Usually, people say that there are no significant limits to growth because there are no limits of human intelligence, imagination and wonder. The growth of a company helps to accomplish the confidence in society.
It helps to create the goodwill and the reputation of the company in the market. With the excellent image and prestige, an organization can be easily able to attract the market, investors, customers and can quickly generate significant positive cash flow cash earnings. But this is not as 8easy as it sounds. There is always an intelligent head behind all these efforts to achieve their expectations… Reed Hastings counts in one of those leading individuals who is profiting their company with their intelligence.
Wilmot Reed Hastings Jr. is an American entrepreneur and the co-founder, chairman and CEO of Netflix came up with the idea after getting stuck with a late fee for a movie rental at Blockbuster Video. In the young on-demand media industry, Netflix is a relatively dominant company. In them to better serve customers, the company uses users’ data for providing them on-demand content and creating a compelling original program so the customers can consume the content as that they prefer. Netflix is the first significant upheaval of television and not allowing the cable companies to work with old fashioned way and compelling then to change the way they do business.
Reed Hastings was born on October 8, 1960, in Boston, Massachusetts. His father was a US Attorney in the Department of Education, Health and Welfare. Before he started Netflix, he worked through the Marine Corps officers in 1981. Later he graduated in 1983 and joined US peace crops for two years. He went to Stanford University in 1988 and completed his degree of Masters in Computer Science.
In 1991 he started his software company, which began to increase over the times. Over the years, he became the CEO of that company. In 1995 he sold his first company, pure software, to Rational Software Later he decided to collaborate with Marc Randolph and, after two later, co-founded Netflix. At that time, Netflix was a rental service that allowed flat rates rental-by-mail to any customer in the United States.
In 1998 Netflix started to mail-order DVD purchases for seven days.
A year later, the system purchased, now subscribers could have to pay a monthly fee rent for an unlimited amount of DVDs. Over the years, the company kept on growing and Reed Hastings became recognized for his management strategies for the Netflix administration. He expanded Netflix through the movie studio partnership for catalogs, documentaries and other movies that were not readily available at that time. In 2997 Netflix shipped its billionth DVD, now it has above 139 million subscribers from all over the world. Later he joined Microsoft and served them until 2012. He has also been the director of Facebook in the year of 2011.
By the innovate ideas and intelligence, Reed Hastings leading his company to one of the too five companies in 2019 with the over 139 million subscribers from all over the world.