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Episode #466

Culture and Leadership: A Powerful Conversation with Patty McCord and Joe Polish

Patty McCord, former Chief Talent Officer at Netflix, shares insights on building high-performance teams and cultivating a strong company culture.

Drawing from her transformative experiences at Netflix, Patty offers practical advice for hiring the right talent and managing team dynamics. Tune in for actionable tips to elevate your business and leadership approach.

If you’d like to join world-renowned Entrepreneurs at the next Genius Network Event or want to learn more about Genius Network, go to www.GeniusNetwork.com.

Here’s a glance at what you’ll learn from Patty in this episode:

  • How to create a great company that is a great place to be from and that is “resume-worthy”
  • Why you want to seek “A Players” for EVERY role in your company (How to create an amazing team)
  • Know exactly who to hire by looking at the problems you need to solve with your current team
  • Why the first 100 people you hire as a start-up eventually lead to problems of scale
  • When It’s Time To Say Goodbye: Why team members don’t work out and what to do about it
  • Patty reveals the inside workings of her time at Netflix and the lessons she learned
  • High-Performance Teams: Why behaviors matter for culture and building great teams
  • Why tracking time off isn’t useful according to Patty (and what you should do instead)
  • One thing you must get good at (that most people aren’t) if you want to hire effectively
  • Context, Not Control: How to intelligently let go when you are delegating to people
  • How Patty and Reid Hastings worked together and why they made a successful team
  • How to give “Good Negative Feedback” versus
  • The importance of being “customer-obsessed” when it comes to your company culture
  • Patty’s best advice for resourcing yourself and finding answers when you’re in charge

Leadership and Team Building:

  • Importance of building a team that delivers high-quality work on time and satisfies customers.
  • Emphasis on being customer-obsessed and focusing on company behaviors and values.

Netflix Culture Deck:

  • Insights into the creation and purpose of the Netflix culture deck.
  • Understanding that the Netflix culture deck was specific to Netflix and not a one-size-fits-all guide.

Patty McCord’s Career:

  • Overview of Patty’s background, including her roles at Sun Microsystems, Borland, Seagate Technologies, and Netflix.
  • Discussion of her work in staffing, diversity, communications, and international human resources.

Key Takeaways from Patty’s Book:

  • Highlights from Patty McCord’s book, emphasizing its practical insights and actionable advice.
  • Discussion on the concepts of A players and why the term can be problematic.

Hiring the Right People:

  • Importance of hiring the right people for the right roles.
  • Stories and examples of successful hires and lessons learned from hiring mistakes.

Creating a Great Company Culture:

  • How to create a company culture that is a great place to be from.
  • Strategies for leaders to build and maintain a strong, positive culture.

Challenges in Business:

  • Common challenges businesses face, such as scaling and transitioning teams.
  • Importance of adaptability and continuous learning in leadership.

Good Goodbyes:

  • The concept of “good goodbyes” and how to part ways with employees respectfully and constructively.
  • Real-life examples of managing team transitions and maintaining positive relationships.

Travel, Time Off, and Expense Policies:

  • McCord’s approach to eliminating approval-based finance roles.
  • The shift towards budget management and senior oversight.
  • Time off policy and its impact on team dynamics.
  • Empowering teams to manage their own resources.

Innovative Approaches and Experimentation:

  • Challenging traditional policies and practices.
  • Embracing experimentation and adaptation.
  • The importance of results-oriented metrics over traditional HR measures.

Shift from Control to Context:

  • McCord discusses the concept of “Context Not Control” from the Netflix culture deck.
  • Providing employees with the necessary context to make informed decisions.

Delegation and Problem-Solving:

  • Empowering employees to take ownership and solve problems.
  • McCord’s approach to interviewing and identifying problem-solving skills in candidates.

Customer-Centric Leadership:

  • The importance of customer obsession in decision-making.
  • McCord’s reflections on the evolution of Netflix and its focus on customer needs.

Resourcing and Seeking Guidance:

  • Advice on finding trustworthy mentors and peers for support.
  • The value of honest feedback and effective communication in leadership.

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