managers. And finally, the courage to remove controls which waste everyone’s time – and company money.

    In these blinks, you’ll learn more about each of these three mechanisms. On the way, you’ll also hear Netflix’s start-up fairy-tale story, and how one plucky company became one of the most recognized words in the world.

    Want to see all full key ideas from No Rules Rules?

    Key ideas in No Rules Rules

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is No Rules Rules about?

    No Rules Rules (2020) sets out the principles of Netflix’s unique company culture, based on employee freedom and responsibility, and optimized for maximum innovation. In doing so, it charts the incredible journey of Netflix, a start-up fairytale.

    No Rules Rules Review

    No Rules Rules (2020) explores the unconventional practices of Netflix that have revolutionized the way businesses are run. Here's why this book is a must-read:

    • Through candid storytelling and firsthand accounts, it provides a rare glimpse into the inner workings of one of the world's most successful companies.
    • By examining Netflix's radical corporate culture and their unique approach to talent management, it challenges traditional business norms and offers fresh perspectives.
    • With its insights into innovation and fostering creativity, it presents valuable lessons that can be applied by individuals and organizations looking to thrive in a rapidly changing world.

    Who should read No Rules Rules?

    • Anyone who works at a start-up
    • Fans of the film The Social Network
    • Those who are wary of Silicon Valley’s increasing dominance


    About the Author

    Reed Hastings is the cofounder and co-CEO of Netflix, as well as a software developer. Erin Meyer is a professor at INSEAD and the author of The Culture Map, in which she shows how to successfully do business across international borders.

    Categories with No Rules Rules

    Book summaries like No Rules Rules

    People ❤️ Blinkist 
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked these summaries

    4.7 Stars
    Average ratings on iOS and Google Play
    31 Million
    Downloads on all platforms
    10+ years
    Experience igniting personal growth
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial

    No Rules Rules FAQs 

    What is the main message of No Rules Rules?

    The main message of No Rules Rules is to embrace a culture of freedom and responsibility in the workplace.

    How long does it take to read No Rules Rules?

    The estimated reading time for No Rules Rules varies depending on the reader's speed. However, the Blinkist summary can be read in just 15 minutes.

    Is No Rules Rules a good book? Is it worth reading?

    No Rules Rules is a valuable read for anyone interested in innovative management practices. It offers insights into creating a high-performing culture.

    Who is the author of No Rules Rules?

    The authors of No Rules Rules are Reed Hastings and Erin Meyer.

    What to read after No Rules Rules?

    If you're wondering what to read next after No Rules Rules, here are some recommendations we suggest:
    • Tribe of Mentors by Tim Ferriss
    • Powerful by Patty McCord
    • The Power of Habit by Charles Duhigg
    • The Freaks Shall Inherit the Earth by Chris Brogan
    • Incognito by David Eagleman
    • Learn or Die by Edward D. Hess
    • Nike: Going Public by The Blinkist Team
    • The Fourth Turning by William Strauss and Neil Howe
    • The Six Disciplines of Strategic Thinking by Michael D. Watkins
    • Radical Candor by Kim Scott